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CRA extends tax filing relief to corporations and trusts

T2 and T3 filers now have until Sept. 1

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How small businesses without employees get shut out of benefits

More support is needed to cope with the pandemic

HALFPOINT / ISTOCKPHOTO WITH FILES FROM ANNA GRIGORJEVA / 123RF STOCK PHOTO; ICONS: 123RF STOCK PHOTO

Long-term care and the principal residence exemption

Can your client claim the PRE after moving to assisted living?

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A perfect storm is brewing for non-compliant U.S. taxpayers abroad

Subtle changes mean clients may want to act soon

  • By: Max Reed
  • May 4, 2020 May 12, 2020
  • 14:23
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Prescribed rate scheduled to drop for Q3

The lower rate creates opportunities for income splitting

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IRS provides tax relief for snowbirds stranded in the U.S.

New guidance helps people stuck south of the border due to travel disruptions

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Canada lags in fund regulation, taxation: Morningstar

Canada scored "below average" in a new report

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Advisor calls on feds to lower RDSP minimum withdrawals

The government says the pandemic may disproportionately affect those with disabilities

Sidestepping superficial loss rules

The process of selling losing investments is fairly straightforward

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Tax treatment of federal Covid-19 measures

RRIFs, CERB and working from home have tax implications

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C.D. Howe Institute calls for temporary relief on RRSP withdrawals

A suspension would provide liquidity to those who need it during the crisis, the think tank says

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Updated: U.S. taxpayer clients can ask for more time to file with the IRS

The extension request must be filed by July 15

Tax experts offer advice for business owners

From raising cash to applying for federal support, here's what your clients need to know

Part-time advisor’s business income doesn’t justify ‘staggering’ expenses

A Tax Court case shows what can happen to unsupported claims

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CRA suspends new debt collection to prevent financial hardship

Pre-existing situations will be assessed case by case

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Helping clients access new federal money

Here's a breakdown of the benefit programs and help for small businesses

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Liberals ease minimum RRIF withdrawals as part of pandemic response

Finance Minister Bill Morneau said the minimum withdrawal rate will be 25% lower for 2020

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Liberals pledge up to $82 billion in spending, deferred taxes

The unprecedented package includes a beefed-up Canada Child Benefit, GST tax credits, a wage subsidy and emergency EI benefits

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Speculation or hedge? Supreme Court rules on derivative case

The ruling has implications for tax treatment

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Tax tips for seniors

The CRA details the benefits, credits and expenses that your senior client may be eligible for

  • By: Staff
  • March 11, 2020 March 11, 2020
  • 12:42
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Tax preparer prepares for jail

The former CRA employee was sentenced to more than 4 years for tax fraud

  • By: Staff
  • February 28, 2020 February 28, 2020
  • 14:49

CRA criticized for service delays

Taxpayers’ Ombudsman issues 15 recommendations for improving the agency's performance

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Help clients calculate RRSP limits

Breaking down pension adjustments and other challenges

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Tax tips for students

The CRA provides a handy list of potential tax benefits and credits

  • By: Staff
  • February 12, 2020 February 12, 2020
  • 13:39
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Tax preparer gets jail time for fraud

Clients' tax returns were filed with phoney charitable tax credits, business losses

  • By: Staff
  • February 10, 2020 February 10, 2020
  • 12:55