Tax News

Mint chair helped run alleged tax scheme

Jim Love, the chair of the Royal Canadian Mint helped arrange the transfer of millions of dollars from the descendents of a former prime minister to offshore tax havens, CBC reports.

By Staff |November 27, 2013

1 min read

Industry

Who’s on the hook for FATCA?

If your head hurts when someone mentions FATCA, you’re not alone.

By Dean DiSpalatro |November 20, 2013

3 min read

Industry

Canada has 8th best tax system in the world

Sitting steady in the top 10 ranking for the last three studies, Canada remains in 8th place when it comes to its ease of paying taxes for businesses.

By Staff |November 19, 2013

2 min read

Industry

CRA sets new OAS clawback level

Each year, certain personal income tax and benefit amounts are indexed to inflation using the Consumer Price Index data as reported by Statistics Canada.

By Staff |November 13, 2013

1 min read

Making tuition tax credits fairer

Post-secondary tax credits cost the federal and provincial governments billions of dollars each year, but are not distributed equitably and may have no proven effect in boosting enrolment, says the C.D. Howe Institute.

By Staff |November 13, 2013

2 min read

When CRA reassesses your client

Why read this? › Your clients have university-age children › Your clients or their children have been selected for CRA reviews Why was the return selected for review? Less common triggers include What to do? 1. Tell your client a review isn’t the same as an audit, which is a more extensive examination. A review […]

By Jessica Bruno |November 12, 2013

3 min read

Save tax with family loans

The minimum interest rate for family loans rose from 1% to 2% in October 2013, and should fall back to 1% in January 2014. But changes in the interest rate don’t take the lustre off this income-splitting strategy, say tax advisory and wealth management experts. Families can still benefit; the keys are understanding how the […]

7 min read

Tax News

Mint chair helped run alleged tax scheme

Who’s on the hook for FATCA?

Canada has 8th best tax system in the world

CRA sets new OAS clawback level

Making tuition tax credits fairer

When CRA reassesses your client

Save tax with family loans

What happens to unreported pension income?

Tread carefully with corporate reorganizations

Should this family move to the U.S.?