News Room

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:

Canada Inspires Confidence

Readers of Knowledge Bureau Report are heading into 2013 confident in Canada’s financial prospects.

How Canadians Spend Their Money

In 2011, the average Canadian spent $73,457 — 75% or $55,151 of which was spent on goods and services such as shelter, food and transportation.

The CRA Makes It Easier for SR&ED Claimants

The Canada Revenue Agency (CRA) is making it easier for corporate taxpayers to determine if they qualify for the Scientific Research and Experimental Development (SR&ED) tax incentive program.

Evelyn Jacks: Who is Required to File a Tax Return?

Do you have to file an income tax return this year — or can you just skip it for once?

Quell Uncertainty with an Advance Ruling

Advance income tax rulings can be a useful tool in business and personal wealth planning because they provide certainty and confidence.

What Happens to Joint Subscribers When an RESP is Terminated?

What happens with accumulated income payments from a Registered Education Saving Plan (RESP) when the plan is a joint plan?
 
 
 
Knowledge Bureau Poll Question

It costs a lot more to go to work these days. Should the Canada Employment Credit of $1501 for 2026 be raised higher to account for this?

  • Yes
    58 votes
    86.57%
  • No
    9 votes
    13.43%