Changes to Paper Filing Disempowering

Last tax season, only 7% of all Canadian tax filers filed on paper. The CRA is pushing for zero. It continues to steer the holdouts to digitized filing by adding lots of obstacles. Most recently, it is removing almost all the schedules from the tax return package it mails. This seems unfair to people who paper file because they can’t afford a computer and internet, distrust the security of online filing and those who are neither tax or computer literate. Here’s what they are up against:

Move your skills beyond basic transaction data entry to developing a complete set of books for a variety of different companies with Advanced Bookkeeping for Multiple Businesses.

The Financial Assessment Calculator will help you assist your clients in making decisions about spending and saving to meet financial goals now and in the future.

Our 11th annual Distinguished Advisor Conference will have us thinking BIG. Join us November 9-12 in beautiful Horseshoe Bay, Texas. Receive best rates on pre-registration when you reserve your spot by February 15.

On January 17, 2014, CRA announced a new Registration of Tax Preparers Program (RTPP) under which it intends to have all tax practitioners register and be assigned a new PIN number so that CRA can target those with high error rates and intervene with “pre-assessment” visits to promote accuracy during tax season.

The Tax Court of Canada recently provided a favorable ruling in a case that allowed a business to claim input tax credits for amounts of GST already recovered from suppliers through credit notes.

Last week, we discussed the partial success of the Coveleys, a couple whose claim for an ABIL in 2005 was challenged by CRA.