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:Take Use of Trusts in Tax and Estate Planning for Summer School
Planning with trusts is becoming more and more common and if you can’t answer questions and explain the concept, your clients will find someone who can. Learn the pros and cons of all possible solutions for wealth and succession planning and earn a long-term and potentially intergenerational connection to your client and their family.
Quickly Estimate Your Tax Situation
The Income Tax Estimator is a simple calculator that helps determine total taxes paid for individuals and/or couples based on different combinations of income sources. See it in action with the following what-if-scenario and then try it for yourself, risk-free!
Governments Need to Budget Better, Not Raise Taxes
While opinions are split on whether increases to income tax or sales tax would be better, KBR readers largely agree that governments need to be more accountable for their spending and budgeting practices.
Bill C-60: Changes to the Discovery Process
Last week in the second part of our Bill C-60 series, we examined the changes to the tax court rules. This week we discuss changes to the discovery process.
Disability Awareness Week
The Honourable Jim Flaherty, Minister of Finance, issued the following statement recognizing Disability Awareness Week (May 26-June 1): "Disability Awareness Week offers Canadians an important opportunity to reflect on the varied and significant contributions that Canadians with disabilities make to our country each and every day, and the importance of helping to ensure that they and their families can participate to their fullest in the promise our country has to offer."
Evelyn Jacks: Part 1 – When Interest Is Tax Deductible
Did you know that small firms in the business sector create proportionately more jobs than large firms, especially in the early years of development?
