“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:
Wondering if we’ll ever get summer this year? Here’s something to ponder if you’re stuck at the cottage in the rain. . .the six laws of a long and happy life.
Do you know of someone dealing with the devastation of critical illness? There is much we can do from a tax efficiency point of view to help and guide families.
In our Disability Awareness series we have discussed income sources such as CPP Disability Pension, and EI. We continue that discussion with the tax consequences of other income sources that are available to those who have suffered a disability.
Do you agree that public trustees, guardians and departments supporting Indigenous Services should be able to certify impairments for the Disability Tax Credit?