In this issue, topics include: Business Loss or Personal Venture, Guaranteed Income Supplement, Charity Filing and Compliance Obligations, and more.
Review engagement reports for fiscal periods ending on or after December 14, 2017 will contain added information compared to previous reports.
The CRA can deny paying a refund where a tax return is filed more than three years after the applicable tax year. This can result in tax consequences.
Until recently, the CRA did not require a taxpayer to report the sale of their principal residence on their income tax return.
This article provides an insight into the Canadian and U.S. penalties associated with failing to maintain contemporaneous information.
The government, recognizing the need to assist those with disabilities, has created a vehicle for persons with disabilities and their families to save.
In this issue, topics include: Tax for Private Corporations, Employee Discounts on Merchandise, Death Benefits, Retirement Income Calculator and more.
On July 18, 2017, Minister Morneau introduced draft legislation that proposes to change taxation on payments to shareholders of private companies.
Minister Morneau and the Department of Finance on July 18, 2017 introduced draft legislation that proposes to change taxation rules on the conversion of income to capital gains.
The draft legislation introduced on July 18, 2017, is proposing measures to limit the ability to claim the lifetime capital gains exemption on dispositions.