No More Sworn Testimony, But Audits Are Still Stress Inducing
“That” Phrase: it’s one no taxpayer wants to hear – digitally or otherwise. “You’re being audited.” If you’ve had to deliver that news you’ll know that the reaction can range from indignity to shock to panic. Based on the latest piece of legislation before Parliament, you might have to tell more of your clients to buckle up, it’s going to be a bumpy ride. CRA will now have greater powers. Consider this:2018 Budget Overview: Specific Personal Tax Provisions
Review specific personal tax provisions announced by the Government in the 2018 Federal Budget.
2018 Budget Overview: Specific Tax Provisions for Business
New 2018 Federal Budget includes business tax provisions addressing tax changes for business income.
2018 Budget Overview: Additional Tax Provisions
Review additional tax provisions announced by the Government in the 2018 Federal Budget.
Tax Tip: Three Tax Secrets for RRSP Investors
March 1, 2018 is an important date for savvy taxpayers: don’t miss topping up your RRSP contribution by this deadline. It’s a great investment for your retirement, of course, but it’s so much more powerful: there are, in fact, three additional tax secrets most people don’t know about that can help you improve your finances.
Rising Interest Rates on the Horizon: Who Will Feel the Impact?
Interest rates are rising and Canadians are already feeling the pinch in paying down their operating lines. Owing the taxman can add to the burden. The Bank of Canada’s next interest rate announcement is March 1 and for some, the trend is already uncomfortable. Debt management is key.
Tax Time: Canada’s Income Tax System Is Here to Stay
The first tax returns of the year will be processed on February 26 this year. February 28 is the last day to catch up your filings and preserve appeal rights under the old Voluntary Disclosure rules that allow for full interest relief. That means tax deniers or procrastinators must step up now.
