Changes to Paper Filing Disempowering

Last tax season, only 7% of all Canadian tax filers filed on paper. The CRA is pushing for zero. It continues to steer the holdouts to digitized filing by adding lots of obstacles. Most recently, it is removing almost all the schedules from the tax return package it mails. This seems unfair to people who paper file because they can’t afford a computer and internet, distrust the security of online filing and those who are neither tax or computer literate. Here’s what they are up against:

Never under-estimate the blinding power of new love or the obligations to a scorned ex-wife. . .even after death. 

What does an employer do if over deductions are discovered?

When working with your clients, remember that you are their trusted advisors and know more about their financial affairs than their family and friends.

Taxpayers and their advisors may consider this question more frequently as CRA pushes for more electronic communications, such as the provision of email addresses on this year’s tax return.  

Find out about this and more at the 2015 Distinguished Advisor Conference (DAC).

Substantial tax reform has recently changed the rules for post-death planning for high net worth families.