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Should your client reduce their RRIF withdrawal in 2020?

A tax session at the IAFP symposium offered insight

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CRA sets family loan rate for Q4

Rate remains the same as the previous quarter

  • By: Staff
  • September 25, 2020 September 25, 2020
  • 12:35
audit-paperwork

CEWS audit requests ‘daunting,’ say tax pros

The CRA says it is in the initial phase of the audits and "proceeding cautiously"

  • By: Katie Keir
  • September 24, 2020 September 24, 2020
  • 12:57
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Design of post-CERB benefits could change, minister says

The government wants the proposed package and eligibility rules to be flexible

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CRA says U.S. Covid-19 payments not taxable in Canada

Americans in Canada who received U.S. payments won't need to include amounts in income

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Feds freeze EI premiums in response to pandemic

Employer and employee rates to remain unchanged for next two years

  • By: Mark Burgess
  • September 15, 2020 September 15, 2020
  • 11:13
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Swiss region to take cryptocurrency for tax payments in 2021

Residents of Switzerland's Zug canton will be allowed to pay taxes using Bitcoin and Ether

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Super-size me: CRA increases rate for meal claims

An overtime meal can now cost $23 without being taxable

  • By: Staff
  • September 3, 2020 September 3, 2020
  • 14:33
File

CRA adds T4 reporting requirements to validate benefit payments

Agency looks to track CERB, CEWS, CESB payments via employer data

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Canadian Chamber of Commerce launches tax system review

A panel of experts will lead an examination of how tax reform can assist the pandemic recovery

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CRA issues newsletter for registered pension plan contracts

The additional guidance reduces the risk of purchasing a non-compliant annuity

  • By: Lea Koiv
  • August 4, 2020 July 31, 2020
  • 06:00
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Help your client wind down their private corporation

Consider these tax-efficient options

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Tax planning for CERB

The Canada Emergency Response Benefit could result in taxes owing

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CRA extends tax payment deadline to Sept. 30

The agency will not charge penalties and interest if payments are made by the new deadline

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Feds expand eligibility for $600 payment to Canadians with disabilities

If the proposals are enacted, eligible Canadians would receive the payment automatically

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CRA fines Quebec man nearly $500K for tax evasion

The man used fraud to avoid payment

  • By: Staff
  • July 8, 2020 July 8, 2020
  • 14:53
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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

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A tax strategy about nothing

What Seinfeld can teach us about the value of staying the course

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Comparing Canadian and U.S. Covid-19 measures for retirees

U.S. taxpayers received greater relief for their retirement accounts

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CRA reduces prescribed rates for third quarter

The decrease creates new opportunities for tax planning

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PBO report shines light on haves vs have-nots

In wake of report, NDP and Green Party renew call for wealth tax

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Help for the social-cause sector during Covid-19

These organizations’ structures dictate CRA compliance and pandemic support

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Court case shows how much can go wrong with T5008 slip

A taxpayer was told he owed $4.1 million in taxes

Parliament Hill building closeup in Ottawa, Canada

Canadians with disabilities will receive $600 from feds

The one-time payment is for increased costs related to support workers during the pandemic

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CRA extends tax filing relief to corporations and trusts

T2 and T3 filers now have until Sept. 1