WebReport business income and expenses Completing Form T2125 Line 8860 – Professional fees (includes legal and accounting fees) Deduct the fees you incurred for external professional advice or services, including consulting fees. You can deduct accounting and legal fees you incur to get advice and help with keeping your records. WebApr 12, 2024 · With the tax deadline just a few weeks away, more than 35,000 CRA employees, represented by the Public Service Alliance of Canada–Union of Taxation Employees (PSAC-UTE), are in a legal strike position as of April 14, 2024. Why is the CRA striking? Workers are seeking higher wages and more job security, as their contract is up …
Small firms, tax professionals believe CRA has got worse
WebAug 24, 2024 · The Community Reinvestment Act (CRA), enacted in 1977, requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods. Banking Regulators for the CRA Web1 day ago · By Jean Dondo. A recent survey by the Canadian Federation of Independent Business reveals that small firms and tax professionals view the Canada Revenue … simply southern decor dalton ga
CRA child benefit clawbacks come as surprise to some low-income …
WebSummary of business or professional income types, industry codes, capital cost allowance, and expenses. Industry codes Find the industry code for your main business activity. Business or professional income types Report income from farming, fishing, … Web3% of your net income ( line 23600) or $2,479 Step 3 Subtract the amount of step 2 from the amount on line 33099, and enter the result on the following line of your tax return (Step 5 – Federal tax). Step 4 Claim the corresponding provincial or territorial tax credits for individuals on line 58689 of your provincial or territorial Form 428. WebApr 10, 2024 · The CRA reassessed his tax owing for 2009 through 2012. The CRA has come under fire from many in the investment community for not providing clear rules … ray white bayswater victoria