Since July 15, the "Authorize a Representative" service in EFILE, accessed through tax software, will no longer be available. Tax professionals must now use the Represent a Client (RAC) portal to request online access to a client’s account.
A sound and resilient financial sector is key to making any national economy function efficiently. To that end, the Department of Finance published regulations on June 16 regarding implementation of the Bank Recapitalization (Bail-in) Regime.
Canada’s future economy will depend heavily on highly skilled workers who require post-secondary education (PSE). Employment and Social Development Canada suggests that the number is 70%(1).
There is a worrisome gap between the annual growth in Canadians’ employment income and the increase in inflation: wage growth has stalled in Canada. The result is a challenging savings environment.
Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?