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. 

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This week: Ten neat things about frankincense and myrhh

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Over 5 million Canadians submit their taxes online. This book by Evelyn Jacks is a must-read for the DIY tax-filer. KBR readers get $5 off if they order before January 14.

Canadians should have their financial houses in order. While Canada’s financial system is strong, says the Bank of Canada (BofC) in its December Financial System Review (FSR), it is not immune from the “challenges” that threaten global stability.

The growth of large firms — those with more than 500 employees — outstripped the growth in medium-sized and small firms between 2001 and 2008.