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All items tagged with: tax avoidance

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.

How the “hallmarks” apply to proposed anti-avoidance rules

Posted: December 10, 2012
Posted in: Strategic Thinking, Distinguished Practices, Tax Planning , Canada Revenue Agency, tax avoidance, GAAR

Proposed changes to the Income Tax Act will oblige taxpayers to report “avoidance transactions” if the transactions include two of three existing “hallmarks.”

Income Tax Act’s new anti-avoidance provisions

Posted: December 04, 2012
Posted in: Strategic Thinking, Distinguished Practices, Bookkeeping and Accounting, Tax Planning , Canada Revenue Agency, tax avoidance

If the federal government decides to crack down on “aggressive” tax avoidance transactions, does it signal a sea change for advisors or is it really much ado about nothing?