Bill C-31: Royal Asset and New CRA Powers Could Come Soon
Changes are coming to the Income Tax Act and both you and your clients will all be affected with new tax risks including longer tax audits. Bill C-31, which passed second reading in the House of Commons on June 3 and is now at committee stage, contains elements of previous Federal Budgets that will expand the CRA’s compliance and enforcement powers. Here’s what you need to know and pass along to your clients:Foreign Income Verification Statement – Form T1135 Version 5
On October 29, 2014, the Organization for Economic Co-operation and Development (OECD), together with the G20 Nations approved and implemented an international standard for the “automatic exchange of information agreement.”
Family Tax Cut – Who Will Get $2,000?
There's a lot of hype out there about the Family Tax Cut and some families have the impression that they are entitled to a $2,000 windfall this tax season. In reality, most families will qualify for little or nothing from the Family Tax Cut.
Tax Credits for Seniors
The Income Tax Act provides preferential treatment for seniors, especially those with moderate income.
Limited Number of Knowledge Journals Available
This Week Only – $195 plus taxes.
DAC 2015 is Heading to Puerto Vallarta, Mexico
The Westin Resort and Spa is the host venue for Distinguished Advisors Conference (DAC) 2015!
Tax Season in Canada May Not Be As Much Fun Anymore!
On January 17, Canada lost a great philosopher and keen observer of Canadian Income Tax System.
