If you are an employer and offer taxable benefits to your employees or workers, please review the January 1, 2023, updates to taxable benefits policies on gifts, awards, long-service awards, social events, hospitality functions, and parking. A summary is provided below…

Is your business doing research and development (R&D) work in Canada? Getting all of the Scientific Research and Experimental Development (SR&ED) tax incentives to which your business may be entitled is not only top of mind for you, but for the Canada Revenue Agency (CRA) as well.

Here are answers to more of your top business tax information questions

If you need to change your income tax and benefit return, you can do so at any time. We suggest you wait until you receive your notice of assessment (NOA) before making a change to your return. There may be delays in some taxpayers receiving a paper NOA. This will not affect you receiving your refund. In the absence of a paper NOA, you can access a copy in My Account.

CRA digital services make handling your business’s tax matters faster and easier. You and your authorized employees and representatives can file, pay and access detailed information about your tax accounts. Here is information about the CRA’s most used digital services, as well as information on how to find the rest.