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:

Advise Clients on How to Give to Charities Tax-Efficiently

Expand your career with a solid understanding of strategic charitable planning and assist your clients with philanthropic goals as part of an overall wealth management plan. Enrol in Investment Strategies in Charitable Giving and save $50.

Do Your Clients Know How Much “Real Money” They Can Spend?

Help your clients better plan their spending for the “must haves” with the Cash Flow Calculator. Map out discretionary spending and saving money more purposefully in the right accounts for emergencies and future wants like security in retirement or the best education for the kids.

Have You Ever Seen an Armadillo Race?

Join us in the beautiful Texas Hills for the Distinguished Advisor Conference, November 9-12, 2014. Network and learn with top wealth advisors and outstanding speakers. Experience education differently at DAC!

Filing Deadline Extended, Questions Remain

The Canada Revenue Agency (CRA) has announced a May 5 tax filing deadline extension and an arrest has been made in the "Heartbleed Bug" matter.

Canada’s Taste for Wine is Increasing

Canadians have become real red wine connoisseurs, but we still like our home grown beer, too. According to Statistics Canada, alcohol sales throughout the country in 2013 rose 2.2% from 2012, but a change in what Canadians are buying at the liquor store is noticeable.

CRA Error Doesn’t Help Taxpayer on Reassessment

When the Canada Revenue Agency (CRA) errs, can they correct, reassess and require payment even if this is unfair? Apparently yes, based on a recent court case.
 
 
 
Knowledge Bureau Poll Question

Do you enjoy reading breaking tax and financial news in Knowledge Report? Please tell us why/why not?

  • Yes
    35 votes
    100%
  • No
    0 votes
    0%