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:Tax Court Provides Clarity on Harsh Provision
Judges are forced to apply the law as it reads, but fortunately for taxpayers there is sometimes room for interpretation.
Evelyn Jacks: Warm Holiday Counts as Reasonable Medical Expenses?
Should taxpayers be able to deduct travel expenses to warmer climates as medical expense tax credits (METCs) to alleviate pain and suffering?
How much can I claim for the Children’s Arts Amount?
Your refund can grow by up to $75 with this federal tax credit.
Medical Claims in the Year of Death
A special rule applies to claiming medical expenses when a taxpayer dies.
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Entrepreneur Jody Steinhauer Discusses Change Leadership At DAC
Jody Steinhauer brings her insight into the power of change to the 2014 Distinguished Advisor Conference as part of High Net Worth Client Spotlight: Giving Back Makes Good Business Sense.
