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:

The March 21, 2013 budget is an extensive and far-reaching document, which underscores the depth of the tax reforms Canada is in today. Trust and estate planning will be affected by the proposals as well, as explained.

We accept editorial submissions for the Knowledge Bureau Report from Distinguished Advisors until 5 PM CST Thursday weekly.

I’m a retired widow. My only income is CPP and Old Age Security. I also get the Supplement but lately I’ve been thinking about going back to work part time, maybe one day a week, as a Greeter at Walmart. How will this extra income affect my Supplement?

Employees may claim certain specific expenses of employment on their tax returns, depending on whether the employer will verify this was a necessary condition of employment.

Al Emid, one of three authors along with Evelyn Jacks and Robert Ironside of Financial Recovery In A Fragile World, recently appeared on the financial talk show Money Talks airing on Astor Communications’ station San Diego AM 1450. The broadcast was also carried in the Inland Empire area of California.

A must-read book for anyone who wants to develop the Winner’s Mindset about money and is serious about financial freedom on his or her own terms. Clearing the roadblocks to smooth your financial journey, this book is inspiring, informative and impactful and in some places, truly funny. Order by Apr. 2 to take advantage of our boxes of books special!