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:Lesson learned Day 2: Charting our course
Sailing in uncharted waters means taking new approaches and speakers at Day 2 of the Distinguished Advisor Conference advocated a collaborative approach.
Evelyn Jacks: “Fiscal cliff” has immediate implications
The U.S. is fast approaching its “fiscal cliff” and how it resolves that challenge has implications for Canada and the world.
The law determines judges’ decisions
A recent Tax Court of Canada (TCC) decision shows that, despite personal feelings of sympathy, judges must follow the letter of the law.
Tax preparers and filing electronically
As of January 2013, tax preparers who receive payment to prepare more than 10 income tax returns in a year will be required to file those returns electronically.
Improving cross-border tax compliance
Canada and the United States are working toward improved cross-border tax compliance.
News from Tax Court: Crown appeals Guindon
The Crown has appealed a recent Tax Court of Canada (TCC) decision that ruled penalties were criminal in nature, not civil. If the ruling is upheld, advisors will come under increased scrutiny.
