Third time isn’t a charm for the CRA’s business inquiries phone line. As part of its red tape awareness week, the Canadian Federation of Independent Business (CFIB) has conducted its third secret shopper evaluation of CRA’s call centre, giving it a grade of C-minus. Read: CRA tweaks process for accessing online tax info of businesses […]
If it's public, it's fair game.
Use this list to help your senior clients ensure they claim the most common tax credits, deductions and benefits for which they’re eligible. Read: Essential tax numbers Pension income splitting — Those who receive a pension may be eligible to split up to 50% of eligible pension income with a spouse or common-law partner. Guaranteed […]
CRA has changed how you're able to gain access to a business' online tax information.
CRA employees have continued to improperly look up Canadians’ private tax records for sensitive information like income, deductions, benefits, payments and employment, CBC News reports. CBC, from information obtained under access-to-information law, found nine instances of improper retrieval of tax information since the start of the year. The problem has persisted after emerging in 2009 […]
Diane Lebouthillier, national revenue minister, has waived reporting requirements for labour organizations and labour trusts for fiscal periods starting in 2017. The requirements arise from Bill C-377, An Act to amend the Income Tax Act (requirements for labour organizations). Read: Part-time work helps Canada add 10,700 jobs That act, which came into force on December […]
The slow speed of government decisions, which can take months or years, costs Canadians time and money.
Montréal resident Timothée Bessette pleaded guilty, on November 18, 2016, to a tax fraud charge before the Court of Quebec in Longueuil.
The maximum pensionable earnings under the CPP for 2017 will be $55,300, up from $54,900 in 2016
The CRA crackdown on real estate tax fraud is producing some big numbers in audit recoveries. Read: Feds close loophole on capital gains exemption The CRA’s website shows that, for the last year and a half, audit recoveries in B.C. and Ontario total more than $240 million. In B.C., $30.3 million (from 2,366 case files) […]