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Latest News

Interest Rates for 2014 Quarter 1
December 13, 2013
Interest rates for 2014 quarter 1   After a much anticipated prescribed rate increase by the Canada Revenue Agency (CRA) in October 2013, the pre......

CRA Rate Increases
September 26, 2013
CRA Increases Rates Canada Revenue Agency (CRA) announced in September 2013 that they have increased the rates used to calculate interest on overd......

2013 Federal Budget Highlights
March 26, 2013
2013 Federal Budget Highlights The Honourable Jim Flaherty, Minister of Finance, tabled Canada’s Economic Action Plan 2013 on March 21.  Some of t......

CRA increases the GST/HST Quick method threshold
February 12, 2013
CRA increases the GST/HST Quick method threshold Businesses with sales plus GST/HST under $400,000 are now eligible to use the Quick method to acc......

CRA Reasonable per-kilometer Allowance Rates
February 04, 2013
CRA Reasonable per-kilometer Allowance Rates The new automobile allowance rates deemed reasonable by CRA for 2013 are: $0.54 per kilometer for ......