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.

United States Senate Approves New Online Tax Scheme

South of the border, our American friends have proposed new legislation aimed at imposing sales tax on customers shopping at large online retail websites.

Will Having a TFSA Reduce the Size of the Guaranteed Income Supplement?

With very minor exceptions, the definition of “income” used to determine the amount of the Guaranteed Income Supplement is the same as “Net Income” under the Income Tax Act. 

Understanding Synthetic Dispositions – Total Return Swap

We continue our Synthetic Dispositions series this week with a look at a total return swap.

Business Strategy Required to Manage Risk

Are you ready to grow your business?  According to Statistics Canada[1],  the top three reasons businesses fail is lack of vision, lack of knowledge, and the inability to use outside advisors effectively. 

Tax Efficiency Strategy: Earn More Tax Exempt Income

There are many sources of tax exempt income of which most people are unaware. Here's the tax secret...

FOR IMMEDIATE RELEASE: Top Advisors to Discuss Future of Financial Services

Winnipeg, MB.  Under the theme, Back to the Future, delegates at the DAC (Distinguished Advisor Conference), will explore opportunities to build on past successes and experiences in a changing environment for both tax and financial advisors.
 
 
 
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%