What happens when the foreign tax credit is denied
Why read this? Your client is a B.C. logger or resident. What to do Claim the Logging Tax Credit If your client paid provincial logging tax, she may be able to claim a federal credit. The credit is the lesser of either 6.6667% of her logging income for the year, or two-thirds of the provincial […]
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 […]
The Independent Financial Brokers of Canada has joined forces with a coalition of associations that's campaign against a possible federal tax on private healthcare plans.
Taxes can be confusing for anyone in Canada, and more so if you’re new to the country. Read: This chart shows where your next clients will come from But if your client is a newcomer, don’t let him put off the taxman. Your client must file a return to receive a refund or to take […]
If it's public, it's fair game.
CRA has changed how you're able to gain access to a business' online tax information.
Wealthsimple has launched a new pricing structure called Wealthsimple Black for clients who invest $100,000 or more.
Good tax planning should happen year-round. So help clients get off on the right foot.
What does Budget 2017 have in store? Kim Moody, director, Canadian Tax Advisory at Moodys Gartner Tax Law in Calgary, makes six predictions on his blog — and several will disappoint people who dislike paying tax. 1. The capital gains inclusion rate may rise Prior to Budget 2016, several experts (including Moody) had predicted the […]