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:

Do you invest in U.S. securities? Are you a snowbird who escapes to your southern U.S. residence? Are you married to a U.S. citizen? Learn the tax facts regarding your U.S. financial associations with Canadians and the IRS, available now for pre-order.

Take six months to complete each course – only $99 a month – or fast track your studies with our new Blended Learning options.

Help your clients and your family with goal setting and discuss the creation of new money for savings. Three new Knowledge Bureau Calculators can help...

Join Canada's most prolific tax author, Evelyn Jacks, and Knowledge Bureau's special guest instructors at the full-day, comprehensive Personal Tax Bootcamp. Approach the busy 2014 tax season with the best tax mindset – enrol you and your team by January 10.

December 15 was the official print date of the 2013 income tax forms (as contained in General Income Tax and Benefit Package for 2013) and as of that date these forms have been available in EverGreen Explanatory Notes and can be viewed, downloaded, and printed by all current self-study students as well as to EverGreen subscribers. These forms will not be available for download from the CRA website until January 3, 2014.

The Governor of the Bank of Canada, Stephen Poloz, told a business audience at the Canadian Club in Montreal on December 12 that it is imperative to keep interest rates at their current historical low in order to stave off the threat of deflation.