People who’ve haven't paid their taxes may be able to use CRA’s voluntary disclosure program.
Trusts are key to avoiding a costly trap
Reporting requirements kick in July 1
If you weren't at this morning's STEP 2014 CRA roundtable on tax, here's what you missed.
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 July 1, 2014 to September 30, 2014.
Prominent Canadian tax experts argue Canada's FATCA implementing legislation could raise the ire of our neighbours to the south.
Tell clients the risks of unreported income far surpass the benefits
If your client sells an asset, she’ll have to pay tax on half her gains. And if another investment lost money, it can offset her capital gains and she’ll only pay tax on half of any remaining profit.
Digital currencies like Bitcoin are becoming popular in Canada. And it seems CRA took note.
CRA’s e-filing services are still down as the government tests its security patches in response to the Heartbleed bug, but the tax service says late-filing taxpayers won’t be penalized