Canada has moved up three places to eighth in a global comparison of the most advantageous place to pay corporate taxes, placing the country in the top 10 for the first time.
Are you ready to upload supporting documents to the CRA in PDF format? The CRA is currently exploring electronic options to make it easier for you to send them supporting documentation, and you should too!
Trilogy Software is excited to announce the latest version of DoxCycle, full of improvements and suggestions from all our users: Faster page rendering, larger files, improved categorization algorithms and a new modern look and feel to coincide with TaxCycle. http://us2.campaign-archive2.com/?u=275f978966ce4a0c15c446cec&id=9e161f9842&e=5e59b28e1e&buffer_share=d04d1&utm_source=buffer
A bond or debenture is a form of debt that pays interest periodically. Depending on the type of bond or portion of the bond purchased, the tax treatment of the investment income may result in interest income, capital gains, or capital losses.
CGA Ontario continues to support the concept of unification of the accounting profession under the right circumstances. What does that mean, and to recap, why did CGA Ontario opt out of discussions? We left because we believed that no deal is better than a bad deal. November 27, 2012 And why did we think…
By now it is difficult to find a Canadian who has not heard of the buying opportunity in US vacation homes. The weakness of the US real estate market and the strength of the Loonie combine to make US vacation properties seem like a bargain to many Canadians. However, before you jump into the investment…
Ottawa, Ontario, November 30, 2012… The Canada Revenue Agency (CRA) reminds taxpayers and all tax registrants that they have until December 31, 2012, to file requests under the taxpayer relief provisions for the 2002 tax year and any reporting period that ended during the 2002 calendar year.
As the IRS promised when it issued the strict new individual taxpayer identification number (ITIN) procedures earlier this year, it has issued slightly easier procedures, effective Jan. 1, 2013, for the 2013 filing season (FS-2012-11). While some requirements have been eased slightly, others have been made more stringent. The IRS stresses that the rules will…
“Make sure that you are getting a better tax refund on the money you put into an RRSP than the tax bill you will pay when you take the money out — usually in retirement.”
Today’s ITA is used in ways that go far beyond its original intent — which was to raise government revenue. Canada’s tax system is increasingly being used to influence taxpayers’ behaviour through hundreds of special tax credits for specific groups and purposes.