AUTHREP Changed July 15
Since July 15, the "Authorize a Representative" service in EFILE, accessed through tax software, will no longer be available. Tax professionals must now use the Represent a Client (RAC) portal to request online access to a client’s account.Find Solution to Managing Debt Load
Assist your clients with making a plan to get out of debt with the Debt Reduction Solutions Calculator. Become a certified Debt and Cash Flow Management advisor – it only takes 30 hours online.
Audit Defence – Documenting the Client Experience
Stand up with professionalism to potential legal challenges from CRA or other family stakeholders. Register by May 15 for early bird rates.
Tax Professionals Beware of Big Penalties
The tax professional is becoming a central focal point for information-gathering on behalf of the Government, and in the process can be at significant financial risk. Fees charged to clients may have to reflect this new reality as CRA continues to unveil new and more detailed forms – with big penalties for missing information.
RBC Amongst Defendants in Massive Law Suit
The United States Federal Deposit Insurance Corporation (FDIC) filed a lawsuit in federal court in Manhattan on March 14th against sixteen banks, including RBC, alleging fraudulent activity in conspiring to keep a key international interest rate artificially low for their own enrichment.
Do Ponzi Schemes Generate Taxable Income?
In Roszco v. The Queen (2014) TCC 59, a recently released decision from the Tax Court of Canada, the issue at hand was whether interest generated from fraudulent schemes was taxable within the meaning of section 12(1)(c) of the Income Tax Act (the Act).
Evelyn Jacks: Building Wealth: Don’t Go It Alone
Are you wealthy? What’s your definition? One way to think about it is to consider: what does it take to achieve peace of mind – to be free of financial worry? Would you be truly wealthy then?
