CRA

How to avoid factual control of a corporation? Avoid influence

Clients should stay away from wielding influence over businesses they don’t want associated with their own corporations for tax reasons.

By Simon Doyle |March 23, 2017

4 min read

Industry

Canadians should use TFSAs to invest in small business: MEI

Investors get more choice, and small business gets funding, a report argues.

By Staff |February 9, 2017

3 min read

Tax News

Does going fee-based save clients tax?

Factors to consider

By Doug Carroll |January 27, 2017

5 min read

Tax News

What happens when the foreign tax credit is denied

By Jamie Golombek |January 27, 2017

4 min read

CRA business-inquiries phone line gets a C-

Third time isn’t a charm for the CRA’s business inquiries phone line. As part of its red tape awareness week, the Canadian Federation of Independent Business (CFIB) has conducted its third secret shopper evaluation of CRA’s call centre, giving it a grade of C-minus. Read: CRA tweaks process for accessing online tax info of businesses […]

By Staff |January 26, 2017

2 min read

Top tax credits and benefits for seniors

Use this list to help your senior clients ensure they claim the most common tax credits, deductions and benefits for which they’re eligible. Read: Essential tax numbers Read: Navigate RRSP attribution rules Read: CRA tweaks process for accessing online tax info of businesses

By Staff |January 18, 2017

2 min read

CRA staff snooping on tax information

CRA employees have continued to improperly look up Canadians’ private tax records for sensitive information like income, deductions, benefits, payments and employment, CBC News reports. CBC, from information obtained under access-to-information law, found nine instances of improper retrieval of tax information since the start of the year. The problem has persisted after emerging in 2009 […]

By Staff |December 21, 2016

1 min read

Reporting requirements waived for labour unions

Diane Lebouthillier, national revenue minister, has waived reporting requirements for labour organizations and labour trusts for fiscal periods starting in 2017. The requirements arise from Bill C-377, An Act to amend the Income Tax Act (requirements for labour organizations). Read: Part-time work helps Canada add 10,700 jobs That act, which came into force on December […]

By Staff |December 19, 2016

1 min read