Tax

CRA accuses KPMG of offshore tax scheme Fallback Image Decorative pattern

Tax News

CRA accuses KPMG of offshore tax scheme

CRA has accused accounting firm KPMG of devising an elaborate offshore tax avoidance scheme that enabled at least one wealthy Canadian family to pay no tax on millions of dollars of investments, reports CBC.

By Staff |September 10, 2015

1 min read

Tax preparer extradited to Canada for fraud Fallback Image Decorative pattern

Tax News

Tax preparer extradited to Canada for fraud

Canada has extradited a former tax preparer from Italy to serve a 10-year sentence for tax fraud, CRA says.

By Staff |September 8, 2015

2 min read

Advisor’s favourite songs about money Fallback Image Decorative pattern

Industry

Advisor’s favourite songs about money

Happy Friday, everyone.

By Philip Porado |September 4, 2015

3 min read

New donation rules would cut tax for rich Fallback Image Decorative pattern

Tax News

New donation rules would cut tax for rich

Publicly traded securities donated to registered charities are exempt from capital gains tax. The government is now eyeing implementation of a Budget 2015 proposal that would give the same treatment to private company shares and real estate, notes Kim Moody, director at Moodys Gartner Tax Law in Calgary.

By Staff |August 31, 2015

1 min read