Time’s Up: CRA’s 100 Day Mandate for Improvement
After years of frustration on the part of tax professionals and taxpayers alike, the Finance Minister ordered the Canada Revenue Agency to clean up its act in 100 days. Specifically, the improvement plan was to run from September 2 through December 11. Finance Minister and Minister of National Revenue, Francoise-Phillippe Champagne instructed CRA to fix “unacceptable wait times and service delays.” Time’s up this week and CRA has released an update on progress. What gets measured, gets done. Let’s see what CRA’s metrics show.Newfoundland Joins the “Tax the Rich” Movement
The 2015 Newfoundland and Labrador provincial budget was presented on April 30, 2015.
Readiness Planning for Physician Assisted Suicide
Since the last time the Supreme Court of Canada (SCC) visited the issue in Rodriguez (1993), doctor-assisted suicide has been legalized in eight other countries around the world.
Lucrative Tax Claims: Medical Travel and Home Modification Costs
Tax season is officially over for most individuals, and that signals the start of tax audit season.
New RRIF Planning Opportunities
The recent April 21 Federal Budget introduced relaxed rules for mandatory withdrawals from a RRIF, effective in the 2015 and subsequent tax years.
Top 10 Retirement Planning Questions
What’s a detailed, tax-efficient retirement income projection worth to your clients? A lot of peace of mind, especially if they are interested in continuing to build their net worth in retirement and beyond, while reducing their frustration with high taxes on private pension income.
Connecting The Dots Isn’t Child’s Play - Elements of Real Wealth Management
There are many unique opportunities to serve clients in the tax and financial services today. More than ever, clients expect to receive advice that is relevant both for today’s environment and for the long-term.
