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:

The inaugural MFA-P Symposium will be held in Toronto on October 30th, 2024. You’ll experience six dynamic sessions from industry leaders designed specifically to help advisors engage their clients about strategic charitable giving. It’s an opportunity to meet peers and industry leaders who can help you build your business.

Our dynamic panel of experienced, professional business builders and FDFS™ featuring Jim Ruta, Steven Furtado, Carol Willes, Martin Luc Derome will challenge you to re-think the four “Big Rocks” needed to build a practice that regenerates and evolves with change. Four key opportunities will be discussed at the 2024 Conference for Distinguished Advisors this November in Montreal:

Is there a prospective teacher, social worker or midwife in the family?   An educational seminar about the new tax and student debt assistance available to Canadian families may be a good way to celebrate the busy back to school month of September.    Here’s an overview:

Taxpayers may file a Notice of Objection when they disagree with CRA’s assessment or reassessment of their tax returns.  That’s the first step in the appeals process.  Students at this week’s CE Savvy Summit learned firsthand at a live virtual day of presentations about the changes to the appeals process that can now impact taxpayers in a more significant way. The program is now available for listening and learning online.  An overview of important deadlines is discussed below.   

How will Tax Audits of the Future Develop?   Knowledge Bureau CE Savvy Summit audiences heard fascinating presentations this week on tax changes to know from recent draft legislation, including the dramatic shift in the balance of power in favor of CRA vs the Taxpayer.  This is very concerning especially as we learn more about the proposed new Notice of Non-Compliance Rules.  It’s not too late to sign up for the Knowledge Bureau’s CE Savvy Summit and Audit Defence Course for access to the complete recorded presentations on these complex provisions and learn how new powers will dominate in the relationship a taxpayer and their accountants have with CRA. . . and what to do about this. Plus, you have an opportunity to earn your Diploma in Advanced Family Tax Compliance!

Choose your CE/CPD Adventure! Knowledge Bureau and its esteemed partners proudly present 9 impactful events for your professional development. Mark your calendar now, register below and come think, collaborate and connect with your peers – live or in person!