News
Industry NewsEmployers and pension plan administrators: Changes coming to T4/T4A reporting
The Government of Canada is committed to improving access to dental care services to help people get the dental care they need and make life more affordable to Canadians. The Canadian Dental Care Plan will provide dental coverage for uninsured Canadians with an...
Canada Revenue Agency announces maximum pensionable earnings and contributions for 2024
What's new for January 1, 2024? The maximum pensionable earnings under the Canada Pension Plan (CPP) will be $68,500—up from $66,600 in 2023. The basic exemption amount for 2024 remains at $3,500. Starting in 2024, a higher, second earnings ceiling of $73,200 will be...
Free webinar for students: Register to learn about doing your taxes and getting benefits and credits!
Students, it pays to do your taxes! On November 15th, the Canada Revenue Agency (CRA) is hosting a free webinar to share information about the benefits and credits you could be eligible to receive by doing your taxes. We'll be talking about: taxes and why we pay them...
Crypto-asset exchanges: your records, obligations and responsibilities
What are crypto-assets? Crypto-assets are digital assets that exist on a cryptographically secured distributed ledger. There are many types of crypto-assets, the most common being cryptocurrencies, such as Bitcoin, Ethereum and Tether. Transactions related to...
New Canada Pension Plan (CPP) and Québec Pension Plan (QPP) boxes on the T4 slip
What are the new T4 boxes? Box 16A: employee's Second Additional CPP Contributions (CPP2) Box 17A: employee's Second Additional QPP Contributions (QPP2) Second additional CPP and QPP contributions begin in 2024. After January 1, 2024, any employee who contributes to...
Free webinar for personal services businesses providing services to other entities
If you have incorporated your business, you may be considered a personal services business (PSB) by the CRA. As a PSB, understanding your filing obligations, eligible expenses, and deadlines is your responsibility. The Canada Revenue Agency (CRA) is committed to...
Free CRA webinars: Learn about benefits and credits, how to be scam smart, and why it’s important to do your taxes!
The Canada Revenue Agency (CRA) is hosting a series of free webinars for Fall 2023 and Winter 2024. Join us to learn about the benefits and credits you could be eligible to receive, how to protect yourself against fraud, and other services and tools to help you file...
Register for our free webinar: Be scam smart!
Don’t fall victim to scams! Scammers target persons from all walks of life, and no one is immune. We invite you to an engaging presentation where you will gain valuable insights on how to recognize the many types of scams and learn what to do if you are a victim. Our...
Do you know who has access to your tax accounts? Here’s how to find out!
If you are a business owner, here are some helpful tips and information for you to protect and manage who has access to your CRA online account. Monitoring your business account It's important to know who your authorized representatives are and what information they...
New Tools for Reporting Suspicious Activity
he Canada Revenue Agency (CRA) is pleased to announce new tools for reporting suspicious account activity or identity theft. An interactive voice response number is now operational, and a submittable webform through the CRA's secure online portal (such as My Account)...