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.Tax Remittances: Proactivity Key to Due Diligence Defence
Due diligence was a big topic at the Audit Defence Bootcamp this past week, as the burden of proof in establishing a due diligence defence rests with any appellant to a CRA challenge.
Partners Beware: Mandatory Retirement Is Okay
The Supreme Court of Canada recently held that a partnership’s mandatory retirement policy was not arbitrarily discriminative, as a partner is not an employee.
Evelyn Jacks: Rich-Poor Gap? Blame Educated Women
Income inequality is a noted problem in society, and one covered in this blog recently. But it’s one that is complex and requires a closer analysis.
U.S. Inheritances – Taxable or Not?
When is the inheritance from your U.S. based parents taxable and in which country?
When Are You Considered to Be In the Business of Buying and Selling Real Estate?
Lots of people like to dabble in real estate when markets are hot. The issue for tax filing purposes is whether you held the property for personal use, as a passive investment or whether you are in fact in the business of buying and selling real estate.
Capital Losses Not Worthless
Capital losses are important. They can offset capital gains of the year, the prior three years or any future year.
