Recent News/News Feeds

The following news feed articles are compiled from: Canada Revenue Agency - Tax Tips, Individuals Tax Information Newsletters, Business Tax Information Newsletters.

Interest rates for the third calendar quarter - 27-JUN-19

The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations.

The Canada Revenue Agency thanks all Canadians who provided feedback to the Serving Canadians Better consultations  - 19-JUN-19
The Canada Revenue Agency (CRA) is listening to Canadians, changing how it works, and improving the services it offers.

Minister of National Revenue releases fifth report in the tax gap series - 18-JUN-19
The Government of Canada committed in 2016 to calculate the tax gap, fully recognizing that it would help it better target its compliance activities and ensure a tax system that is fair to all Canadians.

Tax Gap and Compliance Results for the Federal Corporate Income Tax System - 18-JUN-19
The Canada Revenue Agency (CRA) has published a series of studies on Canada's tax gap.

Reminder – The CRA wants to hear from you about improving services. Consultations go until Tuesday June 18, 2019 - 14-JUN-19

The Canada Revenue Agency (CRA) takes pride in serving Canadians and is working to improve their service experience.

News Release: Taxpayers’ Ombudsman presents her 2018-2019 Annual Report: Breaking Down Barriers to Service - 11-JUN-19
OTTAWA, June 11, 2019 –The Taxpayers’ Ombudsman, Sherra Profit, is proud to release her 2018-2019 Annual Report, Breaking Down Barriers to Service. As the 11th Annual Report published by her Office, this edition marks the beginning of a new decade since its inaugural publication of the 2008-2009 Annual Report.

Minister of National Revenue welcomes the Offshore Compliance Advisory Committee’s recommendations and observations on the Agency’s response to the Panama and Paradise Papers leaks - 11-JUN-19
The Honourable Diane Lebouthillier, Minister of National Revenue, today issued the following statement: “I thank the Offshore Compliance Advisory Committee (OCAC) members for their work and invaluable input in advising me and the Canada Revenue Agency (CRA) on the important topic of offshore tax compliance.

Canada Revenue Agency is making improvements for small and medium businesses - 10-JUN-19
The Canada Revenue Agency (CRA) places a special emphasis on working with stakeholders to discuss tax matters, the transformation of its services and the day-to-day management of its activities.

Warning: Watch out for real estate investment schemes - 07-JUN-19

The Canada Revenue Agency (CRA) is warning Canadians about getting involved in tax schemes where promoters, including some tax representatives and tax preparers, are claiming that individuals can get a significant tax write-off by investing in real estate through a limited partnership.

One Year In, J5 Making a Difference - 05-JUN-19
Leaders from five international tax organizations met in Washington, DC, this week to mark the one-year anniversary of the formation of the J5 and announce the results from its first year. The meeting coincided with a global cyber training event hosted by the United States at the World Bank.

Joint Chiefs of Global Tax Enforcement (J5) conduct media availability  - 04-JUN-19
J5 Chiefs to conduct media availability to announce first year results from J5 and highlight cyber training hosted by IRS-CI at the World Bank in Washington, DC.

Statement from the Canada Revenue Agency regarding the decision in Canada (National Revenue) v. Cameco Corporation (2019 FCA 67) - 31-MAY-19
The Canada Revenue Agency issued the following statement in response to the April 3, 2019 decision from the Federal Court of Appeal (FCA) that upheld the Federal Court decision (2017 FC 763)

Minister Lebouthillier marks the end of the 2019 tax-filing season - 31-MAY-19
The Canada Revenue Agency (CRA) is committed to improving its services to help Canadians file their income tax and benefit returns and receive the benefits and credits to which they are entitled in a timely and efficient manner.

Minister Lebouthillier to mark the wrap-up of the 2019 tax filing season for individuals - 30-MAY-19
The Honourable Diane Lebouthillier, Minister of National Revenue, and Deb Schulte, Parliamentary Secretary to the Minister, will mark the wrap-up of the 2019 tax filing season with CRA employees.

The Government of Canada identifies more than a billion dollars in additional taxes in British Columbia and Ontario real estate markets over the last four years - 30-MAY-19
Annual real estate audit results released with quarterly update

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