Admin@taxter.ca, Author at Taxter CPA

September 1, 2025

Uncashed Cheques From CRA: Is There One for You?

Government-issued cheques never expire, so they can be cashed at any time. If they have been lost or damaged, they can be replaced at the taxpayer’s request. To find uncashed cheques for individuals, taxpayers should go to their

August 20, 2025

Election Platform – Potential Upcoming Tax Changes

With the most recent federal election resulting in a Liberal minority government, individuals and businesses should be aware of their tax-related platform proposals, as summarized in the listing below. Business items included: reintroducing the multi-unit rental building (MURB)

August 10, 2025

Losses From Personal Scams: No Tax Deduction Available

A June 18, 2024 Technical Interpretation discussed the tax treatment of losses resulting from a personal scam, as opposed to an investment scam. Two examples of personal scams were provided, as follows: a grandparent scam that generally involves

June 10, 2025

Canada Disability Benefit: New Support!

The Canada disability benefit is a new monthly payment for working-age persons with disabilities who have low income. The first payments will be made in July 2025. To be eligible for this benefit, individuals must meet the following

May 5, 2025

Tax Relief – Support For Those Impacted by Tariffs

In response to the tariffs, the federal government has announced several measures to support businesses and individuals. In accordance with a March 21, 2025 Release from the Prime Minister, CRA will implement the following measures: deferring GST/HST remittances

April 1, 2025

De Facto Director – Personal Liability

A director of a corporation, non-profit organization or other entity can be personally liable for payroll source deductions and GST/HST that the entity fails to remit to CRA, unless the director exercised due diligence to prevent failure to

March 18, 2025

How to verify if the person who just called is in fact the CRA’s agent – CRA introduced a new fraud prevention website

Have you received a call claiming to be from CRA but are unsure if it is legitimate? CRA has launched a webpage – https://www.canada.ca/en/revenue-agency/corporate/scams-fraud/verify-cra-contact.html to assist taxpayers in determining whether the call is actually from CRA. Taxpayers can

February 5, 2025

GST/HST Tax Holiday Ends Soon

For the December 14, 2024 to February 15, 2025 period, certain items normally subject to GST/HST should not have GST/HST applied at the point of sale. Businesses selling these goods can still claim input tax credits for the

January 22, 2025

Secondary Suites – Tax Considerations

There are several reasons an individual might convert part of their home into a rental property. However, this action can have significant income tax implications, including potentially limiting access to the principal residence exemption, which can be easily

January 11, 2025

Administration of the increased Capital Gain Inclusion rates

The capital gains inclusion rate has been proposed to increase from 50% to 2/3, effective June 25, 2024, for corporations and most trusts as well as for the portion of capital gains realized in the year that exceeds

Uncashed Cheques From CRA: Is There One for You?

Election Platform – Potential Upcoming Tax Changes

Losses From Personal Scams: No Tax Deduction Available

Canada Disability Benefit: New Support!

Tax Relief – Support For Those Impacted by Tariffs

De Facto Director – Personal Liability

How to verify if the person who just called is in fact the CRA’s agent – CRA introduced a new fraud prevention website

GST/HST Tax Holiday Ends Soon

Secondary Suites – Tax Considerations

Administration of the increased Capital Gain Inclusion rates

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