Bcalm Bookkeeping

Canada workers benefit advance payment will be issued today, This payment amount is based on the information from your 2019 tax return if it has been filed and assessed.

The Canada Revenue Agency (CRA) will issue the next GST/HST credit payments on October 5, 2020. This payment amount is based on the information from your 2019 tax return if it has been filed and assessed. If your 2019 tax return was not filed and assessed by early September 2020, you will not receive a payment on October 5, 2020 and you might have to repay the estimated GST/HST credit amount issued to you in July 2020.

T3010 filing deadline extended for charities Extended to December 31, 2020 for all charities with a Form T3010, Registered Charity Information Return due between, March 18, 2020 and December 31, 2020.

Warning: Watch out for bad-debt tax schemes! 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 tax write-off by claiming a bad-debt deduction. Please let me know if you would like more info!

As part of an educational campaign by the Processing Review Program, educational letters have been sent to some taxpayers who may have claimed certain tax credits or deductions on their income tax return. The letters are intended to educate the taxpayers on how to: claim an amount for a specific credit or deduction support their claim, if their return is selected for review in the future... ask for an adjustment to their return, if they want to change their claim See more

T3010 filing deadline extended for charities Extended to December 31, 2020 for all charities with a Form T3010, Registered Charity Information Return due between, March 18, 2020 and December 31, 2020.

CRA is doing AUDITS They are also focusing on: higher dollar audits first... audits close to completion audits with a strategic importance to the Government of Canada, provinces and territories, or our tax treaty partners efforts to combat suspected fraud and other criminal activity Beginning in September, the CRA's small and medium business audits will focus on: addressing complex and aggressive tax planning arrangements using partnerships and trusts by sophisticated and high income earners Audits in the real estate sector aim to combat offensive non-compliance prevalent in Vancouver and Toronto areas.

Extension to the payment deadline for 2019 income tax returns. The CRA has extended the payment due date for current year individual, corporate, and trust income tax returns, including instalment payments, from September 1, 2020, to September 30, 2020. Penalties and interest will not be charged if payments are made by the extended deadline of September 30, 2020. This includes the late-filing penalty as long as the return is filed by September 30, 2020.

Outreach activities will continue but will follow physical distancing guidelines when necessary. Some of these activities include: free virtual tax clinics meetings with our outreach officers the Charities Education Program (CEP)... You can request a CRA outreach session. Traditionally available in-person, our outreach sessions are now available over the phone, where possible by completing an online request for an information session. You may also receive a call from the CRA for a CEP virtual visit. ( Link Below for more information) https://www.canada.ca//c/charities-education-program.html

Charities and giving - What's new Starting in September, the following CRA programs will be resuming additional business activities, which may affect your charity or organization: Charity registration applications... The CRA is ramping up the review of charity registration applications. Before applying, organizations seeking to provide pandemic relief programs should consider donating or offering services to existing registered charities that have the experience, resources, and infrastructure already in place to respond to the needs of Canadians. However, if an organization wants to apply for registered charity status in order to respond to the pandemic, we ask that these organizations apply online for registered charity status.

The Canada Revenue Agency is resuming additional activities in September: What charities need to know Due to the Government's ongoing efforts to support Canadians through the COVID-19 pandemic, the Canada Revenue Agency (CRA) suspended many audit, collections and compliance activities, and committed to resuming them in a thoughtful and phased manner. The CRA is now gradually resuming additional activities, and may need to contact Canadian charities with a specific call to act...ion. However, you should be aware of scammers pretending to be CRA employees. They often call Canadians to try to trick them into paying fake debts, and may even contact you by email, letter, or text message. To protect yourself from scams, it's important to know when and how the CRA might contact you. Here is some information on the CRA's activities that are resuming and tips on how to recognize when the CRA is trying to contact you and your organization.

Hey everyone, the CRA is opening up again and Audits are coming down the Pipe be aware!! https://www.canada.ca//canada-revenue-agency-resuming-addi

The Canada Revenue Agency (CRA) will issue the next Canada child benefit (CCB) payments on September 18, 2020. If you have not received your CCB payment by September 25, 2020, you may want to check on its status via My Account or MyBenefits CRA mobile app. Please note that the CRA cannot provide any new information before this date. The payment amount is based on the information from your 2019 tax return if it has been filed and assessed by early September. Otherwise, the payment amount is based on the information from your 2018 tax return.

https://open.spotify.com/episode/36nKUp593GXvQClsJ9idBd Changes happening - this is a great podcast - 20 min and you get all the info on CERB ending and new programs starting