CECA joins the Canadian Federation of Independent Business Coalition for Small Business Tax Fairness
CECA Strategic Planning Session
National Apprenticeship Conference Theme Partner AnnouncedAnnonce du partenaire du thème de la conférence nationale d’apprentissage/
WHMIS IS CHANGING
NTCCC FEDERAL PROMPT PAYMENT LEGISLATION
Promoting Careers in the Electrical Contracting Business through Student Chapter Engagement and Research on Energy Efficient Projects
Calling on Everyone in the Construction Industry - Show Your Support for Bill 69, the Prompt Payment Act
The Government of Canada has issued a Request for Proposals - Le gouvernement du Canada a lancé und demande de proposition
NECA POST- CONVENTION TOUR
Training Based on the Upcoming Z463 Guideline - Maintenance of Electrical Systems - Scheduled Across Canada
Tax Savings for Tradespersons
RECALL - Ceiling-mounted light fixtures
Building Information Modeling Training & Implementation Seminar/Webinar - March 7, 2012 - Toronto
Canadian Electrical Code 2012
You are invited to a free webinar
Let the Canada Revenue Agency help you practice your trade with all the right tools
Wednesday, March 19, 2014
As a skilled tradesperson, improving your craft is no easy feat. Every day, you try hard to be the best and prove your ability. You’re hands-on, dependable, and take pride in your workmanship. You’ve built up your reputation with clients and associates. You have the qualifications and you have the skills, but do you have the tools when it comes to filing your tax return?
If you bought new tools for work this year, you may be able to claim a tradesperson's tools deduction of up to $500 on your tax return. You may also be allowed a GST/HST rebate. To find out more about deductions and tax credits for employed tradespersons, go to www.cra.gc.ca/trades.
Don’t forget that the deadline to file your income tax and benefit return is generally April 30. However, if you, or your spouse or common-law partner, are self-employed, the deadline is June 15. As June 15 falls on a weekend, the filing deadline has been extended to Monday, June 16, 2014. If you have a balance owing for 2013, you still have to pay it on or before April 30, 2014.
Filing electronically with NETFILE is easy, secure and allows the Canada Revenue Agency (CRA) to process your return much faster. If you use NETFILE and are expecting a refund, your money will be directly deposited in your account in as little as eight business days (weeks faster than if you file on paper). For a list of software and web service choices, including some that are free for everyone, go to www.netfile.gc.ca/software.
While you are visiting the CRA's website, be sure to sign up for My Account, which allows you to follow the progress of your refund, change your address, check your benefit and credit payments and your registered retirement savings plan limit, set up direct deposit, and so much more!
Employers can benefit too! If your business hires a qualified apprentice working in an approved Red Seal trade, you may qualify to claim the apprenticeship job creation tax credit. This non-refundable investment tax credit is equal to the lesser of $2,000 or 10 per cent of the eligible apprentice salaries or wages. Don’t need to use the whole credit amount this year? Carry the unused amount back three years or carry it forward up to 20 years! For more information on the apprenticeship job creation tax credit and other investment tax credits, go to www.cra.gc.ca.ca/smallbusiness and select Investment tax credit.
You can also stay on top of the latest CRA news or tax tips by following @CanRevAgency on Twitter.