Seniors Targeted? The Tax Audits Begin

The Canada Revenue Agency (CRA) routinely reviews or audits tax filings, including personal, trust, corporate, and HST returns. The most common types of reviews that focus on personal tax returns include, but are not limited to, Pre-Assessment Reviews, Processing Reviews, and the Matching Program. This year there is a new focus: the Multigenerational Home Renovation Tax Credit introduced to help families better care for their elders. But claiming it, like other tax benefits, comes with a tax snare. Read on to learn more.

The federal budget of Marsh 2012 included proposed changes to the Scientific Research and Experimental Development (SR&ED) Program. 

American Mike “Mish” Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management, who wrote the following analysis of the markets on November 28, 2012. Do you agree or disagree with his sentiments? 

Many taxpayers are shocked to learn that the bushel of apples, gaggle of geese, or services of great variety, paid to settle a debt instead of cash, all have a commercial value that may have tax implications.

This week: 10 neat things about seeds.

You may have seen Knowledge Bureau in the news recently. Here is a roundup of our recent media mentions!

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