CRA: EFile system outage

DOS attack by the tax payers :-)

From CRA:

We are currently experiencing intermittent technical difficulties that are affecting electronic filers.

However, many transactions are successful. We recommend that you continue trying to access our systems on a periodic basis.

We apologize for the inconvenience and assure you we are doing what we can to remedy the situation as soon as possible. Electronic filing continues to be the fastest method of processing tax returns. Further updates to follow.

Please note: All returns accepted by midnight (local time) on Tuesday, May 6, 2008 will be considered on time, and no filing penalty will be assessed.

For clients with self-employment income and their spouses or common-law partners, you have until midnight Monday, June 16, 2008 (filing due date) to file their tax return.

Please remember, to avoid interest charges the balance owing must be paid or post marked April 30, 2008. A nice a little break for the efilers :-)

Nonresident Aliens May Claim the Child Tax Credit for a Nondependent Child

For tax years beginning after Dec. 31, 2004, nonresident aliens may claim the child tax credit on Form 1040NR, U.S. Nonresident Alien Income Tax Return, for a nondependent child. Attach Form 8901, Information on Qualifying Children Who Are Not Dependents (For Child Tax Credit) to the return. File amended returns for those who were eligible but didn’t claim the credit for 2005 or 2006, and attach Form 8901.

British Columbia Training Tax Credit

CRA Tax Tips:

Did you know...

That the Government of British Columbia has introduced the British Columbia Training Tax Credit to attract people to apprenticeship programs, and to encourage those already enrolled to complete their program. This tax credit is available to both apprentices who were residents of British Columbia at the end of the year and employers of apprentices enrolled in a Red Seal or other program recognized by the Industry Training Authority who carried on a business in British Columbia during the year.

Apprentices

As an apprentice, you may qualify for up to $9,000 in tax credits as you progress through your training, and additional funding is available to qualified apprentices under the Enhanced Tax Credit. To claim the training tax credit, complete Form T1014 and include it when filing your personal income tax return.

Employers

By employing an apprentice, you may qualify for up to $12,500 in tax credits as the apprentice progresses through training. Additional tax credits are available to employers through the Enhanced Tax Credit if the apprentice is eligible for the federal disability tax credit or is registered as an Indian under the Indian Act.

Proprietors can claim the credit by completing Form T1014-1 and including it when filing their personal income tax return. Corporations claiming the credit must complete Schedule T2SCH428 and include it with their corporate income tax return.

If you need help on your tax return or have questions on BC training tax credit, please contact a tax professional. As always, staff from YY Consulting Tax Services would love to hear from you.