New Westminster Residents Targeted in CRA-Related Scam

A new CRA scam is on the rise around New Westminster. According to the NWPD, two people have fallen victim to this scam, costing them $23,000 and $1,600. The victims said they received calls from scammers claiming to be from the New Westminster Police Department and the Canada Revenue Agency,…

StatCan: Canada’s Economy Took a Record-Breaking Fall

Canada’s real GDP fell by an historic 11.6% in April following a 7.5% drop in March, according to a recent report from Statistics Canada. As many “non-essential” businesses resumed operations in May, the agency is expecting the economy to have rebounded by 3% that month. StatCan will release the final…

CRA Changes Deadlines for Trust and Corporate Filing

The Canada Revenue Agency has extend the deadlines for some corporate and trust filings. The move is intended to assist businesses and tax professionals who have been affected by the COVID-19 pandemic. Businesses are now permitted to defer their T2 corporation income tax returns to September 1st, 2020. Any income…

COVID-19 Tax Scammers Targeting Canadians

The Canada Revenue Agency is warning of a rise in scams that take advantage of the confusion related to COVID-19 relief measures. “With the launch of (Emergency Response Benefit – CERB), we have seen scammers seek to prey on Canadians’ anxieties during this time of crisis,” said CRA spokesperson Etienne…

Canada’s Inflation Rate Falls Along With Gas Prices

As gas prices plummeted in March, Canada’s annual inflation rate also fell to its lowest point in nearly five years. On a year-over-year basis, energy costs dropped 11.6% in March – the largest one-month fall since November of 2008. Moreover, gas prices last month were 21.2% lower than they were…

Government Extends Tax Deadline in Response COVID-19 Pandemic

The federal government has announced that Canadians will have extra time to file and pay their taxes this year. In response to the COVID-19 pandemic, the tax filing date has been postponed to June 1 for individuals. The deadline for trusts has been moved to May 1. The Canada Revenue…

Canadians Finding Unclaimed Cheques on Canada Revenue Agency Website

Many Canadians are finding uncashed government cheques worth hundreds – and in some cases thousands – of dollars through a little-known feature on the CRA website. The CRA recently introduced a tool in the My Account portal that allows users to collect and cash in on any unclaimed cheques, dating…

New Wave of CRA Phone Scams Reported

The Ontario Provincial Police (OPP) at West Parry Sound have obtained numerous complaints from locals concerning a Canada Revenue Agency (CRA) scam that is said to have occurred recently. The complainants stated that they were contacted by a caller claiming to be from the CRA. The caller asserted that they…