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:Understanding Conflicts of Interest: Tips from the Tax Court
Canadian National Railway Company v McKercher LLP and Gordon Wallace, 2013 SCC 39
CPP Contributions for the Self-Employed Required Until Age 65
Self-employed taxpayers who are receiving a CPP retirement pension must continue to contribute to CPP until they are at least 65.
When do I have to pay tax on alimony or spousal and child support payments?
The rules differ for spousal and child support, as explained below.
Life Expectancy and the OAS Postponement Issue
According to a Canadian Institute of Actuaries (CIA) study published by advisor.ca, the life expectancy of a 60-year-old male today has increased by 2.9 years (from 24.4 to 27.3 years), while the life expectancy of a 60-year-old female has increased by 2.7 years (from 26.7 years to 29.4 years).
Back to School Tax Tips for Students
With back-to-school just around the corner, there are several important recent tax issues for students that will be helpful to keep in mind for the year ahead.
Good News: Knowledge Bureau Secures More Rooms in Ojai for DAC 2013
It’s not too late – call us today to reserve your spot at the Distinguished Advisor Conference. We have been able to secure a small block of additional rooms at our spectacular venue. Please call today to register for the 10th annual Distinguished Advisor Conference, November 10-13.
