No matter how many politicians in Ottawa may prefer to settle cases, the hired guns at the Department of Justice don't seem to have been copied on that memo. Their mandate is to litigate, and their client -- the CRA -- has infinitely deep pockets. So there is no reason to settle, and no reason to refrain from motions and appeals, regardless of how many lawyer-hours are spent.
Our government is taking action to ensure that our tax laws are respected, while simultaneously working at home and abroad to ensure that our tax system meets Canadians' expectations of fairness and transparency. We are supporting international talks to better share information and working to close loopholes.
It is nice to receive a cheque from the government but a tax refund is not good, because you are only receiving your own money back. Your tax refund is money you have overpaid the government during the year. You want to pay the right amount of tax during the year, rather than give the government an interest-free loan.
Filing your tax return may seem like an unnecessary task if you earned little to no income during the year. Or if you are expecting a refund, your attitude may be that there is no rush to file by the April 30 tax deadline. However, there are some very good reasons to file your tax return on time every year.
Canada Revenue Agency (CRA) has a provision for individuals living with a disability to claim a disability tax credit. While this has been in place for a long time, it was just a few years ago that individuals with Attention Deficit Hyperactivity Disorder (ADD/ADHD) were allowed to claim the tax credit, if they meet the criteria as set out by CRA.
I'm speaking, of course, of the Ontario Interactive Digital Media Tax Credit, or OIDMTC for short(er). This is a largely untapped provincial credit for which awareness and comprehension is low, but which can be a game-changer for SMEs; one Ontario online-gaming company recently received a cash refund of $1.4 million, which they were able to reinvest in the company to purchase new equipment, hire new staff and expand services.
Last week, Canadian Mennonite magazine revealed that it had been threatened by the government. A Canada Revenue audit team the magazine that it could lose its charitable status because of what it published. CRA found some 2011 articles to be in violation of the Income Tax Act which forbids "the direct or indirect support of, or opposition to, any political party or candidate for public office." Where is this taking Canada? Will we be a nation without dissent, without criticism, without discourse? A nation where even the most well-meaning and well-respected charities must keep silent on everything or risk the wrath of government?
Recent developments with regards to overseas tax evasion, as well as the broader issue of the management of operations at the Canada Revenue Agency, have come at an opportune time. Prime Minister Harper's recent changes in the senior ranks of the public service have created an opening at the top of CRA, representing a golden opportunity to revitalize the troubled Agency.
A Hindu temple has been fined $301,869 by the Canada Revenue Agency for sending money to "non-qualified donees," which include a group th...