News Room

KBR Poll: A Huge Opportunity for Tax Reforms

The Knowledge Bureau News Network was vibrant last month, especially in the Knowledge Bureau Report Poll. Over 98% of readers who answered overwhelmingly were in favor of tax reforms and they had some great comments as well. Take a look:

The law determines judges’ decisions

A recent Tax Court of Canada (TCC) decision shows that, despite personal feelings of sympathy, judges must follow the letter of the law.

Tax preparers and filing electronically

As of January 2013, tax preparers who receive payment to prepare more than 10 income tax returns in a year will be required to file those returns electronically.

Improving cross-border tax compliance

Canada and the United States are working toward improved cross-border tax compliance.

News from Tax Court: Crown appeals Guindon

The Crown has appealed a recent Tax Court of Canada (TCC) decision that ruled penalties were criminal in nature, not civil. If the ruling is upheld, advisors will come under increased scrutiny.
 
 
 
Knowledge Bureau Poll Question

Does the new government’s 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? What are alternatives in your view?

  • Yes
    5 votes
    9.8%
  • No
    46 votes
    90.2%