This Month’s Poll
Should the Old Age Security clawback start at a lower net income than the current $93,454?Consultation to Eliminate Graduate Rate Taxation of Trusts and Estates Ends December 2
Budget 2013 included an announcement that the government would be looking into measures to improve the integrity of Canada’s tax system relating to testamentary trusts.
Bill C-60: Expert Witnesses to Testify Together?
Bill C-60 proposes to implement certain provisions of the March 21, 2013 federal budget; among these, proposed legislative amendments that pertain to the audit process in the Income Tax Act, and provisions in the Tax Court of Canada Rules. Discussed below in the last of a four-part series are changes to the Expert Witness rules.
Disability Awareness: Tapping Into the CPP Disability Benefits
Last week we launched our five-part Disability Awareness series discussing tax relief for those who have become disabled and their caregivers. In this second part, we talk about income supports that are available. These articles are excerpted from Jacks on Tax, by Evelyn Jacks.
Evelyn Jacks: Part 2 – Deducting Interest in Special Circumstances
According to Statistics Canada there were 2.3 million businesses in Canada as of June 2009, with 57% of all business establishments located in Ontario and Quebec.
CRA Gives Guidance on GAAR Rulings
Since 1988, 1,125 files have been referred to the GAAR Committee, according to recent statistics from CRA; CRA presented this and other statistics as it went through the GAAR process at the CRA & Professionals Breakfast Seminar in Toronto on June 6.
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.
