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:Grad Spotlight - How Doris Expanded Her Tax Knowledge Base and Grew Her Business
Doris Woodman-McMillan earned her DFA-Tax Services Specialist™ designation in 2008, and has been active Knowledge Bureau as a presenter and content beta tester. We are pleased to have Doris as one of our distinguished grads.
Hospital Parking to be Exempt from GST/HST
The federal government announced on January 24 that a new exemption would be available on hospital parking costs for patients and their visitors. Comments on the proposals are to be submitted to Finance Canada by February 24.
Northern Residents Deduction
If you lived in a prescribed northern or intermediate zone for a period of at least six consecutive months beginning or ending in a taxation year, you may claim the Northern Residents Deduction on Line 255 by filing Form T2222 Northern Residents Deductions.
What are the new rules for Foreign Holdings reporting?
Very important changes are coming through for those who have assets offshore.
We’re Growing…Please Join Us!
Our school is growing and we are looking for highly engaged, enthusiastic and committed individuals for the positions of Assistant Registrar, Income Analyst, and Sales Executive.
New Course Released: Intermediate Tax Preparation
Keeping up-to-date on what’s new in tax and refreshing your skills in time for tax season is critical. Ensure your knowledge and tax skills are current with Intermediate Tax Preparation.
