MVO Chartered Professional Accountants
424 7th Street South, Suite 200 T1J2G6 Lethbridge, AB, Canada

Covid - 19 updates

Great new clients who receive this benefit

https://www.fin.gc.ca/n18/18-125-eng.asp

What are your obligations? You are responsible for deducting and remitting non-resident tax if you are: a Canadian resident who pays or credits certain types of income to a non-resident of Canada an agent or someone who receives certain types of income on behalf of a non-resident of Canada, from which tax was not withheld... a non-resident of Canada who receives certain types of income from a Canadian source, from which tax was not withheld Failing to deduct and remit non-resident tax on these payments may result in penalties and interest. Open a non-resident tax account! It’s now easy and convenient to open a non-resident tax account! Our new online registration tool simplifies the process of getting an account so you can deduct and remit the correct amount of non-resident tax. You can access the new registration tool and open a non-resident tax account through any of the Canada Revenue Agency (CRA) online portals, including: My Account My Business Account Represent a Client Who is a non-resident? A non-resident is someone who: normally, customarily, or routinely lives in another country and is not considered a resident of Canada; or does not have significant residential ties in Canada; and lives outside of Canada throughout the tax year; or stays in Canada for less than 183 days in the fiscal year. Common types of income subject to non-resident tax The most common types of income subject to non-resident tax are: Pension plan and Old Age Security (OAS) payments Registered Retirement Savings Plan (RRSP) and Registered Retirement Income Fund (RRIF) payments Rental and royalty payments Annuity payments Trust payments Dividend payments

http://www.cbc.ca//politics/tax-evasion-banks-cra-1.4209208

Need an easy way to keep track of your kilometers for your business, trying Mile IQ https://www.mileiq.com//bl/mileiq-canada-mileage-tracking/ Download it from your app store and get tracking!!

From the CRA website today Notice Service temporarily unavailable Ensuring that your personal information is not compromised is a priority for us. Upon becoming aware of an internet vulnerability that affects some computer servers used by websites worldwide, we took down our online services, including electronic filing, and are taking steps to ensure that all information and systems remain safe.... At this time, we are not aware that any personal information has been affected; however, we continue to assess and remedy the situation. You can still complete your tax forms, but will have to wait before filing. We are working to bring our online services back up as soon as possible. Updates will be posted as they become available. Thank you for your patience. See more

Needs ideas on how to keep track of business mileage. Tracking by paper is just too much work? Try this app on your phone or tablet.

Tax Filers beware

Just one of the many changes this year

Lethbridge Police Warning Residents of Local Tax Scam #YQL

We have 4 FREE flames tickets for tonights game against Buffalo Sabres. If you want them, call Lori at 403-328-8383 right away. They're first come first serve!!

We have 4 tickets to tonight's Flames games to give away. You want them, call Lori at office 403-328-8383 Don't wait, there they will go quickly!!

Harper Government cracks down on international tax evasion and aggressive tax avoidance with launch of Electronic Funds Transfer Initiative January 7, 2015 - Ottawa, Ontario - Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, today announced the launch of the Canada Revenue Agency’s (CRA) Electronic Funds Transfer (EFT) initiative, introduced in Economic Action Plan 2013 as one of several new measures to crack down on...Continue reading

Beware of telephone and email scams Ottawa, Ontario, March 7, 2014... The Canada Revenue Agency (CRA) warns all taxpayers to beware of telephone calls or emails that claim to be from the CRA but are not. These are phishing and other fraudulent scams that could result in identity and financial theft. People should be especially aware of phishing scams asking for information such as credit card, bank account, and passport numbers. The CRA would never ask for this type informati...Continue reading