News Room

CRA’s Callback Service for Tax Pros Pilot

Are you a tax professional with years of experience? Have you ever felt frustrated after calling the CRA, having spent hours on hold, wasting your client’s or employer’s time, only to speak to CRA agents who aren’t qualified to answer your questions? The Auditor General of Canada was equally displeased in a scathing report last fall on wait times and accuracy levels at the CRA. Now a new CRA callback service may come to the rescue this tax season. Here is my experience with the pilot project so far:

TFSA Penalties: Advisors Can Help

TFSA holders can withdraw any amount they want from their TFSAs at any time, but as close to 55,000 people found out in warning packages from CRA recently, putting the money back can create a 1% per month penalty if it’s done at the wrong time.

Outlook On Banks Turns Negative

On August 8th, Standard & Poor’s (S&P) revised its outlook on Canadian banks to “negative”. Why?

Global Sweet Spots Include Canada

Canada’s economic growth is poised to be in a sweet spot.

Onus of Proof on CRA

The Tax Court of Canada recently allowed an application for an extension to serve a notice of objection to an assessment. Perhaps the most interesting aspect of the case was the dismal performance of the Canada Revenue Agency (CRA).

Evelyn Jacks: Back to Retirement Planning School

The fall “back to school” time provides a great opportunity enhance knowledge-based careers.

The Delusionary Testator

It is not uncommon for elderly people to form delusionary beliefs about those who should rightfully be named in their will.
 
 
 
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