Under Canada’s Business Accounts program, business owner will be capable of paying online taxes for the first time through the platform from October. From October 2014, it will also be feasible for taxpayers to find a way in detailed payment history for all their accounts. The CRA has initiated services for allowing corporations to file amended Income Tax Returns (T2) by using commercial tax preparation software, and allow taxpayer representatives to submit an authorization request in favor of the businesses they stand for. Proposals for revising remittance thresholds for employer source deductions, wished for reducing the maximum number of payments that businesses are included in the Budget 2014 and it is needed to prepare and submit to the CRA.
Related Posts
Canada: Spring Economic Update 2026 receives Royal Assent
Canada’s Department of Finance announced that Bill C‑30, An Act to implement certain provisions of the Spring Economic Update tabled in Parliament on 28 April 2026, has received Royal Assent on 19 June 2026. It delivers targeted measures to
Read More
Canada looks to bilateral trade deals amid CUSMA extension effort
Canada is preparing to pursue bilateral trade agreements with the US alongside the review of the Canada-United States-Mexico Agreement (CUSMA), Trade Minister Dominic LeBlanc said on Thursday, 11 June 2026. Speaking at a conference in Toronto,
Read MoreCanada to extend steel, aluminium tariff measures to support businesses
Canada’s Minister of Finance and National Revenue has announced, on 3 June 2026, that the government will be extending key steel and aluminium tariff measures for one year. Subject to approval by the Governor in Council, Canada will extend its
Read MoreCanada: CRA releases updated 2025 corporate income tax guide
The Canadian Revenue Agency (CRA) has issued an updated corporate income tax guide for tax year 2025 on 28 May 2026. The guide covers the following: Accelerated capital cost allowance (CCA) for liquefied natural gas (LNG) facilities The
Read MoreAustralia, Canada tax treaty negotiations set to begin
Canada’s Department of Finance announced on 12 May 2026 that discussions will begin next month to modernise the income tax agreement between Canada and Australia. The current treaty, originally established in 1980, has been modified twice through
Read MoreCanada: Quebec to increase small business deduction rate, reduce small business tax rate
Quebec tax authority, Revenu Quebec, announced, on 4 May 2026, an increase in the small business deduction rate and a reduction in the small business tax rate for taxation years beginning after 29 April 2026. Under certain conditions, a
Read More