Tax News

Estate Planning

Contest unusual conditions in wills

A great uncle leaves $1 million to his nephew. But he must marry within two weeks to receive it. What now?

By Suzanne Sharma |January 26, 2013

5 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

Industry

Minimize tax on marriage breakdown

When clients separate or divorce, they may not think about taxes when dividing property.

By Frank Di Pietro |January 23, 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