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:

The “urgent” global issues of 2013

The unstable global economy tops the list of “urgent” issues to address in 2013, says the World Economic Forum (WEF).

Evelyn Jacks: Taxes and economic outcomes are linked

It’s no secret that governments are awash in debt. But, where is the money to pay down federal and provincial deficits and accumulated debt going to come from?

No hiding behind inadequate records

A recently released judgment from the Tax Court of Canada testifies to the importance of good record-keeping and exemplifies a clever method that the Canada Revenue Agency (CRA) invokes when investigating taxpayers who hide behind inadequate records.

Deferring Old-Age Security

If you turn 65 before July 1, 2013, can you still opt to delay receipt of Old-Age Security (OAS)?

Use Tax-Free Zones

Everyone in Canada qualifies for the Basic Personal Amount (BPA). 

Lifestyle Column: 10 Neat Things

This week: 10 neat things about artichokes
 
 
 
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
    48 votes
    94.12%
  • No
    3 votes
    5.88%