The CRA TSlip Saga: An Update
This tax season has been particularly challenging for both taxpayers and tax professionals. The Canada Revenue Agency (CRA) provides tax information slips—such as T3, T4, T5, and their variations—through secure online portals: My Account and Represent a Client (RAC). This year, there were lots of problems with these portals, and now, it appears, CRA is not being quite transparent about when the slips were actually visible to clients and that doesn’t seem fair. Here’s an update on where we stand now.IRS to Tax Bitcoins and Other Virtual Currencies Like Property, Not Currency
Virtual currencies are becoming more and more popular and tax authorities throughout the world are considering how to handle them.
People In the News
Knowledge Bureau's faculty and authors have been busy in the media this week!
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Audit Defence – Documenting the Client Experience
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Ontario Taxes for 2014
The pre-budget consultations for the 2014 Ontario budget closed on March 28 but the date of the budget has yet to be announced. However, recently leaked government documents indicate that the budget will be presented in the first week of May.
Alberta Provincial Budget
The 2014 Alberta provincial budget was tabled on March 6, 2014. This budget shows an operational surplus of $2.6 billion and the government projects an operational surplus for the following three years of its financial plan.
