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All items tagged with: Excise Tax Act

What Do You Do If You’re Audited by the CRA?

Posted: October 03, 2017 By : John Tucciarone, CPA, CMA
Posted in: Strategic Thinking , CRA, tax credits, knowledge bureau, Canada Revenue Agency, tax avoidance, income tax act, Evelyn Jacks, tax evasion, taxpayer bill of rights, criminal code, Excise Tax Act, tax deductions, tax education, business expenses, CRA audit, audited by the CRA, audit process, tax laws, Canadian businesses, individual tax returns, income tax returns, income tax audit, tax write-offs, home office deductions, rental properties, tax issues, John Tucciarone, Chartered Professional Accountants of Canada

The Canada Revenue Agency completed nearly 112,000 audits during fiscal 2016-17, according to a government report on recent efforts to crack down on tax cheats. If you or your clients are chosen for an audit, there are a few best practices that can help you through the process.

Retroactive GST/HST Reassessments in New Legislative Proposals: The Excise Tax Act

Posted: January 23, 2014
Posted in: Breaking News, Tax Planning , Excise Tax Act, input tax credits

The Tax Court of Canada recently provided a favorable ruling in a case that allowed a business to claim input tax credits for amounts of GST already recovered from suppliers through credit notes.

Amendments Implement the Rest of Budget 2013

Posted: October 21, 2013
Posted in: Breaking News, Tax Planning , income tax act, Excise Tax Act, income Tax Regulations

On October 18, Finance Canada released proposed amendments to the Income Tax Act, the Excise Tax Act and the Income Tax Regulations for the remaining provisions from the March 21, 2013 Federal Budget.