It was a big year on the tax front and our reporters and expert contributors covered all the key developments. Here are the top 10 tax changes of 2014.
These rates will be in effect from January 1, 2015 to March 31, 2015.
In one of the strangest tax cases in years, an advisor went to court arguing that he should be entitled to claim an income loss of $14,000, and capital loss of $14.8 million, due to the loss of clients.
CRA has accidentally leaked the personal information of hundreds of rich and famous Canadians to CBC in response to an access to information request.
Canadians can’t always avoid CRA when working abroad
Some Canadian companies pay less tax by using byzantine structures and have come under investigation by CRA and the IRS.
CRA’s going after people who cross the line
Taxpayers with foreign assets, be they condos or stocks, have to file a T1135 every year. It used to be a straightforward process, but last year the Department of Finance turned it into a big headache.
Are fees for advisors helping clients with segregated funds tax deductible?
CRA has announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates will be in effect from October 1, 2014 to December 31, 2014.