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:Supreme Court: The Line Between Tax Audits and Investigations
In its Backgrounder to the new Section 237.3, which defines reportable tax avoidance transactions that may be subject to the General Anti Avoidance Rules, Finance Canada has assured taxpayers that the provision, is for “administrative purposes only” and therefore it is unlikely that it will be used to incriminate a taxpayer.
Donations Sent to Terrorists: CRA Revokes Charity Registration
On September 20, the Canada Revenue Agency (CRA) announced that it would revoke the registered charitable status of the Islamic Society of North America (ISNA) Development Foundation.
Consider an Individual Pension Plan (IPP)
If you are running an incorporated business you may be in financial position to supplement your RRSP with an IPP, which is a defined benefit pension plan. The IPP offers both maximum tax relief and a maximum retirement pension.
Fall Into Change—The Dream Job You’ve (Probably) Never Considered
The kids are back in school and now you're back to that job you never liked anyways...
DAC 2013: Don’t Miss It! Only 6 More Days to Register!
Be seen as the leader you are: be seen at the 10th annual Distinguished Advisor Conference, November 10-13. Don't miss out on this unparallelled professional development opportunity – last chance to register is September 30!
Back to the Future: 24 Leading Speakers Take You There
The 10th annual Distinguished Advisor Conference (DAC) in Ojai is only 45 days away and Knowledge Bureau is excited to bring you the wisdoms of 24 sages in the tax and financial services, and a grand networking opportunity.
