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CRA Newsroom

Interest rates for the fourth 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. These rates will be in effect from O…

Back to school tax tips for parents

It’s that time of the year again: summer is over and your kids have gone back to school or daycare—expenses are adding up! Luckily, there are a few things you can do now to potentially get money back when you file your tax return.

Benefits being reviewed? Here’s what you need to know

How will I know my benefits are being reviewed? You’ll get a letter and questionnaire from us. This letter will ask you to provide information so we can check to make sure the benefits or credits you’re receiving are correct.

Improving services for businesses

June is a busy time in the tax year for Canadian businesses. A high volume of Canadian corporations are expected to file T2 corporate returns this month. The CRA is working to reduce the time and effort it takes for businesses to manage…