Search - 广东省2025政府工作报告 一小发展 金句
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Current CRA website
What's new for 2024
For a complete list of changes, go to Line 41700 – Minimum tax. To calculate your federal tax payable under AMT for 2024, see Form T691, Alternative Minimum Tax. Canada child benefit (CCB) Starting in 2025, eligibility for the CCB will be extended for six months after a child's death if the individual claiming the CCB for that child is otherwise eligible. ... In addition, temporary repayment relief was introduced to defer the start of the 15-year repayment period by an additional three years for participants making a first withdrawal between January 1, 2022, and December 31, 2025. ...
Current CRA website
Annex: Summary of the assessment of effectiveness of the system of internal control over financial reporting and the action plan of the Canada Revenue Agency
Allowance for Doubtful Accounts / Write-Offs Operating effectiveness testing was completed to assess controls surrounding the estimation of allowance for doubtful accounts as well as the processing of general write-offs and bankruptcy write offs. ... Information Technology General Controls – Individuals and Trusts Operating effectiveness testing was completed to assess controls related to incident and change management. ... Status and action plan for the next fiscal year and subsequent years: Administered Activities Program Areas Design effectiveness testing Operational effectiveness testing Ongoing monitoring testing Note 1 Goods and Services Tax and Harmonized Sales Tax Completed Completed Fiscal year 2023 to 2024 Excise Taxes and Duties Completed Completed Fiscal year 2023 to 2024 Trust Income Tax Completed Completed Fiscal year 2023 to 2024 Information Technology General Controls Note 2 Completed Completed Fiscal year 2023 to 2024 Common Tax Program Controls Note 3 Completed Completed Fiscal year 2023 to 2024 Benefits Completed Completed Fiscal year 2024 to 2025 Disbursements Completed Completed Fiscal year 2024 to 2025 Corporation Income Tax Completed Completed Fiscal year 2025 to 2026 Individual Income Tax Completed Completed Future years Unapplied Taxes (Source Deductions) Completed Completed Future years Revenue Processing Completed Completed Future years Allowance for Doubtful Accounts / Write-offs Completed Completed Future years Status and action plan for the next fiscal year and subsequent years: Agency Activities Program Areas Design effectiveness testing Operational effectiveness testing Ongoing monitoring testing Note 1 Information Technology General Controls Note 2 Completed Completed Fiscal year 2023 to 2024 Payroll Completed Completed Fiscal year 2023 to 2024 Procure To Pay Completed Completed Fiscal year 2023 to 2024 Costing & Chief Financial Officer Attestation Completed Completed Fiscal year 2023 to 2024 Investment Planning Completed Completed Fiscal year 2024 to 2025 Projections Completed Completed Fiscal year 2025 to 2026 Budgeting Completed Completed Future years Capital Assets Completed Completed Future years Financial close and reporting Completed Completed Future years Status and action plan for the next fiscal year and subsequent years: Common Controls – Administered and Agency Activities Program Areas Design effectiveness testing Operational effectiveness testing Ongoing monitoring testing Note 1 Entity level controls Completed Completed Fiscal year 2023 to 2024 Information Technology General Controls- Common Note 2 Completed Completed Fiscal year 2023 to 2024 Status and action plan for the next fiscal year and subsequent years: Special Projects Note 4 Program Areas Design effectiveness testing Operational effectiveness testing Ongoing monitoring testing Note 1 Objections/Litigations Completed Measures under COVID-19 Note 5 Fiscal year 2023 to 2024 Canada Housing Benefit Note 6 Fiscal year 2023 to 2024 Canada Dental Benefit Note 6 Fiscal year 2023 to 2024 Footnote 1 The frequency of the ongoing monitoring of key control areas is risk-based and occurs over a five-year cycle. ...
Current CRA website
After the death of an FHSA holder
For more information on how to report these amounts, go to Guide T4015, T5 Guide – Return of Investment Income, or Guide T4013, T3 – Trust Guide, as applicable. ...
Current CRA website
Canada Child Benefit
Base Year and Payment Period Base year (tax return) Payment period 2024 July 2025 – June 2026 2023 July 2024 – June 2025 2022 July 2023 – June 2024 Example Taylor just received the July 2025 CCB payment. ... Since Taylor’s adjusted family net income was higher in 2024 than it was in 2023, the July 2025 payment was lower than the June 2025 payment. ... The quarterly amounts are issued in August 2025, November 2025, February 2026, and May 2026. ...
Technical Interpretation - External
25 June 2030 External T.I. 2025-1056861E5 - EIFEL - Excluded Entity Exception
XXXXXXXXXX 2025-105686 Catherine Zhang June 30, 2025 Dear XXXXXXXXXX: Re: EIFEL Excluded Entity Exception and Cross-border Trust Holding Foreign Personal Use Property This is in response to your letter dated April 21, 2025 in which you requested our interpretation of paragraph (c) of the definition of “excluded entity” in subsection 18.2(1). ... Specifically, a taxpayer resident in Canada is an “excluded entity” for a particular year if, amongst other conditions: “(c)(i) all or substantially all of the businesses, if any, and all or substantially all of the undertakings and activities of (A) the taxpayer are, throughout the particular year, carried on in Canada, and (B) each eligible group entity in respect of the taxpayer are, throughout the eligible group entity’s taxation year that ends in the particular year, carried on in Canada, (…)” The “all or substantially all” standard must be met in respect of undertakings and activities carried on in Canada by the taxpayer and each relevant eligible group entity in respect of the taxpayer. ...
Current CRA website
Filing your income tax and benefit return on paper
Orders placed before February 11, 2025, will be mailed as soon as the 2024 publications are printed and ready to ship. ... Find out about the Community Volunteer Income Tax Program (or the Income Tax Assistance – Volunteer Program in the province of Quebec) by going to Free tax clinics. ... The CRA will update these pages in late January 2025. Page details Date modified: 2025-01-21 ...
Current CRA website
Processing times and complexity levels - Income tax and GST/HST objections
There are three levels of complexity for objections – low, medium, and high. ... The majority of low complexity income tax objections now being assigned to an appeals officer were received in March 2025. ... The majority of low complexity GST/HST objections now being assigned to an appeals officer were received in March 2025. ...
Current CRA website
Verify your benefit amounts
Box 201 – Repayments of benefits COVID-19 income sources Box Description Tags If you don’t have box 201 on your 2024 T4A slip: Check if your repayments were subtracted from your total amount of benefits received Your repayment was reflected on a previous T4A slip if you repaid benefit amounts in a previous year Your repayment will be shown in box 201 on your 2025 T4A slip if you repaid benefit amounts in 2025 If any amounts are incorrect, they can be corrected by calling the CRA. ...
Current CRA website
Verify your benefit amounts
Box 201 – Repayments of benefits COVID-19 income sources Box Description Tags If you don’t have box 201 on your 2024 T4A slip: Check if your repayments were subtracted from your total amount of benefits received Your repayment was reflected on a previous T4A slip if you repaid benefit amounts in a previous year Your repayment will be shown in box 201 on your 2025 T4A slip if you repaid benefit amounts in 2025 If any amounts are incorrect, they can be corrected by calling the CRA. ...
Current CRA website
Repayments to your Registered Retirement Savings Plan under the Lifelong Learning Plan
For that situation, see " How to cancel your LLP withdrawal ". ... If he pays only the required amount in 2024, his minimum LLP repayment in 2025 will be $2,177 ($19,600 ÷ 9). ... Henry will have to include $600 ($4,200 ÷ 7) in income for each year from 2025 to 2031. ...