CRA

Tax relief deadline looms for 2007 requests

CRA reminds taxpayers that they have until Dec. 31, 2017, to make taxpayer relief requests related to 2007. The deadline applies to relief requests for: In a release, CRA says that, if taxpayers are involved in a tax process with the agency—including an audit, objection, or appeal for the 2007 tax year, or a reporting […]

By Staff |December 20, 2017

2 min read

Advisor's Edge Report

Who is Canada’s Receiver General?

Where that tax payment goes

By Simon Doyle |December 15, 2017

3 min read

Industry

CRA tightens reins on Voluntary Disclosures Program

Following a June consultation, CRA is tweaking the VDP

By Staff |December 15, 2017

2 min read

Industry

CRA investigation leads to tax evasion sentence for B.C. developer

A B.C. resident pleaded guilty Friday to tax evasion under the Excise Tax Act after a CRA investigation found she had forged a Residential Tenancy Agreement (RTA). Harpreet Kaur Sidhu of Burnaby, B.C., was sentenced to 12 months probation and fined $42,950—the amount of GST/HST she tried to evade, CRA said in a release. Sidhu […]

By Staff |December 11, 2017

1 min read

CRA gets “C” for satisfactory: CFIB

Small businesses are clearly underwhelmed by CRA. The Canadian Federation of Independent Business (CFIB) gives the agency a C-grade in its latest report card. The grade hasn’t improved since the federation’s last report card in 2015. Read: CRA’s 2018 maximum pensionable earnings and other numbers “In recent years, the CRA has made efforts to improve […]

By Staff |December 7, 2017

2 min read

CRA expands tax help for small business

CRA has expanded its liaison officer service for small businesses. Read: Small business sentiment improves in November Specifically, CRA now accepts requests from unincorporated small businesses for visits from liaison officers to answer tax questions. Previously, visits to businesses were initiated by CRA. Small business groups or associations may also request in-person seminars from CRA […]

By Staff |December 4, 2017

1 min read

RRSP overcontribution woes

Statistics Canada data released in September 2017 shows that clients are embracing retirement savings accounts. According to the data, nearly two-thirds of Canada’s 14 million households made some form of retirement contribution in 2015. About 40% of households contributed to a TFSA, 35% to an RRSP and 30% to a registered pension plan. Almost 10% […]

4 min read

CRA

Tax relief deadline looms for 2007 requests

Who is Canada’s Receiver General?

CRA tightens reins on Voluntary Disclosures Program

CRA investigation leads to tax evasion sentence for B.C. developer

CRA gets “C” for satisfactory: CFIB

CRA expands tax help for small business

When DTC eligibility is in dispute

How CRA spends your tax dollars

New option for simple trust tax filing

RRSP overcontribution woes