Testimony in the trial of suspended Conservative Senator Mike Duffy began this week, and his defence lawyer has been using the Income Tax Act to help exonerate his client.
The federal government is planning to make the Family Tax Cut permanent, but a busy Parliamentary agenda could scuttle it.
Last December we reported on tax filing concerns triggered by CRM 2 requirements for 2015. Next year’s requirements also raise tax-related issues, so the Investment Industry Association of Canada (IIAC) has prepared a plain-language tip sheet for advisors.
Help clients evaluate real estate trends, and prepare for cross-border filing.
For clients who don’t have any reportable income, or who are taking care of eligible dependants, that they should file tax returns anyways.
A possible oversight of the 2012 budget has caused civil servants to pay higher taxes, reports CBC News. How? Group sickness or accident insurance plans are now treated as a taxable benefit. The result is that these government employees, who often travel to high-risk areas to do their jobs, are being forced to pay hundreds […]
In some countries, taxpayers with simple returns don't have to file.
The Canadian Centre for Policy Alternatives (CCPA) has called for a lifetime cap of $36,500 in its 20th annual alternative federal budget.
Ensure clients watch for assessments from CRA
Winning damages isn’t guaranteed