Where that tax payment goes
More on the prescribed annual interest rates for Q1
Following a June consultation, CRA is tweaking the VDP
The new year is expected to bring tax relief to American businesses. And that’s bad news for business north of the border. For tax rates, “the American system will go from being much more punitive to closer in line with Canada’s—likely a bit below for non-energy companies [and] higher for oil and gas producers,” says […]
Don't forget to discuss these year-end tax saving strategies with clients
A B.C. resident pleaded guilty Friday to tax evasion under the Excise Tax Act after a CRA investigation found she had forged a Residential Tenancy Agreement (RTA). Harpreet Kaur Sidhu of Burnaby, B.C., was sentenced to 12 months probation and fined $42,950—the amount of GST/HST she tried to evade, CRA said in a release. Sidhu […]
Canada’s small business lobby is calling on provincial finance ministers to push the feds to delay new income sprinkling rules set to go into effect Jan. 1. As provincial ministers gather in Ottawa to meet with federal Finance Minister Bill Morneau, the Canadian Federation of Independent Business (CFIB) wants them to pass on the call […]
Small businesses are clearly underwhelmed by CRA. The Canadian Federation of Independent Business (CFIB) gives the agency a C-grade in its latest report card. The grade hasn’t improved since the federation’s last report card in 2015. Read: CRA’s 2018 maximum pensionable earnings and other numbers “In recent years, the CRA has made efforts to improve […]
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Here's why 2018 is an important year