by Mason Twitchett | Dec 18, 2018 | 2018, Canada Revenue Agency, Income Tax Penalties & Interest, Income Tax Preparation, Reid Financial Strategies Inc, Tax Planning, Taxes
2018 Year-end Tax Tips With the New Year upon us, there is only a little time left to take advantage of tax strategies that can save you money. In this article, we will discuss strategies that can help small businesses minimize their tax liability. In addition, we...
by Mason Twitchett | Oct 5, 2018 | Canada Revenue Agency, Reid Financial Strategies Inc, Tax Scam, Taxes
Have you been targeted by the CRA phone scam? You may receive a phone call that plays a recording that directs you to a live “agent” in another country. The recording threatens there may be legal action if you do not make payment. Once the live fraudster...
by Mason Twitchett | Jul 4, 2018 | Income Tax Penalties & Interest, Late Income Tax Filing
Have you filed your income tax up to date? The due date was April 30th for individuals and June 15th for business owners and professionals. There are downsides to not filing your taxes by the due date, including penalties, missed credit and benefit payments and more....
by Mason Twitchett | Jun 22, 2018 | Canada Revenue Agency, Income Tax Adjustments, Income Tax Preparation, Taxes
Processing Times Processing times at CRA tax centres started to increase in November 2016 when Revenue Minister, Diane Lebouthillier, announced a major restructuring that was intended to streamline tax return processing and taxpayer-filed adjustments. Unfortunately...