This Month’s Poll
Do you agree that public trustees, guardians and departments supporting Indigenous Services should be able to certify impairments for the Disability Tax Credit?Evelyn Jacks: A Slippery Slope – Should We Mess with Canadians’ High Voluntary Tax Compliance Rate?
In Canada, we have a tax system based on self-assessment and voluntary compliance. It works extremely well, considering how complex the topic is, with the overwhelming majority of individuals and corporations meeting their obligations on time.
Pre-Consultation Brush Up on Trust Rules
The March 21, 2013 Budget is proposing major changes to the taxation of trusts in Canada, which will have significant family succession planning implications. Here in the first of two articles, Greer Jacks reviews existing rules, which every tax and financial professional may wish to be aware of before the rules are changed in order to participate in fruitful consultations on the matter.
You Can Claim Bus Passes and Other Public Transit Costs
Riding the bus or subway? Remind all family members to keep receipts because you may be able to make a claim on your tax return for the costs.
BC Residents Will See Their GST Credit Cheques Reduced as of April 2013
As a result of reverting from the HST back to the GST and PST system in BC, the provincial HST Credit has been abolished.
Must Audit Support Documents Be Electronically Filed?
Starting in May 2013, CRA will again begin its Processing Review Program, which initiates requests for supporting documentation for claims made on tax returns.
Claiming Babysitting Costs
Expenses for the care of dependent children who are under the age of 16 (at any time of the year) or who are physically or mentally infirm may be claimed on your tax return.
