Changes to Paper Filing Disempowering

Last tax season, only 7% of all Canadian tax filers filed on paper. The CRA is pushing for zero. It continues to steer the holdouts to digitized filing by adding lots of obstacles. Most recently, it is removing almost all the schedules from the tax return package it mails. This seems unfair to people who paper file because they can’t afford a computer and internet, distrust the security of online filing and those who are neither tax or computer literate. Here’s what they are up against:

Your marginal tax rate is linked to your tax bracket and analyzes how much you’ll pay on the next dollar you earn from various income sources. This is an important concept too—not all income sources are taxed alike.

Join us at the one-day Audit Defence Bootcamp to not only better understand your obligations to CRA and regulators, but how to excel as an educator and advocate for clients undergoing life changes such as dealing with incapacity, estate freezes, or family trusts. Register before May 15 to guarantee your seat at this popular event.

Now is the perfect time to look ahead and plan the training needs for you and your team for next tax season. The DFA-Tax Services Specialist™ Designation is a well-rounded program for those who wish to specialize in T1 tax preparation and planning. Enrol by June 15 and attend DAW as our guest.

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Advise your clients on the tax impact of various events on both sides of the border. Enrol in Cross Border Taxation – try the first chapter for free!

Should joint tax filing to enable full family income splitting be allowed? 70% of KBR readers say ‘yes.’