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Mar
08

Due Diligence and Charity Fraud

According to a recent article by Dean DiSpalatro, “Charity Fraud Concerns Abound,” of www.advisor.ca, concerns over charity fraud in Canada have increased.  The article mentioned that an Angus Reid survey commissioned by Capitol One and CanadaHelps shows that 65% of Canadians are worried about charity fraud, a 14% increase from 2009. Because of fears of fraudulent charities, 53% of the survey’s respondents have said that they are less than likely to donate to charity.  Meanwhile, the survey said that 41% do not take the simple steps to verify that a charity is registered, ask for identification from the solicitor or visit...
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Mar
02

Tax Tips - Tax Filing in the 21st Century, Part 2

There was a time that you had to write a letter to the CRA informing them of changes to your personal information, send it to your tax centre and wait a few weeks for them to process your request.  While you can still do it the old fashioned way, the CRA also offers you the option of changing your address as well as other basic services online using their My Account service.Please note that if you signed up on to My Account before October 2010, you would have to create a new one as all ID’s and passwords expired last October 4, 2010.As...
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Feb
28

Tax Tips - Tax Filing in the 21st Century, Part 1

Technological advancements in the 21st century has drastically changed the way we live and do things.  It seems that the internet has made anything and everything fast and easy, whether you are banking, shopping or investing.  You can certainly find all sorts of helpful information and tools online for everything and anything nowadays.This is also true for the way we file our taxes. More and more people prefer to use Canada Revenue Agency’s electronic services to file tax returns and pay for taxes owing.  So if you are one of these people, you might want to check the electronic services that...
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Feb
23

T4 Web forms service now available for business filers

The CRA recently announced that business filers can now electronically file up to six T4 slips using their T4 Web forms service. We are posting this recent CRA announcement for the benefit of all the business filers. Important facts Simple – This online, interactive service eliminates the need to send paper copies of your T4 slips to the CRA by allowing you to file them online at www.cra-arc.gc.ca/esrvc-srvce/rf/t4-wbfrms/menu-eng.html Fast – No software required. All you do is enter the data for your employee(s) onto the online slips. Complete and secure – The T4 Web forms online service will let you: file original, additional, amended, and cancelled slips...
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The KD Blog