News Room

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?

How the “hallmarks” apply to proposed anti-avoidance rules

Proposed changes to the Income Tax Act will oblige taxpayers to report “avoidance transactions” if the transactions include two of three existing “hallmarks.”

First-quarter interest rates

The prescribed annual interest rate that will apply to any amounts owed to the Canada Revenue Agency (CRA) is 5% for the first quarter of 2013, unchanged from the previous quarter.

Claim tax credits in year paid

Claims for the Children’s Arts and Children’s Fitness tax credits are based on when the payment is made, not the year in which the activities are scheduled.

Featured Tool: EverGreen Explanatory Notes

EverGreen is your in-office research department. Get ready to be more efficient this tax season with a click of a mouse. Register for the free demo now!

Featured Book: MASTER Your Philanthropy

Help your clients create a charitable giving plan that both meaningfully supports their cause and complements their overall wealth management strategy in a tax-effective manner. KBR readers receive $5 off if they order before December 17.

Featured Course: Tax Preparation for Proprietorships

Unincorporated small businesses have tax preparation and planning requirements that are unique. These small business owners will be looking to you for sound advice during tax time.
 
 
 
Knowledge Bureau Poll Question

Do you agree that public trustees, guardians and departments supporting Indigenous Services should be able to certify impairments for the Disability Tax Credit?

  • Yes
    3 votes
    100%
  • No
    0 votes
    0%