All items tagged with: taxpayer

7 Factors for Classifying Your Side-Gig Income with the CRA

Posted: September 01, 2017 By: Evelyn Jacks
Posted in: Strategic Thinking , Tax Planning, CRA, Financial Advisor, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, income tax, tax advisor, tax deductions, tax preparation for proprietorships, tax education, tax preparer, entrepreneur, self-employment, side gig, taxpayer, proprietorships, sole proprietor, self-employed income, business ownership, extra income

About 32 per cent of workers are starting their own businesses on the side for a variety of reasons — including 25 per cent of those who earn more than $75,000 and 19 per cent of those with income over $100,000. For tax purposes, it’s critical to know the difference between someone who is employed and someone who is considered self-employed.

Big Disclosure Issues in Proposed Change to Income Tax Act

Posted: May 22, 2014
Posted in: Breaking News, Tax Planning , income tax act, taxpayer privacy

Currently the Income Tax Act (the Act) ensures disclosure of taxpayer information by Canada Revenue Agency (CRA) officials is specifically prohibited unless in relation to a criminal investigation or in emergency circumstances.

CRA: Absolutely No Reprisals In Reporting Service Mistakes

Posted: August 27, 2013
Posted in: Breaking News, Tax Planning , CRA, taxpayer bill of rights

On August 23, the Minister of National Revenue, the Honourable Kerry-Lynne D. Findlay, and the Taxpayers’ Ombudsman, J. Paul Dubé, met with local business owners in Edmonton to discuss, in large part, the addition of a new right announced in the Taxpayer Bill of Rights in June.

Final Returns on Death of a Taxpayer

Posted: August 20, 2013
Posted in: Your Professional Development, Succession & Estate Planning, Tax Planning , final returns on death of a taxpayer

Enrol in our new Virtual Campus and take the certificate course Final Returns on Death of a Taxpayer to become qualified in doing final tax returns for your clients' families. Do so by August 27 and receive a $200 reduction in regular tuition fees.

Tax Relief for Alberta Flood Victims

Posted: June 25, 2013
Posted in: Breaking News, Tax Planning , taxpayer relief provisions

On June 22, the Canada Revenue Agency (CRA) announced that taxpayers who have been affected by the recent flooding in the Calgary area would have access to the taxpayer relief provisions, if they were unable to meet their tax obligations on time.

CRA Ombudsman Plays an Important Role

Posted: May 21, 2013
Posted in: Breaking News, Tax Planning , Taxpayers' Ombudsman, CRA complaints

Unhappy with your dealings with a CRA Auditor? The Taxpayers' Ombudsman can help when the relationship is fraught with communications issues between the taxpayer and the auditor.