This Month’s Poll
Do you agree with the government’s plan to introduce the new Canada Groceries Essentials Benefit (CGEB)?How to defend against a Net-Worth Assessment
CRA has applied a net-worth assessment against your client, who now comes to you for help . . . and they are emotional and scared. What do you do first?
“Atrocious” Economic Data, but Healthier Household Debt Ratios
The most recent economic data is indeed atrocious, as Bank of Canada Governor Stephen Poloz predicted in England late last year.
The Big Picture on Debt in Canada
Last week’s KBR reported on a recent Statistics Canada study, Changes in Debt and Assets of Canadian Families, 1999 to 2012, that confirmed a trend that Canadians are carrying more debt than ever before.
Former CRA Veteran Keynotes at DAW Toronto
There are three certainties in life – death, taxes and change. So, dealing with the Canada Revenue Agency (CRA) can prove a stressful interaction for both taxpayers and their advisors.
Davis Christianson Opines: Critical Conversations Count
David Christianson, one of Canada’s Top 50 Wealth Advisors and this month’s featured guest speaker at DAW, says tax or financial advisors have the obligation to make critical conversations about what really matters our clients in the future, happen.
A CRA Net-Worth-Reassessment – Now What?
Canada’s tax system is based on self-assessment, but CRA has substantial powers and latitude to assess and reassess those returns as it sees fit, leaving the onus to prove otherwise with the taxpayer.
