News Room

New Consultations: Modernizing Tax Rules for Charities

As the last remnants of a scrumptious Thanksgiving weekend subside, it is appropriate to take a look at the health and issues surrounding the charitable sector in Canada.  Serendipitously, the federal government is seeking your views on how the tax rules for registered charities and the Canada Revenue Agency’s (CRA) administration of these rules could be modernized.  A new consultation was launched on October 8 and here’s what the government wants to know, by December 3, 2026:

Pre-Budget – Interest Rates Low, Loonie Loses Value

After meeting with private sector forecasters, Finance Minister Flaherty gave several early clues to what might be contained in the federal budget, expected soon, including increased funding to catch tax cheats and additional economic stimulus to keep people employed.

Tax Fraud – How to Avoid and Prevent It

March is fraud prevention month, and therefore it makes sense – in the heart of the tax filing season – to know which is legal and which is a criminal offence: tax evasion or tax avoidance?

Evelyn Jacks: Audit Defence – Hire a Tax Pro

You haven't done your taxes for a year or two or more – yikes – now what? Bottom line: get on it, quickly, and more important, start a relationship with a qualified tax professional who has taken a recent audit defense course. 

Employed or Self-Employed?

Roller Hire v The Queen (2013). A common battle in the Tax Court of Canada is one between the designation of employee or independent contractor. The case of Roller Hire is a recent example, and Judge Hogan made some interesting comments for the Court.

RRSPs Down, TFSAs Up

Recent RRSP & TFSA savings statistics show that only 26% of eligible taxfilers contributed to an RRSP in 2010, but this dropped to 24%  in 2011.

Paying a Balance Due to CRA? Order a Remittance Form First.

Is it true if you have a balance owing to CRA and you do not want to pay on-line you need to call CRA for a pre-printed form?
 
 
 
Knowledge Bureau Poll Question

In your view, should Canadians be able to write off more of their out-of-pocket medical expense costs? What amount would be appropriate?

  • Yes
    44 votes
    93.62%
  • No
    3 votes
    6.38%