Tax News

How Trump’s new tax act hurts Americans in Canada

Life is even more challenging for many U.S. citizens in Canada who operate businesses

By David A. Altro |July 11, 2018

3 min read

Industry

Using life insurance under new passive income rules

Life insurance should already be on the radar of business owners

By Katie Keir |July 9, 2018

8 min read

Industry

CRA joins allies to fight international tax crime

The CRA has joined tax enforcement authorities from the U.S., U.K., Australia and the Netherlands

By Staff |July 4, 2018

1 min read

Tax News

Canada missing up to $3 billion in individual offshore income: CRA

Since 2016, CRA has been analyzing different components of Canada’s tax gap

By Staff |June 28, 2018

2 min read

Tax News

Your client’s tax return is being reviewed—now what?

Help them avoid panicking with the following tips

By Staff |June 27, 2018

1 min read

Tax News

Senate report calls for improved DTC, RDSP eligibility

Requiring DTC eligibility for the RDSP is too restrictive, the committee said

By Staff |June 27, 2018

2 min read

Advisor's Edge

There may be relief for delinquent T1135 filers

New case requires CRA to reconsider penalty for late reporting

By Jamie Golombek |June 18, 2018

3 min read

Tax News

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 rate for corporate taxpayers’ pertinent loans or indebtedness, which is down to 5.16% from 5.18% in Q2. Last quarter, CRA increased the rate for family loans for the first time […]

By Staff |June 14, 2018

1 min read

Industry