Tax News

Industry

CRA tightens reins on Voluntary Disclosures Program

Following a June consultation, CRA is tweaking the VDP

By Staff |December 15, 2017

2 min read

Advisor's Edge Report

Is being a single-income household financially feasible?

A look at the financial, tax and intangible considerations

By Curtis Davis |December 15, 2017

5 min read

Tax News

How U.S. tax reform threatens Canadian corporates

The new year is expected to bring tax relief to American businesses. And that’s bad news for business north of the border. For tax rates, “the American system will go from being much more punitive to closer in line with Canada’s—likely a bit below for non-energy companies [and] higher for oil and gas producers,” says […]

By Staff |December 14, 2017

2 min read

Economic Indicators

Canada tops G7 for ease of paying taxes: report

But that position may slide with the federal government's proposed tax changes

By Staff |December 14, 2017

2 min read

CRA investigation leads to tax evasion sentence for B.C. developer

A B.C. resident pleaded guilty Friday to tax evasion under the Excise Tax Act after a CRA investigation found she had forged a Residential Tenancy Agreement (RTA). Harpreet Kaur Sidhu of Burnaby, B.C., was sentenced to 12 months probation and fined $42,950—the amount of GST/HST she tried to evade, CRA said in a release. Sidhu […]

By Staff |December 11, 2017

1 min read

CFIB pushes provincial ministers to seek income sprinkling delay

Canada’s small business lobby is calling on provincial finance ministers to push the feds to delay new income sprinkling rules set to go into effect Jan. 1. As provincial ministers gather in Ottawa to meet with federal Finance Minister Bill Morneau, the Canadian Federation of Independent Business (CFIB) wants them to pass on the call […]

By Staff |December 11, 2017

2 min read

CRA gets “C” for satisfactory: CFIB

Small businesses are clearly underwhelmed by CRA. The Canadian Federation of Independent Business (CFIB) gives the agency a C-grade in its latest report card. The grade hasn’t improved since the federation’s last report card in 2015. Read: CRA’s 2018 maximum pensionable earnings and other numbers “In recent years, the CRA has made efforts to improve […]

By Staff |December 7, 2017

2 min read

Tax News

CRA tightens reins on Voluntary Disclosures Program

Is being a single-income household financially feasible?

How U.S. tax reform threatens Canadian corporates

Canada tops G7 for ease of paying taxes: report

Feds clarify income sprinkling proposal

Asking clients these 10 questions can help reduce tax

CRA investigation leads to tax evasion sentence for B.C. developer

CFIB pushes provincial ministers to seek income sprinkling delay

CRA gets “C” for satisfactory: CFIB

CRA’s 2018 maximum pensionable earnings and other numbers