Archive for February, 2019

Responding to a tax instalment reminder from the CRA

Monday, February 25th, 2019

Sometime during the month of February, millions of Canadians will receive mail from the Canada Revenue Agency (CRA). That mail, a “Tax Instalment Reminder”, will set out the amount of instalment payments of income tax to be paid by the recipient taxpayer by March 15 and June 17 of this year.

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Posted: Monday, February 25th, 2019 | Categories: Tax Alerts.


RRSPs and TFSAs — making the annual contribution

Monday, February 11th, 2019

For most taxpayers, the annual deadline for making an RRSP contribution comes at a very inconvenient time. At the end of February, many Canadians are still trying to pay off the bills from holiday spending, the first income tax instalment payment is due two weeks later on March 15 and the need to pay any tax balance for the year just ended comes just 6 weeks after that, on April 30. And, while the best advice on how to avoid such a cash flow crunch is to make RRSP contributions on a regular basis throughout the year, that’s more of a goal than a reality for the majority of Canadians.

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Posted: Monday, February 11th, 2019 | Categories: Tax Alerts.


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