Podcast: Automatic Tax Filing - Will It Work?

Last week Taxpayers' Ombudsperson François Boileau  tabled his annual report:  In Pursuit of Better Service: Taxpayers Deserve More.  once again, it was nothing short of scathing, as CRA received its highest number of complaints in the last three years.  Calling our “completely nuts” Income Tax Act a potential barrier, he is nonetheless pushing for automatic tax filing as a potential solution.  A new episode of Real Tax News with Evelyn Jacks & Friends available next week, will feature guest Gillian Petit, Ph.D. - author of a great report, Welcome News for Lower-Income Canadians, but There’s More to Do - which takes a deeper dive.  Consider the following:

Make sure you contribute $5,000 for each resident adult in the family every year.

Under the theme, Back to the Future, delegates at the DAC (Distinguished Advisor Conference), will explore opportunities to build on past successes and experiences in a changing environment for both tax and financial advisors. Find out how you can win an all expenses paid trip to DAC 2013!

Twelve years ago professionals were allowed to incorporate in Canada. Now, huge wealth has accumulated in the retained earnings.

Expertly prepare T2 returns and gain a deeper understanding of the business issues and tax options that underlie the integration of the Canadian T1 and T2 income tax returns. Enrol by June 30 for $395 early bird rate.

Put yourself first – learn how paying yourself first will change your life. Read The One Financial Habit that Could Change Your Life today! Buy 3, Get 1 Free.

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!