Time’s Up: CRA’s 100 Day Mandate for Improvement

After years of frustration on the part of tax professionals and taxpayers alike, the Finance Minister ordered the Canada Revenue Agency to clean up its act in 100 days. Specifically, the improvement plan was to run from September 2 through December 11. Finance Minister and Minister of National Revenue, Francoise-Phillippe Champagne instructed CRA to fix “unacceptable wait times and service delays.” Time’s up this week and CRA has released an update on progress. What gets measured, gets done. Let’s see what CRA’s metrics show. 

Under certain circumstances, taxation rules state that a transfer of property has occurred, even without a purchase or sale.

Finance Canada’s new law on Reportable Transactions (subsection  237.3) co-exists with the General Anti-Avoidance Rules (GAAR in S. 245) in an interesting way. 

10,000 boomers are turning age 65 every day in America, but are they ready to retire financially? In this session, you will be challenged to consider how to best change behaviors to create “super savers”.

Learn how to prepare T2 returns for 4 types of micro businesses and gain a deeper understanding of the business issues and tax options that apply to personal/corporate tax planning at our November Corporate Tax Bootcamp. Register by October 15 for best fees.

Another person’s life story may be the nudge you need to move in a new direction. Be inspired by 50 outstanding Canadians as they tell the life lessons they learned at the School of Hard Knocks. A must-have guide for young leaders, parents, business executives and bright stars everywhere.

Achieve double-digit returns in your plans for Real Wealth Management™ with your clients with our T1 Professional Tax Preparation – Basic course. Learn to prepare returns using 3 popular tax software programs, too! Enrol by September 25 and save $200 on tuition rates.