Capital Tax Ltd.
422 Richards St suite 170 Vancouver, BC, Canada

In case you've been trying to access the MY CRA website.

U.S citizens and residents with unreported Canadian bank accounts could see both the CRA and IRS knocking on your door with fines and penalties.

Tax incentives for foreign nationals on the horizon.

Small Canadian home office deduction for those working from home during 2020 due to Covid.

CRA now extending tax filing deadline to September 30th, 2020.

If thinking of moving to Canada from Hong Kong, ensure you list all assets at their Fair Market Value as this will be your new cost basis. Get professional tax help before making the move.

Are you now working from home? Might be a good time to discuss with your employer about having them sign off on a form T2200.

Additional funds available for small to mid size businesses in Japan.

Wage Subsidy program in Canada to be extended beyond June.

Was expecting a much higher number. However, these figures don't factor the companies that just packed up shop and walked away without actually going through the expensive process of filing for bankruptcy.

Kudos to the CRA tech team for having their website up and running.

The application is straightforward. 3-4 check the box and instant approval.

Some changes for 2020.

the first $15k tax free for Canadians!

If you are an American citizen or green card holder living in Canada, best you start filing your FBAR as well as your U.S. Tax returns.

This has been long overdue in Japan.

Learn more about Child Benefit credit for Canadian families.

Complaints against the CRA are up! People complaining against delays in processing. The CRA needs to get on top of this quickly. It's getting ridiculous!

Some big changes for Canadians this year. Many of the credits claimed in the past are gone! Expecting a refund? Might be more difficult than previous years.Not to mention the CRA beefing up their auditing department.

Any friends/family or exes working for the CRA? Be careful.

Hey Canadians! Have offshore assets more than $100,000 ? Best to declare.

You have until April 30th Canadians to file your 2019 Personal Income Taxes with the CRA

A few changes in the pipeline.

It's Kick Off Time! You have now until April 30th, 2019 to file your taxes.

CRA taking aggressive measures to track down house flippers.

The scammers are posing as representatives from Canada Revenue Agency.

How much was your tax refund this year?

Make sure to file your GST!

In case you missed it!

Watch out for the latest scam.

File Your Taxes or Lose Your Passport!

Have you checked this out?

The Silent Stalker! We all know that one person who never posts, likes or comments but knows your every move. And probably has a landscape as their profile pic. Well, you can now include the CRA as one of the them.

"Near the end of October, the Internal Revenue Service (IRS) announced it had collected more than $10 billion from 100,000 taxpayers. The money had rolled in thanks to the Offshore Voluntary Compliance Program (OVDP) and the Streamlined Filing Compliance Procedure which allows taxpayers with undeclared income and assets outside of the country to get into compliance before the IRS finds them."

Nothing surprising. Pay zero tax or pay marginal rates on 50% of the gain! Bound to be a few trying to cheat the system.

You've been warned about CRA scams. Check out the video.

16 year old Penny Oleksiak will need to file and more than likely pay taxes next year.

Here is what you need to know for the CPP changes.