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:

Knowledge Bureau has gathered top-class speakers for our upcoming Distinguished Advisor Conference, November 10-13, 2013 in Ojai, California.

Increase Your Cash Flow Calculator – Cash flow and income are two different things, but it may be all the same to your clients: How much do I have to spend each month? The difference is the real money they get to keep after taxes. Try the Cash Flow Calculator risk free!

There are lots of ways to do better for yourself at tax time; starting with the filing of your tax return as soon as possible if you missed the April 30 deadline.

Federal Auditor General Michael Ferguson released his Spring Report on April 30th, including an audit on the Canada Revenue Agency’s struggling effort to collect tax debts owed by Canadians in the last few years. How bad has their performance been?

In the House of Commons last week, Ministers Flaherty and Menzies tabled a detailed Notice of Ways and Means Motion in order to begin the implementation of tax measures initially introduced in the March 21, 2013 Federal Budget.

In a narrow vote, 54% of Knowledge Bureau Report readers do not agree with the new budget proposal that allows CRA to pay a taxable finder’s fee for information on international tax cheats.