News Room

Time’s Up: CRA’s 100 Day Mandate for Improvement

After years of frustration on the part of tax professionals and taxpayers alike, the Finance Minister ordered the Canada Revenue Agency to clean up its act in 100 days. Specifically, the improvement plan was to run from September 2 through December 11. Finance Minister and Minister of National Revenue, Francoise-Phillippe Champagne instructed CRA to fix “unacceptable wait times and service delays.” Time’s up this week and CRA has released an update on progress. What gets measured, gets done. Let’s see what CRA’s metrics show. 

FIRPTA and Capital Gains on the Sale of U.S. Real Estate

More and more Canadians are purchasing U.S. real estate for personal and/or rental use so this is a very important topic to understand before the purchase is made.

What is the Maximum Claim for the Disability Amount?

The maximum federal claim for 2014 is $7,766 per adult dependant.

Tax Expert Cheryl Norton Strategizes With the $800,000 Capital Gains Deduction at DAC

Cheryl Norton brings her expertise on tax-efficient business exits to the 2014 Distinguished Advisor Conference as part of Tax Planning for the BIG Exit: Thinking Big With the $800,000 Capital Gains Deduction.

Bull or No Bull: Can You Tell?

In Managing the Bull, sophisticated (and common sense) insider financial strategies and processes are made easy to understand in a compelling and fun approach.

Become More Astute In Payroll Compliance

Can you manage the entire payroll cycle? Can you increase the after-tax results for employees? Find out how with the newly updated Advanced Payroll course.

Build Your Business. Train Your Staff. Attract New Customers.

Want to open your own tax preparation or bookkeeping business? Need to train your staff? Become a Distinguished Financial Advisor – receive 50% off your first designation course!
 
 
 
Knowledge Bureau Poll Question

It costs a lot more to go to work these days. Should the Canada Employment Credit of $1501 for 2026 be raised higher to account for this?

  • Yes
    35 votes
    87.5%
  • No
    5 votes
    12.5%