CRA

Tax credits for taxing times

Don’t let the 12-page and eight and a half foot long Disability Tax Credit application form – T2201 – deter you from getting what is rightfully yours. And while you’re at it, let your advisor help you use lucrative tax credits to offset medical costs. The time to understand tax consequences of serious illness is […]

By Vikram Barhat |November 19, 2010

4 min read

How to play the claim game

No matter what they do, financial advisors are going to get sued. And what’s worse is the court is not a level playing field. An ounce of prevention, therefore, is worth a pound of cure, says Ruth Mercer, senior general adjuster for Crawford & Company (Canada) Inc. Speaking to the audience at the Independent Financial […]

By Vikram Barhat |November 4, 2010

4 min read

CRA goes after dodgy donors

Time is fast running out for the patrons of “gifting tax shelters” making questionable charitable donations in the hope of making a fast buck. The Canada Revenue Agency (CRA) is tightening the noose around those who are using questionable tax shelter programmes to claim phoney charitable donations. Such schemes typically give the donor a tax […]

By Vikram Barhat |September 16, 2010

3 min read

Taking on the CRA

Once in a while, it’s refreshing to see a financial advisor take on the Canada Revenue Agency over business expenses and ultimately succeed — in getting at least some originally disallowed expenses permitted.

September 1, 2010

3 min read