Taxation

Tax News

5 ways to reduce tax exposure

Revenue Canada’s recent initiatives target wealthy business owners. Here are legit ways to reduce clients' tax exposure

By John Lorinc |October 3, 2012

6 min read

Industry

The underground economy hurts all Canadians: CRA

Last week, StatsCan released new underground economy (UE) estimates for Canada. They’re based on activity from 1992 to 2009, and will be used to help enhance compliance with Canada's tax laws.

By Staff |September 28, 2012

2 min read

Tax News

Cope with inter-jurisdictional tax problems

Many immigrant clients incur penalties for accidentally disobeying tax laws. When that happens, they may blame you, so learn the common errors.

By Melissa Shin |September 5, 2012

2 min read

Tax News

VIDEO: When to harvest tax losses

Most advisors wait until the end of the year to harvest tax losses. But by that time, the losses may have disappeared -- and the tax-planning opportunities with them.

By Staff |August 17, 2012

1 min read

Why clients must pay back RRSP withdrawals

The HBP allows first-time home buyers to withdraw up to $25,000 from their RRSPs to assist them with buying a home. The funds need to be paid back over a 15-year period. If payment is missed in a particular year, the amount not repaid must be included in the participant’s income for that year.

3 min read

India irks international investors

Notorious for its tight capital controls and glacially paced market reforms, India has now displeased foreign investors with a bevy of new taxes proposed recently in the Finance Bill 2012. The international media wasted no time in drawing attention to the widespread concern for, and reconsideration of, the costs and benefits of investing in India. […]

2 min read

No sympathy

This past fall saw the release of six Federal Court of Appeal decisions (Stemijon Investments Limited v. A.G. Canada, 2011 FCA 299), involving the Asper Group of companies and their ongoing tiff with the Canada Revenue Agency over egregious penalties charged for the late filing of Form T1135, the “Foreign Income Verification Statement.”

4 min read

Have your cake and write it off

During the early years of my career, I worked in the educational conference field—initially in not-for-profit academia, and later in the very competitive one-day commercial conference segment—delivering tax, insurance and investment content to professionals. Much of this came back to me while reading a recent tax appeal of a CRA reassessment denying deductibility of certain catering expenses.

January 1, 2012

3 min read

Taxation

5 ways to reduce tax exposure

The underground economy hurts all Canadians: CRA

Cope with inter-jurisdictional tax problems

VIDEO: When to harvest tax losses

Make a business sale tax efficient

Why clients must pay back RRSP withdrawals

India irks international investors

Avoid audits when trading options

No sympathy

Have your cake and write it off