News Room

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.

CRA: Reportable Transactions Add New Tax Filing Deadline

Taxpayers and their advisors have one more tax filing deadline to add to their list this year: Form RC312 must be filed before October 23, 2013 in some cases, so mark your calendars.

Boomers vs. “The Kids”

It was boomers bashing the kids in last month’s Knowledge Bureau Poll which asked, “Are today’s small businesses and their workforces prepared to grow and meet changing demands while trying to fill the knowledge and experience gaps left as baby boomers retire over the next 5 years?” 

Taxman Rules Supreme: “Gifts from God” are Taxable

The Provincial Court of British Columbia heard an interesting defence to allegations of tax evasion faced by a father and son in Nanaimo, British Columbia recently.

Evelyn Jacks: Professional Back to School Tax Savings Tips – Part 2

Last week I shared some tax tips that will help you as you plan your children's activity agendas for the year. This week I provide some tips on claiming credits for others expenses such as child care, medical, and transportation as well as how to recover refunds or missed claims.

Loan Sharks: Criminal Interest Rate Provisions Fail to Curtail Practice

Back in 1980, unanimously, and without much debate at all, Parliament enacted Section 347 of the Criminal Code with the objective of combating “loan sharks”.

Taxes on the Final Return: Avoid the Greatest Eroder of Wealth

Planning ahead can ensure more of your financial legacy remains intact once you’ve continued on with your journey.
 
 
 
Knowledge Bureau Poll Question

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?

  • Yes
    358 votes
    70.75%
  • No
    148 votes
    29.25%