Tax

Industry

11 tax strategies for your clients

Help their clients take advantage of these 11 tax-saving opportunities and strategies.

By Staff |January 28, 2013

3 min read

Industry

CRA extends hiring credit for small biz

The CRA has extended the Hiring Credit for Small Business (HCSB) for 2012.

By Staff |January 25, 2013

1 min read

Industry

What to do with worthless stock

What do you do if a deceased relative's assets includes worthless stock certificates?

January 25, 2013

3 min read

Tax News

Tax filing reform to save businesses $1.2 million

New red-tape relief for Canadian companies has been announced.

By Staff |January 22, 2013

2 min read

Industry

B.C. man sentenced for tax fraud

The Canada Revenue Agency has announced that Kamloops resident Gary William Mechar was sentenced on January 14, 2013 to four years imprisonment and ordered to pay $276,655 in restitution to two financial institutions.

By Staff |January 21, 2013

2 min read

Industry

Offshore tax evasion in Treasury, IRS crosshairs

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today issued comprehensive final regulations implementing the information reporting and withholding tax provisions commonly known as the Foreign Account Tax Compliance Act (FATCA). Enacted by Congress in 2010, these provisions target non-compliance by U.S. taxpayers using foreign accounts.

By Staff |January 18, 2013

2 min read

Industry

Does inflation affect your clients’ taxes?

Personal income tax and benefit amounts are indexed to inflation using Statistic Canada’s CPI each year.

By Staff |January 18, 2013

1 min read

Industry

Tax return help busted for tax evasion

On January 8, 2013, Joseph Wijeyesekere of North York, Ontario, pleaded guilty in the Ontario Court of Justice in Toronto to four counts of tax evasion. A fine of $21,027.50 was imposed by the court which represents 125% of the total amount evaded.

By Staff |January 15, 2013

1 min read