News Room

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:

TFSA – (Perhaps Not) A Ticking Time Bomb? - Part 1

Controversy has erupted in the news this week over the potential lost government revenues 50 years from now, due to the prospect of doubling of Tax Free Savings Account (TFSA) limits in the future. 

Scorned Wife Wins Over Girlfriend

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

Overpayment and recovering of EI premiums and CPP contributions

What does an employer do if over deductions are discovered?

Thanks to January DAW Vancouver and Toronto sponsor Farber

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

Where Is My Refund and Who Does CRA Share it With?

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.  

It’s the male seahorses that have the babies….

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

Do you agree that public trustees, guardians and departments supporting Indigenous Services should be able to certify impairments for the Disability Tax Credit?

  • Yes
    12 votes
    25%
  • No
    36 votes
    75%