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:

We continue our Synthetic Dispositions series this week with a look at an example of a Put-Call Collar and the effect of the March 21, 2013 federal budget has on reporting requirements.

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A perfect graduation gift, The Smart, Savvy Young Consumer provides great advice on how to make smart decisions with your money early in life, paving the way for a rich future. Buy 3, Get 1 Free.

Use of Trusts in Tax and Estate Planning.

Try Knowledge Bureau’s suite of 14 calculators – these tools are an invaluable source of quick solutions and provide an easy way to test scenarios with your clients. Try them risk-free!

In the first article of our Bill C-60 series in our May 22 issue of KBR, we looked at the proposed amending of the audit process. This week we examine the changes to the tax court rules.