Latest news in Tax News

Canadian individual tax form T1 close-up

CRA makes one change to Q3 interest rates

The prescribed annual interest rates for Q3 2018 will remain mostly unchanged, CRA said Thursday. The only change from the previous quarter is the interest…

By: Staff
June 14, 2018 September 10, 2018
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3 exceptions for deducting cross-border retirement plan contributions

Here's who qualifies for cross-border relief

By: Jonah Ravel and Matt C. Altro
June 12, 2018 September 10, 2018
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Business speaker giving a talk in conference hall

Things we learned from CRA at STEP Canada

Everyone's favourite session covered split income and trusts

By: Melissa Shin
June 1, 2018 September 10, 2018
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Tax penalties tied to real estate increasing in Ontario, B.C.

CRA is committed to taking action against those who break the rules

By: Staff
May 18, 2018 September 10, 2018
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Goodbye tax on tax

What Ontario’s surtax elimination means

By: Doug Carroll
May 11, 2018 September 7, 2018
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Closeup of paper man pushing tax wooden block on table against gray background

How U.S. personal tax changes affect estate planning

An overview of major changes impacting Canadians with U.S. connections

By: Margaret O’Sullivan
May 8, 2018 September 10, 2018
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Owner of tax business sentenced, fined for fraudulent returns

The owner of a Brampton, Ont.-based tax preparation business received a conditional two-year sentence and almost $100,000 in fines for preparing 100 fraudulent returns, CRA…

By: Staff
May 3, 2018 May 3, 2018
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House flipping has tax consequences: CRA

If your client is considering flipping houses to benefit from strong prices, remind them of the tax consequences. Property flipping is when property owners, including…

By: Staff
April 23, 2018 September 5, 2018
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CRA reminds business owners to collect GST

For business owner clients required to collect GST, failure to do so could have serious consequences. Read: CRA investigation leads to tax evasion sentence for…

By: Staff
April 16, 2018 April 16, 2018
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Are tax refunds a cash windfall or bad planning?

How clients could be putting refund money to work year-round

By: Curtis Davis
April 13, 2018 September 18, 2018
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Managing tuition tax trouble

The limits of carrying credits forward

By: Jamie Golombek
April 13, 2018 September 7, 2018
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CRA’s last-minute filing tips

Help clients as they file and track their tax returns

By: Staff
April 13, 2018 September 12, 2018
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Tax tips for the sharing economy and cryptocurrencies

As the tax filing deadline approaches, the Chartered Professional Accountants of Canada (CPA Canada) offers the following tax tips, in a release, to share with…

By: Staff
April 3, 2018 April 3, 2018
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Essential tax numbers: updated for 2018

You have a lot to remember as an advisor, so we've assembled this handy list of tax numbers

By: Staff
April 2, 2018 August 30, 2018
10:30

What you need to know about Ontario’s budget

Missed the Ontario budget news? Check out these articles

By: Staff
March 29, 2018 March 29, 2018
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Ontario restructures personal taxes

The Ontario budget has introduced a plan to restructure the province’s tax brackets and eliminate a surtax paid by filers. The government says that in…

By: Katie Keir
March 28, 2018 September 5, 2018
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Clients’ most Googled tax questions

If your clients use Google to find tax answers, they’re not alone. Read: What’s the most tax-efficient retirement income source? Google Trends reveals that Canadians’…

By: Staff
March 26, 2018 March 26, 2018
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