News Room

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?

Evelyn Jacks: Audit Defence – Hire a Tax Pro

You haven't done your taxes for a year or two or more – yikes – now what? Bottom line: get on it, quickly, and more important, start a relationship with a qualified tax professional who has taken a recent audit defense course. 

Employed or Self-Employed?

Roller Hire v The Queen (2013). A common battle in the Tax Court of Canada is one between the designation of employee or independent contractor. The case of Roller Hire is a recent example, and Judge Hogan made some interesting comments for the Court.

RRSPs Down, TFSAs Up

Recent RRSP & TFSA savings statistics show that only 26% of eligible taxfilers contributed to an RRSP in 2010, but this dropped to 24%  in 2011.

Paying a Balance Due to CRA? Order a Remittance Form First.

Is it true if you have a balance owing to CRA and you do not want to pay on-line you need to call CRA for a pre-printed form?

New Form T2038 Investment Tax Credits

The Atlantic Investment Tax Credit provides a 10% refundable tax credits for certain investments in new buildings, machinery and equipment used in the Atlantic region and the Gaspé Peninsula, in farming, fishing, logging, manufacturing and processing, oil & gas, and mining industries.

Closing Down Tax Havens

Canada has one of the largest networks of bilateral tax treaties in the world. In Canada, the Government signs treaties with other nations, but Parliament must enact the laws to make the rules within them enforceable.
 
 
 
Knowledge Bureau Poll Question

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?

  • Yes
    3 votes
    9.68%
  • No
    28 votes
    90.32%