CRA

CRA prepares to cut red tape

The Canada Revenue Agency (CRA) is taking measures to cut red tape and support businesses in creating jobs and economic growth. As part of the initiative, called the Red Tape Reduction Action Plan, the CRA has created a dedicated team responsible for coordinating and addressing small business issues. Read: CFIB tackles small business regulatory costs […]

By Staff |October 1, 2012

1 min read

Tax News

Ensure clients register tax disputes on time

Make sure clients file Notices of Objection on time.

By Jamie Golombek |September 21, 2012

3 min read

Industry

Quebec group accuses CRA of “gross incompetence”

A Quebec advocacy group has discovered a CRA error that has allegedly cost taxpayers millions.

By Conseiller.ca Staff |September 20, 2012

2 min read

Estate Planning

Don’t fudge a business valuation

A full work up of a company’s worth helps owners avoid risks and penalties

By Sondra Stewart |September 10, 2012

3 min read

Why clients must pay back RRSP withdrawals

The HBP allows first-time home buyers to withdraw up to $25,000 from their RRSPs to assist them with buying a home. The funds need to be paid back over a 15-year period. If payment is missed in a particular year, the amount not repaid must be included in the participant’s income for that year.

3 min read

No sympathy

This past fall saw the release of six Federal Court of Appeal decisions (Stemijon Investments Limited v. A.G. Canada, 2011 FCA 299), involving the Asper Group of companies and their ongoing tiff with the Canada Revenue Agency over egregious penalties charged for the late filing of Form T1135, the “Foreign Income Verification Statement.”

4 min read

CRA

CRA prepares to cut red tape

Ensure clients register tax disputes on time

Quebec group accuses CRA of “gross incompetence”

Don’t fudge a business valuation

A look at U.S. tax exposure

Why clients must pay back RRSP withdrawals

CRA cracks down on the wealthy

How to define an estate

Avoid audits when trading options

No sympathy