We’re going to wrap our series on the CRA 12 Step Red Tape Reduction Plan by finishing off with the last 2 and final steps of this plan. For many these last two steps are going to be really important. According to the CRA our Canada Tax system for the small business person is going to…
Review of CRA 12 Step Red Tape Reduction Plan Part 8,9 and 10 While for the most part many businesses deal with the small tax related items when it comes to Canada tax which are annoying enough there are some bigger aspects that have to be dealt with by some companies. These are tax rulings.…
We are more than half way through our review of the CRA 12 Step Red Tape Reduction Plan and up until this point the proposed changes all seem to be in favor of the small business person. While they are not geared towards direct Canada tax relief they are in place to make the tax system easier…
Part 4 & Part 5 In this part of the CRA red tape reduction plan the Canada Tax department is taking responsibility for their accountability for information. This is also a welcoming change. All too often advice given by the tax department in the past has either been so vague or so complex that…
With the CRA pushing for more online activity on behalf of the taxpayers, it stands to reason that they will need to make some changes as to how this will be done. Making it easier to perform tasks and navigating around the maze of information on their site regarding Canada tax would be a good step to…
Part 2 – Effective Communication to Satisfy Taxpayer Requirements Now that we have the CRA dealing with timely information, availability and clarity as we seen in part one it is time to look at part 2 of the CRA action plan. One area that they will be approaching is their communication sector. If you…
So we begin with the first part of the Canada Tax government’s approach to cutting the red tape for the small business person. No doubt this part one will be one that you can relate to if you have had any dealings with the CRA. Part 1 – Timely Information Availability and Clarity The CRA…
There are a lot of challenges for the Ontario small business owner, both for those that are just starting up and for those that are established. For start up businesses there seems to be the never ending output of cash, and then once established in means staying ahead of the competition, and dealing with a…
As Canadian tax payers it is common to pay close attention to what is taking place on the Federal tax level. It is just taken that for granted that whatever is going to take place at this level will affect the Provincial tax but on a lesser scale. As a result of this we don’t…
It doesn’t seem to matter what type of financial service you seem to need today it always involves signing something. When you have chosen the Toronto tax accountant, that you want to do your taxes whether for business or personal you will also be asked to sign something. This may be a Notice to Reader…
