July 2025 Payroll Deductions Update
As we move into the second half of 2025, both employers and employees should be aware of important updates to payroll deductions that will take effect starting July 1, 2025. … Read more
CPA4IT Professional Corporation
Strength in Partnership: How CPA4IT and Acsess Are Protecting the Future of Independent Contractors
In the ever-evolving world of independent contracting, especially within the professional services sector, staying compliant with tax and employment laws is both crucial and complex. With the increasing scrutiny from … Read more
What Is T1135 Foreign Income Verification Statement?
Canadian residents must file Form T1135 (Foreign Income Verification Statement) if, at any point during the year, they own specified foreign property whose total cost exceeds CAD $100,000. Whether a particular piece … Read more
What’s New For Personal Taxes 2025?
This blog will discuss everything new for the 2025 Personal Tax Season. It is understandable that tax payers have many questions on new tax rules, changes in CRA e‑filing processes, … Read more
Navigating the CRA’s Autofill Issues This Tax Season: Why Hiring A Professional Is Your Best Ally
Tax season can be stressful even in the best of times, but this year has introduced a new twist: issues with the Canada Revenue Agency’s (CRA) online portal and the … Read more
CRA Advises Delaying Personal Tax Return IF You Have Capital Gains
The 2025 tax season has begun, but the Canada Revenue Agency (CRA) is advising Canadians who reported capital gains last year to hold off on filing their personal tax returns … Read more
Canada Capital Gains Tax Changes Deferred Till 2026
In a significant policy shift, the Canadian government has announced a delay in implementing its proposed changes to the capital gains tax. Initially set to take effect on June 25, … Read more
New CRA Guidelines for Remote Workers: Navigating the Changes in Province of Employment and Tax Implications for 2025
The Canada Revenue Agency (CRA) has recently introduced a significant policy update that redefines how the province of employment (POE) is determined for remote workers, effective January 1, 2025. This … Read more
Affected by Bench’s shutdown? – CPA4IT has your back
The recent shut down of Bench Accounting has undoubtedly left thousands of small business owners scrambling to find a new bookkeeping service. If you’re one of the affected business owners, … Read more
Open AI’s Sora – Everything You Need To Know
OpenAI’s video generation tool – Sora is finally available for the public to use! As the newest addition to OpenAI’s suite of generative models, which includes the likes of ChatGPT … Read more