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:

South of the border, our American friends have proposed new legislation aimed at imposing sales tax on customers shopping at large online retail websites.

With very minor exceptions, the definition of “income” used to determine the amount of the Guaranteed Income Supplement is the same as “Net Income” under the Income Tax Act. 

We continue our Synthetic Dispositions series this week with a look at a total return swap.

Are you ready to grow your business?  According to Statistics Canada[1],  the top three reasons businesses fail is lack of vision, lack of knowledge, and the inability to use outside advisors effectively. 

There are many sources of tax exempt income of which most people are unaware. Here's the tax secret...

Winnipeg, MB.  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.