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CPA BC / CRA Meeting. Some things discussed:

Last week had a meeting with tax practitioners and CRA representatives. Some things discussed:   * “MyCRA” mobile app to view your return status, notice of assessment, benefit and credit information, and RRSP and TFSA contribution room—all on your mobile device. * Online Charities Listings – http://www.cra-arc.gc.ca/chrts-gvng/lstngs/menu-eng.html can be used to: confirm if a Canadian[…]

CPA_accountant

Tax changes 2015

    Tax rate changes for individuals and tax-free savings account. http://www.cra-arc.gc.ca/gncy/bdgt/2015/tc12-eng.html For the 2016 and subsequent tax years, the federal personal income tax rate on taxable income of $45,282 to $90,563 (the second income tax bracket) will be reduced by 1.5% from 22% to 20.5%. For 2016, the Government proposes a TFSA annual contribution[…]