Tax Tip:TAX TICKLERS some quick points to consider

  • Timing and amounts of various payments and benefits, such as the Canada Child Benefit, can be obtained by calling the CRA TIPS line at 1-800-267- 6999.
  • In the summer of 2016, CRA commenced a project to examine taxpayers holding expensive properties in Vancouver where only low amounts of income were reported. The goal of the project was to identify unreported worldwide income, property flipping, underreporting of capital gains on sales, and underreporting GST on sales of new homes.
  • For the 2015 and subsequent tax years, envelopes for church offerings used as source documents should be retained for at least six years after the end of the year to which it relates.
  • The CRA Serving You Better consultation campaign for small and medium- sized business has just kicked off. Have your say by submitting feedback to www.cra-engage-arc.ca/en.