Starting today, the Canada Revenue Agency (CRA) and the Workplace Safety and Insurance Board (WSIB) are giving Ontario businesses a new option to pay their WSIB premiums. Ontario businesses with a business number can now report their insurable earnings and make WSIB account payments through their CRA My Business Account. Businesses can now take advantage of this quick and secure service to easily pay their WSIB premiums using pre-authorized debit.

We know how fast a Canada summer can pass us by, so we wanted to let you know about the Canada Revenue Agency (CRA)’s good news before you head off-grid to enjoy all of the natural wonders Canada has to offer!

Whether you already receive benefits and credits from the CRA, or not yet, we want you to know what’s new and what’s being updated this month since it might impact you!

This July will be exceptionally busy for CRA benefits and credits. We are offering new payments that you may be eligible for and adjusting existing amounts for the new benefit year!

The Canada Revenue Agency (CRA) has made it faster and easier than ever for persons with disabilities and their medical practitioners to complete the Disability Tax Credit (DTC) application form, by introducing a new fully digital application process.

The Canada Revenue Agency (CRA) is here to support you and your business in meeting your tax obligations.

If you are a self-employed individual, or if your spouse or common-law partner is self-employed, you have until June 15, 2023, to file your 2022 income tax and benefit return.

In light of the recent forest fires and other climate issues, here is a special note on requesting taxpayer relief after an adverse weather event…

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.

If you're self-employed, we understand that navigating your tax obligations may seem complicated. But don't worry! The Canada Revenue Agency (CRA) is focused on supporting you. To get ready for tax-filing season, we've put together helpful tips and information for self-employed individuals.

If you permanently lived in a prescribed northern zone (Zone A) or a prescribed intermediate zone (Zone B) for a continuous period of at least six consecutive months beginning or ending in the tax year, you may be eligible to claim the northern residents deductions on your income tax and benefit return. If you are eligible, these deductions will reduce the amount of income you pay tax on.

Millions of Canadians file their income tax and benefit returns every year. For the 2022 tax-filing season, Canadians filed approximately 31 million returns and 92% of them were filed electronically. Also, there were over 17 million refunds processed, resulting in a total amount of $37 billion!

We know that having the information you need on hand makes filing easier. Below, you’ll find what you need to know for this year, including what’s new.

The Canada Revenue Agency (CRA) has resumed efforts to recover taxpayers' debt. One of the tools the CRA uses to recover debt is called offsetting. Offsetting proactively applies tax refunds and benefit payments (such as the GST/HST credit) to tax debts and other government debts. To learn more about how government payments can be applied to specific debts, go to canada.ca/balance-owing.

Debt recovery is ongoing and will impact upcoming benefit and credit payments, including:

• the goods and services tax / harmonized sales tax credit (GST/HST credit) issued on April 5

• the Ontario trillium benefit issued on April 6.

What is the gig economy?

The gig economy is based on temporary and freelance work, or short-term contracts. As a gig worker, your contract services may range from a small task to a highly specialized service. If you are connecting with clients through online platforms or applications (apps) such as Clickworker, Crowdsource, Fiverr, Uber Eats or Skip the Dishes to provide them with your services, you are typically considered to be self-employed instead of an employee for tax purposes. Your work may be carried out anywhere, as online platforms can connect businesses and independent contractors from all over the world.

The Canada Revenue Agency (CRA) understands that there are unique challenges for affected owners in the first year of the Underused Housing Tax Act (UHTA) administration.

To provide more time for affected owners to take necessary actions to comply, the Minister of National Revenue is providing transitional relief to affected owners. The application of penalties and interest under the UHTA for the 2022 calendar year will be waived for any late-filed underused housing tax (UHT) return and for any late-paid UHT payable, provided the return is filed or the UHT is paid by October 31, 2023.

It’s important to do your taxes on time to make sure you get all the benefits and credits you’re entitled to. If you have a modest income and a simple tax situation, you could be eligible for free help. Volunteers from the Community Volunteer Income Tax Program may be able to complete your income tax and benefit return for you – for free!

What is a peer-to-peer sale?

A peer-to-peer (P2P) transaction involves the selling of goods from one person or party directly to another. You may be taking part in P2P selling if you are connecting with buyers through digital platforms like websites, online marketplaces or mobile applications (such as Etsy, eBay or Amazon).

The Canada Revenue Agency would like to remind you that it resumed its activities aimed at offsetting taxpayers' debt last October. Offsetting involves proactively applying tax refunds and benefit payments (such as the GST/HST credit) to tax and other government debts.

The CRA want to help you get the benefits and credits you are entitled to. To make sure you continue getting your benefit and credit payments, you, and your spouse or common-law partner, need to file your taxes. This is true even if your income is tax exempt under section 87 of the Indian Act or you had no income at all. Here are a few tips to help you.

What is the sharing economy?

In the sharing economy, individuals and businesses share their assets with others for a price. Arrangements are generally made using online platforms through a third party, or using a website or an application (app).

The sharing economy can take a variety of forms, such as:

• Transportation: ridesharing, rentals of bikes, boats, other motor equipment

• Accommodation sharing: renting out your home, rooms, cottage and more

• Space rentals: industrial kitchens, gardens, parking spots, workspaces, or laboratories