Tax Doctors Canada Tax News And Information

The Canada Revenue Agency has two major tools when it comes to reassessing the income tax returns of Canadian individuals and businesses; a 'tax audit' is one of those procedures. As a Canadian taxpayer, it is important to understand how tax audits work and how you should respond if you are selected for a tax audit.

Making a charitable donation can leave more money in your pocket as a result of the 2013 Budget.  For first-time donors, the 2013 Budget introduced a temporary supplement to the existing non-refundable tax credit for charitable donations by individuals. The new credit can be claimed once from the 2013 to 2017 taxation years.