Cryptocurrencies are commonly acquired in two ways: bought through a cryptocurrency exchange earned through mining Mining involves using...

Generally, if disposing of cryptocurrency is part of a business, the profits you make on the disposition or sale are considered business...

The income you get from disposing of cryptocurrency may be considered business income or a capital gain. In order to report it correctly,...

You may live in a prescribed zone and be eligible to claim these deductions. To find out, visit Line 25500 - Places located in prescribed...

To support teachers and early childhood educators in Canada, the government proposes to expand and enrich the Eligible Educator School...

The definition of zero-emission vehicle has changed for vehicles acquired after March 1, 2020. A vehicle may still qualify as a...

You may be eligible to claim a deduction of up to $500 annually for home office expenses in the 2021 tax year using the temporary flat...

The Government of Canada has announced its intention to deliver the Climate action incentive (CAI) as a quarterly benefit payment. If you...

Last year, Canadians filed almost 31 million income tax and benefit returns. Having the information you need on hand to file your return...

Budget 2021 proposes to amend the Income Tax Regulations to allow issuers of T4A (Statement of Pension, Retirement, Annuity and Other...

Budget 2021 proposes to change the default method of correspondence for businesses that use the CRA’s My Business Account portal to...

Notices of Assessment Budget 2021 proposes to amend the Income Tax Act to provide the CRA with the ability to send certain notices of...

As you are undoubtedly aware, MFA now applies to all Representatives. If you have not yet registered for the MFA system, you will be...

The temporary flat rate method simplifies your claim for home office expenses. You are eligible to use this method if you worked more...

Disposing of cryptocurrencies You may sell your cryptocurrency for a profit or loss. When you sell your cryptocurrency, this is called...

You should find out about your tax obligations to see if you need to file an income tax and benefit return. Filing a return is the only...

By filing a return, you may be eligible for one or more of the following: Canada child benefit is a tax-free monthly payment for families...

You can easily change your address using My Account or the MyCRA mobile web app. You can also change your address: by mail or fax through...

To report payments received in error or fraudulent activity related to COVID-19 benefits, please contact us as soon as possible. These...

If you received COVID-19 benefits in 2021, these are considered taxable income. This means you will need to enter the total amount you...