May 2025 Poll
Does the Liberal promise expected soon to cut the lowest personal income tax rate by 1% to 14%, go far enough to help Canadians impacted by high costs?Featured Tool: CPP Income Calculator
Should you draw from the CPP early? With many new changes to the plan starting in 2012, this calculator will help you answer that question by determining break-even points along the way, while explaining the new rules and criteria. Try it with a free trial!
Maritime Provinces Raise Taxes in Recent Budgets
Over the last couple of weeks, the provincial governments in the Atlantic provinces brought down their 2013 provincial budgets.
International Tax Audit Powers Aided by Court Decision
Budget 2013 included some measures that would help the Canada Revenue Agency (CRA) find and prosecute international tax non-compliance, such as the Stop International Tax Evasion Program. A recent decision from the Federal Court, Soft-Moc Inc. v MNR (2013) FC 291, sets a precedent that strengthens the CRA’s ability to access information outside of the country.
International Tax Information Leak Exposes 450 Canadian Tax Cheats
On April 4th, the Canada Revenue Agency released two separate statements in regards to recent media coverage that has identified rampant disregard for Canada’s tax laws, specifically hiding money in offshore tax havens.
Evelyn Jacks: Economic Recovery – It Could Be Remarkable!
Canada’s household wealth grew at an annual rate of 7.8% between 2000 and 2012 according to the 2012 Credit Suisse Global Wealth Report, which also predicted last October that with moderate and stable economic growth, total household wealth will rise over the next five years by 50% around the world.
Overseas Employment Tax Credit Phased Out by 2016
For contracts made after March 28, 2012, an employee's claim for the Overseas Employment Tax Credit will be reduced.
