News | Accountancy Insurance Brokers Limited

Government Extends Tax Deadline in Response COVID-19 Pandemic

Blog

The federal government has announced that Canadians will have extra time to file and pay their taxes this year. In response to the COVID-19 pandemic, the tax filing date has been postponed to June 1 for individuals. The deadline for trusts has been moved to May 1. The Canada Revenue…

Finance Ministry has the Fiscal Tools to Address COVID-19 Economic Fallout: Spokesperson

Blog

The Department of Finance has been in regular contact with the Bank of Canada and international partners to discuss the potential economic fallout of the ongoing COVID-19 outbreak. “We are discussing the situation with our international partners,” said Finance Minister Bill Morneau’s spokesperson Maeva Proteau. “Our government’s strong fiscal position…

Canadians Finding Unclaimed Cheques on Canada Revenue Agency Website

Blog

Many Canadians are finding uncashed government cheques worth hundreds – and in some cases thousands – of dollars through a little-known feature on the CRA website. The CRA recently introduced a tool in the My Account portal that allows users to collect and cash in on any unclaimed cheques, dating…

New Wave of CRA Phone Scams Reported

Blog

The Ontario Provincial Police (OPP) at West Parry Sound have obtained numerous complaints from locals concerning a Canada Revenue Agency (CRA) scam that is said to have occurred recently. The complainants stated that they were contacted by a caller claiming to be from the CRA. The caller asserted that they…

Raising the Carbon Tax is the Best Way for Canada to Meet Paris Targets, Says Ecofiscal Commission

Blog

The most cost-effective way for Canada to meet its 2030 Paris Agreement targets would be for it to quadruple its carbon tax to CA$210 a tonne, according to a recent report from the Ecofiscal Commission. The report from the independent think-tank acknowledges the potential unpopularity of such a move, but…

More Than 8,000 Aspiring Accountants Awaiting Results of CPA Canada Examination

Blog

Over 8,000 would-be accountants will not find out if they will receive their CPA designation until early next year. Technical difficulties caused lengthy delays in many parts of the country during the three-day national final exam in September. Results are ordinarily provided in November, but CPA Canada now says that…

Two Canadian Men Scammed Out of a Combined $25,000

Blog

Criminals impersonating Canada Revenue Agency officials have been scamming people by approaching them with fraudulent complaints, which they then offer to resolve via Bitcoin. Canadian Police have sent out warnings to citizens, urging caution if they are confronted over related issues. Up to CAD $25,000 has been leeched off of…

Bank of Canada May Not Change Interest Rates Despite Mounting Signs of Global Recession

Blog

Even though other central banks around the world are already easing interest rates in response to mounting worries of a global recession, a recent Bloomberg survey shows that a majority of Canadian economists believe the Bank of Canada will maintain its 1.75% rate until the end of 2020. Despite ongoing…

Real Estate Authorities Build Anti-Money Laundering Network

Blog

On April 9, the two real estate regulators – the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the Real Estate Council of British Columbia (RECBC) – announced that they have entered a memorandum of understanding (MOU) in an attempt to prevent money laundering in the real estate…

Audit Shield

Tag: News

Government Extends Tax Deadline in Response COVID-19 Pandemic

Finance Ministry has the Fiscal Tools to Address COVID-19 Economic Fallout: Spokesperson

Canadians Finding Unclaimed Cheques on Canada Revenue Agency Website

New Wave of CRA Phone Scams Reported

Raising the Carbon Tax is the Best Way for Canada to Meet Paris Targets, Says Ecofiscal Commission

More Than 8,000 Aspiring Accountants Awaiting Results of CPA Canada Examination

Two Canadian Men Scammed Out of a Combined $25,000

Bank of Canada May Not Change Interest Rates Despite Mounting Signs of Global Recession

Real Estate Authorities Build Anti-Money Laundering Network

Need Help? Call

Office Hours: