No More Sworn Testimony, But Audits Are Still Stress Inducing
“That” Phrase: it’s one no taxpayer wants to hear – digitally or otherwise. “You’re being audited.” If you’ve had to deliver that news you’ll know that the reaction can range from indignity to shock to panic. Based on the latest piece of legislation before Parliament, you might have to tell more of your clients to buckle up, it’s going to be a bumpy ride. CRA will now have greater powers. Consider this:Davis Christianson Opines: Critical Conversations Count
David Christianson, one of Canada’s Top 50 Wealth Advisors and this month’s featured guest speaker at DAW, says tax or financial advisors have the obligation to make critical conversations about what really matters our clients in the future, happen.
A CRA Net-Worth-Reassessment – Now What?
Canada’s tax system is based on self-assessment, but CRA has substantial powers and latitude to assess and reassess those returns as it sees fit, leaving the onus to prove otherwise with the taxpayer.
Join us at DAW: Transition Planning, a Focus on a Federal Budget Update, Trust & Estate Planning
The government’s financial results will be released for the first quarter of the year no later than May 29, 2015, just in time for Canada’s most comprehensive 2015 tax and wealth planning workshop, featuring five top experts in the area of transition planning.
Six Ways to Profit from Family Tax Cuts After Tax Season
June 15 is the date of the next quarterly instalment payment for 2015.
Better Late than Never Doesn’t Cut It with CRA: File on Time to Avoid Severe Penalties
The Canada Revenue Agency (CRA) has always been serious about penalizing tax evasion, and they are sharpening their focus on investigating anyone who facilitates or encourages non-compliance.
Safest Banks: Is Canada in the Top 10?
We generally believe, living in Canada, that we have the safest banking system in the world. Certainly we’re in the top 10, right?
