This Month’s Poll
Should the Old Age Security clawback start at a lower net income than the current $93,454?BC Still the Best Place to Earn Dividends
Knowledge Bureau has released its marginal tax rate calculations for 2013 now that all federal and provincial budgets have been released.
Trees Win: Electronic Filers 85%; Paper Filers 15%
CRA’s push to get Canadians to file their tax returns electronically has been extremely successful this year, driving a million more tax filers to use EFILING services with a professional and a million more to use NETFILING.
Winnipeg Restauranteurs Taste Tax Evasion Fines
On May 1, the Canada Revenue Agency (CRA) announced that two corporations and the director of one plead guilty to tax evasion charges in the Provincial Court of Manitoba. The fines totaled a hefty $731,986.
Families that Save Together are Powerful
Comedian Ray Romano once said, "Having children is a lot like living in a frat house – nobody sleeps, everything’s broken, and there’s a lot of throwing up.” But aside from being highly amusing calamities at times, families are also powerful economic unions which are subject to fairly complicated tax rules.
Social Impact Bonds – A New Investment Vehicle?
Recently, the federal and several provincial governments have announced their intention of introducing Social Impact Bonds.
Canada Has 16 Information Exchange Agreements with Other Countries
On May 9, the Honourable Gail Shea, Minister of National Revenue, released a statement that the US, Australia, and the UK announced they are in possession of tax-related information involving numerous trusts and companies holding assets on behalf of residents in jurisdictions around the world.
