News Room

Bill C-31: Royal Asset and New CRA Powers Could Come Soon

Changes are coming to the Income Tax Act and both you and your clients will all be affected with new tax risks including longer tax audits. Bill C-31, which passed second reading in the House of Commons on June 3 and is now at committee stage, contains elements of previous Federal Budgets that will expand the CRA’s compliance and enforcement powers. Here’s what you need to know and pass along to your clients:

Canada’s Triple A Rating Has Been Reaffirmed

On November 13th, the Honourable Jim Flaherty, Minister of Finance, issued a positive affirmation of Canada’s credit rating.

What is a Home Relocation Loan?

Sometimes an employer will require an employee to relocate to another part of the country. In such cases, it is not unusual for a low-interest or interest-free housing loan to be granted to cushion the costs of the move.

Part 3: Reporting Segregated Funds with Guarantees at Death

Reporting for taxpayers with segregated funds that feature guarantees at death require some advanced knowledge to this properly.  

Structure a Tax-Efficient Family Income

Modern families that are successful in accumulating wealth over time use the power of their economic unit to get the best after-tax results during their lifetimes and with a tax-efficient, intergenerational wealth transfer in mind.

Highlights from DAC 2013: Back to the Future

The 10th annual Distinguished Advisor Conference was deemed to be the best yet – the speakers and sessions, networking opportunities, events, and unique Ojai moments. Here are few highlights from DAC 2013...

Leading Ladies Tell All at LeadHERship Café

Evelyn Jacks was among nine fempreneurs from across Manitoba who were interviewed by Women Business Owners Today about lessons in leadership.
 
 
 
Knowledge Bureau Poll Question

According to CRA, Canadians experience improved service delivery and responsiveness from the CRA this tax season. Do you agree?

  • Yes
    4 votes
    6.15%
  • No
    61 votes
    93.85%