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:

With the Senate scandal dominating the news, the issue of what is a principal residence for tax purposes seems an appropriate question.

Where a taxpayer has disposed of a capital property and a portion of the proceeds is receivable after the end of the taxation year, the taxpayer may claim a reasonable capital gain reserve for the funds not yet received.

For the experienced professional, get started on the Fast-Track toward designation by enrolling in November’s Corporate Tax Bootcamp.

Knowledge Bureau is pleased to welcome Founder and CEO of Trilogy Software, Cameron Peters, as our special guest on our November Corporate Tax Bootcamp tour.

Earn up to 30 CE/CPD credits through blended-learning activities in our November Corporate Tax Bootcamp. Register today for your final opportunity to secure your spot.

Do you wish you could better communicate your intrinsic value to others? Reserve Empower Your Presence by Canadian author Catherine Bell now — makes a great gift for your staff or young stars in the family and it will be available early November. Bulk orders qualify for significant discounts.