TAX FACTS JUNE 2014

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How Far Back Can The CRA Go To Reassess You? In Canada, the CRA can reassess your tax returns for up to three years from the date that they were initially assessed. However, certain circumstances allow for reassessment past the statute barred year period is over if errors, negligence, or ...

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Childrens Fitness and Activity Tax Credits: A Fit and Healthy Tax Break for Families

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Enrolling your kids in organized activities can do more than just benefit their health; it can benefit your finances too with the help of federal and provincial tax credits, worth up to $500 per child.

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