CRA fines Quebec man nearly $500K for tax evasion
The man used fraud to avoid payment
Top Stories in Tax
Annual wealth tax in Canada would generate $5.6B, budget officer says
Almost 14,000 families would pay the tax on financial assets over $20 million
- By: Mark Burgess
- July 8, 2020 July 8, 2020
- 12:24
Cohabitation and property division in Ontario
The pandemic provides an opportunity for client discussion
- By: Michelle Schriver
- July 6, 2020 June 30, 2020
- 09:30
A tax strategy about nothing
What Seinfeld can teach us about the value of staying the course
- By: Doug Carroll
- July 2, 2020 July 8, 2020
- 14:30
Comparing Canadian and U.S. Covid-19 measures for retirees
U.S. taxpayers received greater relief for their retirement accounts
- By: Jonah Ravel
- June 30, 2020 June 30, 2020
- 12:04
CRA reduces prescribed rates for third quarter
The decrease creates new opportunities for tax planning
- By: Mark Burgess
- June 22, 2020 June 22, 2020
- 16:23
PBO report shines light on haves vs have-nots
In wake of report, NDP and Green Party renew call for wealth tax
- By: Greg Dalgetty
- June 18, 2020 June 24, 2020
- 18:07
What clients should know about CERB
Rules govern coordination with other benefits, repayment
- By: Jacqueline Power
- June 18, 2020 June 18, 2020
- 15:15
Help for the social-cause sector during Covid-19
These organizations’ structures dictate CRA compliance and pandemic support
- By: Rebecca Hett
- June 12, 2020 June 12, 2020
- 15:00
Why to avoid a foreign executor
In most cases the additional costs — and headaches — aren’t worth it
- By: James Dolan
- June 12, 2020 June 22, 2020
- 09:00
Court case shows how much can go wrong with T5008 slip
A taxpayer was told he owed $4.1 million in taxes
- By: Jamie Golombek
- June 12, 2020 June 22, 2020
- 09:00
How to unlock a life income fund
If clients need liquidity, there are options
- By: Curtis Davis
- June 11, 2020 June 5, 2020
- 12:00
Canadians with disabilities will receive $600 from feds
The one-time payment is for increased costs related to support workers during the pandemic
- By: Mark Burgess
- June 5, 2020 June 5, 2020
- 14:18
CRA extends tax filing relief to corporations and trusts
T2 and T3 filers now have until Sept. 1
- By: Rudy Mezzetta
- May 25, 2020 May 25, 2020
- 14:34
How small businesses without employees get shut out of benefits
More support is needed to cope with the pandemic
- By: Jim Witty
- May 7, 2020 May 12, 2020
- 14:50
Long-term care and the principal residence exemption
Can your client claim the PRE after moving to assisted living?
- By: Wilmot George
- May 5, 2020 May 12, 2020
- 15:00
When does an enduring power of attorney become active?
Knowing the answer will help you and your client prepare for incapacity
- By: Tim Brisibe
- May 8, 2020 May 12, 2020
- 15:00
TOSI exceptions for your business-owner client
Find out what the CRA says about investment income and selling a business
- By: Vivek Bansal
- March 31, 2020 March 30, 2020
- 14:30
New trust reporting and disclosure rules are coming
The idea of a “private” trust will slip from the vernacular in 2021, as the government gains new information
- By: Margaret O’Sullivan
- March 27, 2020 April 13, 2020
- 09:30