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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Take some time this summer to sharpen your cross border tax knowledge and become prepared to advise affluent baby boomers on how certain actions they pursue on both sides of the border will affect their tax situation. Try a free trial today!

The Financial Assessment Calculator links your client’s trigger questions about life events, financial events, and economic events with changes needed to get the financial results needed now and in the future. See it in action with the following what-if-scenario and then try it for yourself, risk-free!

Budget 2013 included an announcement that the government would be looking into measures to improve the integrity of Canada’s tax system relating to testamentary trusts.

Bill C-60 proposes to implement certain provisions of the March 21, 2013 federal budget; among these, proposed legislative amendments that pertain to the audit process in the Income Tax Act, and provisions in the Tax Court of Canada Rules. Discussed below in the last of a four-part series are changes to the Expert Witness rules.

Last week we launched our five-part Disability Awareness series discussing tax relief for those who have become disabled and their caregivers. In this second part, we talk about income supports that are available. These articles are excerpted from Jacks on Tax, by Evelyn Jacks.