New starting 2016: if you sold your principal residence, you have to report the sale on Schedule 3 and Form T2091. You do not have to pay tax on any gain from the sale because of the principal residence exemption. Change in usage from principal residence to rental or business is deemed disposition and has to be reported. There is a penalty for non reporting.
Fir more details please see the link to CRA website:
Tax season has started and as Canadians prepare to fill out their forms, officials are urging people to be cautious of Canada Revenue Agency (CRA) scams that are already on the rise.
According to Ottawa police, these scams happen all year, but there’s usually an increase in complaints starting in March until the end of April because scammers target people during tax season.
Some thoughts on how to survive holiday shopping. Make a list, set a budget, decide where you will go shopping, and devote specific time. Make it a pleasant activity.
Didn’t have time to report owner/management salary in 2015? You still have time to report and pay payroll deductions. Contact me to discuss firstname.lastname@example.org.
It’s impressive to see how the global warming change our planet. Please see the full article on CPA Canada website. CPA Canada website
Muir Glacier, Alaska, in 1882 and 2005