The CRA TSlip Saga: An Update

This tax season has been particularly challenging for both taxpayers and tax professionals. The Canada Revenue Agency (CRA) provides tax information slips—such as T3, T4, T5, and their variations—through secure online portals: My Account and Represent a Client (RAC). This year, there were lots of problems with these portals, and now, it appears, CRA is not being quite transparent about when the slips were actually visible to clients and that doesn’t seem fair. Here’s an update on where we stand now.

Meet Dan Allen, Certified Financial Planner, Master Financial Advisor- Retirement Income Services Specialist

Three important initiatives were announced by Finance Canada this week:  a US-dollar denominated global bond issue and second, more significantly the launch of North America’s first trading hub using Chinese currency, the renminbi or RMB, which is poised to take a leading position as a global trading currency, after the US Dollar and the Euro.

As of March 1, 2015 just over three million personal tax returns had been received by CRA and not surprisingly, only 13% of these returns were paper-filed – everything else was filed with CRA electronically. 

The agenda for the June Distunguished Advisor Workshop (DAW) is starting to fill up.... have you filled out your application form yet?

Saskatchewan Finance Minister Ken Krawetz brought forward the 2015-2016 budget for the province March 18 and as expected announced a surplus.

As a professional, you can work the room like a professional.