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:

CRA reveals that Social Insurance Number data for 900 taxpayers was accessed through its systems due to the Heartbleed bug.

The 2014 Nova Scotia provincial budget was tabled on April 3, 2014. The budget contained no new taxes or credits, but it did contain several adjustments.

The Newfoundland and Labrador provincial budget was presented on March 27. The budget contained a number of tax changes.

The Quebec provincial budget was delivered on February 20. The budget introduced provincial changes that match the recently-announced federal changes.

The Northwest Territories budget was delivered on February 6. The budget contained no income tax measures.

The New Brunswick provincial budget was delivered on February 4. The budget reduces the deficit but a balanced budget is not expected until 2017. The budget promised a 3% increase in social assistance rates beginning in April.