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:Tax Free Savings Accounts at Death
If a surviving spouse or common-law partner is designated as a successor holder of the TFSA either in the TFSA contract or in the deceased taxpayer’s will, the successor becomes the owner of the TFSA.
What is a Principal Residence for Tax Purposes?
With the Senate scandal dominating the news, the issue of what is a principal residence for tax purposes seems an appropriate question.
Tax Consequences of Holding a Mortgage
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.
Accelerate Your Designation on the Fast-Track
For the experienced professional, get started on the Fast-Track toward designation by enrolling in November’s Corporate Tax Bootcamp.
Cameron Peters of TaxCycle at 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.
Last Day to Register for Corporate Tax Bootcamp
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.
