From an election-year budget to an advantages folio update, a look back on the year in tax news
Total TFSA assets up 19% year-over-year
A taxpayer deposited a cheque into the wrong account
Ontario man did not report more than $2 million in commission fees
The average amount identified per small business audit was $137,000
Contribution rates were also announced
If your business-owner client uses these trusts, special planning is required
Paying RRSP, TFSA investment fees from outside the accounts not an advantage
The department acknowledges there often isn't a tax motivation when doing so
A Tax Court judge found the CRA was overzealous in issuing a penalty for late filing