Payroll: How to set up a pre-authorized agreement for payroll

Pre-authorized debit (PAD) is a secure, online self-service payment option for individuals and businesses to pay source remittances. You set the payment amount and authorize the Canada Revenue Agency (CRA) to withdraw it from your Canadian chequing account on the … Read More

RESP – definition, contribution room and deadlines

What is an RESP? A registered education savings plan (RESP) is a contract between an individual (the subscriber (usually a parent)) and a person or organization (the promoter). Under the contract, the subscriber names one or more beneficiaries (the future … Read More

How to organize your documents

Wherever the documents are stored, it is important to keep them organized and up-to-date. The goal of electronic file management is to ensure that you can find what you’re looking for, even if you’re looking for it years after its … Read More

Home office expenses

There are two types of home office expenses that can be claimed: Home office expenses as a salaried employee or commission employee Business-use-of-home expenses for self-employed Home Office Expenses As an employee, you may be able to claim certain home … Read More

Payroll: How to report a nil remittance

If no employment wages were paid during the period,  you can use the following instructions to report a nil remittance: online by calling the automated TeleReply service at 1-800-959-2256. by mail If the employment wages were paid during the period, … Read More

How to change your business address with the Canada Revenue Agency (CRA)

The Canada Revenue Agency (CRA) requests notice of a change of address as soon as possible. You can update your address using one of the following options: Online: Change your address online immediately using CRA My Account By calling 1-800-959-5525 … Read More

How to make a payment for Canada child benefit

  How would you like to pay? directly on CRA’s website (payment processed on the same day) TD Bank RBC Bank CIBC BMO Scotia Bank Do you also have to make a payment for any of the following? GST/HST credit … Read More

How to make a payment for Ontario credits

Ontario credits include the Ontario trillium benefit, the Ontario sales tax credit, the Ontario senior homeowners’ property tax grant, the Ontario energy and property tax credit, and the Northern Ontario energy credit   How would you like to pay? directly … Read More

How to make a GST/HST credit payment

How would you like to pay? directly on CRA’s website (payment processed on the same day) TD Bank RBC Bank CIBC BMO Scotia Bank Do you also have to make a payment for any of the following? Ontario Credits repayment … Read More