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:

This week: Ten neat things about frankincense and myrhh

This simple yet powerful one-page calculator will help you demonstrate various tax scenarios to your clients to determine the greatest benefit regarding their incomes. Try it for free!

Over 5 million Canadians submit their taxes online. This book by Evelyn Jacks is a must-read for the DIY tax-filer. KBR readers get $5 off if they order before January 14.

Canadians should have their financial houses in order. While Canada’s financial system is strong, says the Bank of Canada (BofC) in its December Financial System Review (FSR), it is not immune from the “challenges” that threaten global stability.

The growth of large firms — those with more than 500 employees — outstripped the growth in medium-sized and small firms between 2001 and 2008.

It’s Christmas time and the spirit of giving fills the frosty air, at least here in Manitoba, where we are surely in for a traditional, cold winter.