AUTHREP Changed July 15
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.Hone Your Tax Research Skills
Dig deep on a line-by-line basis to the details you need to know to prepare a broad range of more complicated personal tax returns. Enrol in the T1 Professional Tax Preparation – Advanced course by October 16 and save $200.
Tax Efficient Gifting
As we enter the fourth quarter, you may be planning meetings with your clients to minimize the tax bite for 2013. For many clients, charitable donations form part of that plan. But how much income tax can you save by making a charitable donation.
Majority Says No to Payday Loans and Tax Discounting
Last month we asked “Do payday loan companies and tax discounting providers still have a place in Canadian financial services?”, and the results are in…
Another US Fiscal Crisis? FSB May Come to Rescue
As another financial crisis looms in the US (. . .the government runs out of money on October 1, and the US is about to hit a $16.7 trillion debt ceiling and go into default in mid-October), Lawrence Schembri, the Deputy Governor of the Bank of Canada spoke to the Certified Financial Accountants society (CFA) in Ottawa on September 24th about the necessity of the Financial Stability Board (FSB).
GAAR Turns 25
It has been 25 years since the General Anti-Avoidance Rules (GAAR) were implemented as part of our tax code; their application remains somewhat uncertain and experts disagree over its effectiveness.
Evelyn Jacks: It’s time to Assess Your Net Worth
It’s official: October 1 marks “year end tax planning season” and if you want to make it count, the best place to start making plans is to assess your personal and family net worth.
