Tax Alerts

CRA Announces Self Review Letter Process

CRA has recently announced that it will be conducting a letter writing campaign to inform Canadians about their tax obligations.
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B.C. Introduces Harmonized Sales Tax

On July 23, 2009, Premier Gordon Campbell announced that effective July 2010 B.C. is set to move to a 12 per cent Harmonized Sales Tax (HST).
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2010 Preliminary Tax Deferral Regions for Alberta & British Columbia Drought Conditions

On October 20, 2010, the Government of Canada released its preliminary lists of regions in Alberta and British Columbia eligible for tax deferral as a result of drought conditions.
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New ZR Subaccounts for CRA Reporting

Beginning January 2010 (effective for 2009 calendar year), everyone who issues T5, TFSA, SAFER, T5007, T5008, T5013, T5018** or RRSP slips must have an RZ account set up.
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CRA Focuses on High Net Worth Individuals

If you meet their criteria, CRA may select you and your related group to be audited as part of their Related Party Initiative (RPI).
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B.C. Budget Announcement - 2011

On Tuesday, February 15, 2011, the BC Minister of Finance, Colin Hansen, presented the Province’s 2011 Budget.
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