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CRA Newsroom

Interest rates for the third calendar quarter

The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations.

Businesses: Watch out for Canada Emergency Wage Subsidy tax schemes

The Canada Revenue Agency (CRA) is providing Canadian businesses with important information to protect their business from tax schemes where individuals, including some promoters, tax representatives and tax preparers may be falsely submitting …

Warning: Watch out for straddle-loss schemes

The Canada Revenue Agency (CRA) is warning Canadians about getting involved in tax schemes. Promoters, including some representatives, tax preparers and investment professionals, are encouraging their clients to participate in “straddle” scheme…

How to change your income tax return after you file it

If you think that the income tax and benefit return you filed for the 2020 tax year is missing important details such as the Home office expenses for employees or you made a mistake, you don’t need to file a new return. Here’s what you can do i…

What to do if you can’t pay your taxes

If you are struggling with your tax payments, you can work with the Canada Revenue Agency (CRA) to find ways to pay your tax debt based on your financial situation. Let us help you.