CRA;

When Does It Make Sense To Do Your Own Taxes?

Cleo Hamel | Posted 03.20.2017 | Canada Business
Cleo Hamel

Taxes can be complex and most people don't want to deal with them. But unlike some tax pros that try to imply that you need a super-computer to prepare your return correctly, many people have straightforward returns that can easily be prepared yourself using a free or affordable tax software program.

Culling Cannabis Dispensaries Exposes Trudeau's Hypocrisy

Marc Davis | Posted 03.17.2017 | Canada Politics
Marc Davis

Here's my take: dispensary owners have tirelessly fought for many years for more liberalized cannabis laws. They've even racked up hefty legal bills while pleading their case to the highest court in the land. Ultimately, they've helped pave the way for the mainstreaming of medical marijuana, which has mainly benefitted "Big Business", a.k.a. LPs. So dispensaries also deserve to be accommodated when legalization finally arrives -- but with conditions.

CRA Takes Online Tax Services Down Indefinitely Amid Hacking Threat

CP | The Canadian Press | Posted 03.13.2017 | Canada Business

Services were taken down as a precaution, not because of a successful hack.

Canadians Deserve To Know Why KPMG Tax Dodgers Were Let Off Easy

Dennis Howlett | Posted 03.10.2017 | Canada Business
Dennis Howlett

It is outrageous enough that wealthy clients got off with a slight reprimand. KPMG has, so far, paid no price for their role. The committee let Canadians down by not recommending a full investigation into this case and laying charges against KPMG if the evidence warrants it. And Canadians are right to keep demanding one.

When Did Canada Become A Tax Haven?

Cleo Hamel | Posted 02.02.2017 | Canada Business
Cleo Hamel

According to recent media reports based on the Panama Papers, some see Canada as a tax haven. It may seem unlikely when you are reviewing how much tax you paid to the government in 2016 but evidently, our reputation and economy is a good venue for hiding wealth.

Seemingly Innocent Cash Deals Cost All Canadians

Gabe Hayos, FCPA, FCA | Posted 12.21.2016 | Canada Business
Gabe Hayos, FCPA, FCA

The underground economy is toxic. It costs jobs, makes it harder for above-board businesses to compete and ruins faith in our tax system. It can also leave you holding the bag when you get sub-par results or someone gets burned in a cash deal. But there is something we can all do, and it's simple.

Proving Yourself To The Taxman

Cleo Hamel | Posted 12.01.2016 | Canada Business
Cleo Hamel

No one wants to receive a brown envelope from the Canada Revenue Agency but if you file a tax return, you can expect to get some correspondence from the taxman.

What Selling Your House Can Mean For Your Next Tax Return

Caroline Battista | Posted 11.28.2016 | Canada Business
Caroline Battista

You sold your house, you survived the move and your boxes are all unpacked -- great job! That can be quite an undertaking, I know. But the work isn't quite done yet. Recently, the government announced important changes that will add an extra step to selling your home -- reporting it.

CRA Investigating Dozens Of Canadians Over Panama Papers Tax Fraud

The Huffington Post Canada | Daniel Tencer | Posted 11.14.2016 | Canada Business

Criminal investigations are "ongoing," CRA says.

Revenue Agency Scam Fools Several Saskatchewan Victims

CP | The Canadian Press | Posted 07.19.2016 | Canada Business

Victims have reported almost $70,000 in losses since the start of 2016.

Emma Paling

Here's What Canada Could Fix If Mining Company Coughs Up $2.1 Billion

HuffingtonPost.com | Emma Paling | Posted 06.24.2016 | Canada Business

If found guilty, it would be the largest tax evasion scam in Canadian history.

Fake Tax Scam Dupes Woman Out Of $8,000

The Huffington Post Canada | Emma Paling | Posted 05.01.2016 | Canada British Columbia

Police in Ontario are warning residents about the same scam.

CRA Accused Of Mailing SIN Numbers To Wrong People -- Twice

CP | Jim Bronskill, The Canadian Press | Posted 04.25.2016 | Canada Business

"I think what's really disturbing is, when it comes to data breaches, CRA is a repeat offender."

Here's How Long It Takes To Receive Your Tax Refund

Jennifer Gorman | Posted 04.12.2016 | Canada Business
Jennifer Gorman

For many Canadians, the biggest single payment they receive all year is their tax refund cheque. How long you'll wait between filing and receiving your refund depends on a number of factors.

CBC Declines To Hand Over Panama Papers Data To CRA

CBC | Posted 04.12.2016 | Canada Business

Journalists involved in Panama Papers leak will post all online in May.

CRA Aims To Get $2.6 Billion Back From Tax Cheaters

CP | The Canadian Press | Posted 04.11.2016 | Canada Business

CRA plans to stop businesses that offer tax schemes for the wealthy.

We Can Fix The Rigged Tax System Revealed In The Panama Papers

Dennis Howlett | Posted 04.10.2016 | Canada Business
Dennis Howlett

Is it collusion, corruption or just plain incompetence? That answer will likely play out over time if there is a public demand for accountability. In the meantime, Canadians need a plan to make sure that our leaders understand what we have known for a while -- the tax system is neither fair nor doing an adequate job.

A Letter To Wealthy Tax Evaders, From Your Pal The CRA

David Martin | Posted 04.08.2016 | Canada Business
David Martin

Dear valued wealthy client: First, we'd like to apologize for corresponding with you directly. We know that you prefer that we communicate with you through your accountants or your esteemed team of corporate tax lawyers.

Canadian Civil Society Organizations Need To Reinvest In Political Advocacy

Development Unplugged | Posted 04.08.2016 | Canada Politics
Development Unplugged

The prime minister and officials in Global Affairs Canada have indicated through both words and action a desire to create a more collaborative and consultative relationship with Civil Society Organizations . But are Canadian CSOs taking advantage of the thaw to engage in advocacy to hold the government to account for the impacts of its policies on global justice?

What New Canadians Should Know About Filing Taxes In Canada

Caroline Battista | Posted 03.22.2017 | Canada Business
Caroline Battista

As thousands of new Canadians settle into Canada, among the many things that they'll need to take into consideration are their tax obligations. The Canada Revenue Agency provides in-depth resources for New Canadians to learn more about our tax system, and their filing requirements.

The Enhanced UCCB Could End Up Costing You At Tax Time

Caroline Battista | Posted 03.15.2017 | Canada Parents
Caroline Battista

Only a few weeks into tax season, nearly a quarter of my clients who have children are facing the unwelcome surprise that the Enhanced UCCB, combined with the disappearance of the child amount, is actually putting them in a position where they may owe some tax this year.

The Risks Of Filing Taxes Late Or Lying About Your Income

Caroline Battista | Posted 03.09.2017 | Canada Business
Caroline Battista

You would be surprised at how many times I get asked if a person has to file their taxes. The short of it is, if you earned any income, it is in your best interest to file a tax return this year. Either to get your own money back or determine what you owe and avoid penalties.

Tax Changes That Will Impact Your Return This Year

Cleo Hamel | Posted 03.04.2017 | Canada Business
Cleo Hamel

From the Canadian Federal election to the collapse of oil prices to a jump in food prices, 2015 was a year of changes. And your tax return is no exception. But unlike previous years, there are only a few changes. However, even small changes can help you save a few tax dollars.

8 Unexpected Ways You Can Save Money On Your Tax Return

Caroline Battista | Posted 03.02.2017 | Canada Business
Caroline Battista

Even after mastering the basics of tax preparation and filing, a lot of filers will often find out new things about their tax returns that end up delivering a few more benefits along the way. I call these tax "aha!" moments.

Last-Minute RRSP Contribution? Avoid These Common Mistakes

Cleo Hamel | Posted 02.22.2017 | Canada Business
Cleo Hamel

The first major financial deadline of 2016 is February 29. This is the last day you can make a contribution to your Registered Retirement Savings Plan (RRSP) and claim the contribution on your 2015 tax return. You still have the first 60 days to make contributions but with the leap year, the deadline is midnight at the end of the month.