Archive for Category: Tax Returns

Man in a suit at a desk typing on a keyboard with a tax form on the monitor screen

What is the EFILE Program? Eligibility, Requirements, Obligations, and Revoking of Registration: A Guide for Accountants & Tax Preparers

What is EFILE, and which accounting firms, accountants are eligible to participate? EFILE is an electronic service that allows tax preparation service providers in Canada to file their clients’ tax returns with the Canada Revenue Agency (CRA) directly from their tax preparation software. To participate in the EFILE program, the...

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Foreign Property Reporting Requirements and PayPal Accounts: A Canadian Tax Lawyer’s Guide

Introduction – Digital Payment Services and Financial Reporting Obligations Digital payment services like those offered by PayPal, which are used to facilitate money transfers domestically and internationally, are now well-integrated into our personal and professional lives. Whether your PayPal account is used for genuine commercial purposes, however, or for...

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T1134 CANADIAN INCOME TAX FORM: TORONTO TAX LAWYER’S GUIDE

T1134 Canadian Income Tax Form: Toronto Tax Lawyer’s Guide

T1134 Form – Introduction by Toronto Tax Lawyer The Canadian Income Tax Act levies income tax on the worldwide income of resident Canadians. Multinational business structures are efficient, from both an operational and financial standpoint, and are often necessary in order to transact with certain entities located outside Canada. However,...

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