Tax News

Industry

Is it time for small biz owners to draw dividends?

The answer depends on whether owners plan to reinvest in their businesses.

September 14, 2015

3 min read

Tax News

Write off medical pot, says CRA

Medical marijuana is now on CRA's list of eligible medical expenses.

By Staff |September 11, 2015

2 min read

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

Estate Planning

Can you really protect executors from liability?

Many people do not realize that a trustee faces a myriad of legal and fiduciary responsibilities.

By Keith Masterman |September 10, 2015

5 min read

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

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

Economic Indicators

Canadian families spend more on taxes than necessities

The average Canadian family spends more on taxes than on food, clothing and shelter combined, finds a study by the Fraser Institute.

By Staff |August 27, 2015

2 min read

Tax News

Teachers would get school supply tax break under Trudeau

Teachers and early childhood educators who pay for classroom supplies out of their own pockets would get a thank you in the form of a federal tax credit should the Liberals win the federal election this fall.

By Staff |August 26, 2015

1 min read

Economic Indicators

Harper promises tax breaks for service club volunteers

Conservative leader Stephen Harper is promising members of service organizations like the Kiwanis Club and the Rotary Club that their membership fees will be eligible for a tax credit.

By Staff |August 25, 2015

1 min read

Tax News

Keep the claws off OAS

As Canada’s baby boomers settle into retirement, many are being caught off guard by their complex financial situations

By Wilmot George |August 11, 2015

5 min read

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