News Room

AUTHREP Changed July 15

Since July 15, the "Authorize a Representative" service in EFILE, accessed through tax software, will no longer be available. Tax professionals must now use the Represent a Client (RAC) portal to request online access to a client’s account.

Voluntary Compliance Can Mitigate Risk

CRA wants to remind you that fessing up can be profitable.

National Steering Committee on Financial Literacy Call for Members

Are you interested in strengthening Canadians’ financial literacy?

Requirement vs. Choice: It’s the Crux in Claiming Commission Sales Expenses

In order to be eligible for a deduction for sales or travel expenses under subsections 8(1)(f) and (h) of the Income Tax Act, taxpayers must show that they worked on a commission-based income.

Evelyn Jacks: Ostriches Aren’t Smart; Tax Penalties Are Expensive

Well it's that time of the year again. . .tax audit season. The ostrich approach is one way to cope, but not the smartest. 

Q and A: Setting Up Business in the U.S.

The U.S. has a number of different business structures available when conducting your affairs in the U.S., whether your business is rental property or operating a viable small business.

Employee Stock Options

An employer may provide its employees the opportunity to purchase shares in the employer’s corporation at some future date, but at a price that is the current market price when the option is granted (the exercise price).
 
 
 
Knowledge Bureau Poll Question

Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?

  • Yes
    358 votes
    70.75%
  • No
    148 votes
    29.25%