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:

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With the hope that it will assist taxpayers in determining the legality of their transactions before incurring significant costs, the Canada Revenue Agency (CRA) and the Income Tax Rulings Directorate (ITRD) have announced a one-year pre-ruling consultation pilot project. 

The Department of Finance is seeking the input from Canadians on how to protect consumers in all areas of the marketplace.

The 2013 Federal Budget announced the phase-out of the Federal Labour Sponsored Venture Capital Funds Tax Credit (LSFTC) which will affect claims for taxation years 2015 and 2016.