Are you up to date on the latest tax changes?

By  External Author |   | Posted in " Ontario, Bookkeeping services, Corporate tax return services, London, Payroll services, Personal tax return services, Professional Accountant, Tax consultant, Tax return preparation services "

Every year brings its share of tax updates and 2021 was no different. Here are some of the main administrative and legislative changes to keep in mind as we move into busy season. 

To improve the Canada Revenue Agency’s ability to operate digitally, the 2021 budget included proposals that would significantly change how it communicates with taxpayers and their advisers. These include changes that will allow the CRA to send notices of assessment electronically for individuals who file their T1 return electronically and for those who employ the services of a tax preparer that files their T1 electronically.

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Original Article Source Credits: CPA, https://www.cpacanada.ca


Original Article Posted on: 1.31.2022

Link to Original Article: https://www.cpacanada.ca/en/news/canada/2022-01-31-tax-updates