It used to be that students never really had to give much thought to taxes until they were ready to join the working world once they completed school. Now with the economy the way it is, and many families not being able to afford the high cost of education, many students have to find part…
In a recent article we touched on the CRA highlights for 2013. One of these was the pat on the back the Harper Government gave themselves in regards to Canadian seniors and taxes. Let’s take a look at these and see if this self praise is well deserved or not. Old Age credit: This has…
Most people have a certain level of fear when it comes to the CRA, especially if they are behind in their taxes. Often this fear can lead a taxpayer into deeper trouble. Instead of facing their late tax issues head on, they choose to ignore the Canada tax department. There are many different thoughts that can…
We all know that we live in a world of technology, and it certainly has it’s perks, but it can also have it down falls too. As you may be aware the CRA has really been pushing towards automation in the last little while. If it can be done by a computer then they…
Most of as Canadian tax payers just follow the laws of the land and in many cases outside of knowing about our supreme leader being the Prime Minister we tend not to pay too much attention to the other authority figures, like the leader of the CRA, for example. As Canadian citizens though, responsible…
As many Canadian taxpayers are aware, there has been quite a bit of news over the discovery of hidden records regarding offshore accounts for the supposed purposes of hiding money for tax purposes. This has resulted in several countries launching an investigation as it pertains to them. It appeared that Canada tax regulators somewhat dragged…
It is ironic that the average Canadian tax payer tries to be so vigilant on meeting their tax responsibilities yet the Canadian government lags behind in a commitment to join in world efforts to squash international tax evasion. Our counterparts such as Britain and Australia have managed to compile a list of offshore financial records…
