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One of the most important campaign promises that our new Liberal government made during the election campaign was to have an equal tax system for all. With the latest news being made to the public about the amnesty that was being given to the KPMG clients this is really going to create an accountability for…
You have filed your taxes and you should be feeling great but you aren’t. If this is because you know that there were some things contained on your taxes that were not quite right, you might be feeling a few emotions. You might be feeling a little guilty because otherwise you are a honest person.…
As tax time draws near no doubt you are giving your tax affairs some thought. This past year there has been a lot of emphasis on off shore accounts that were not being claimed and basically it centers around tax evasion. This has caused the CRA to update their T1135 form regarding foreign investments.…
As we are now in the tax season you really have to take a close look at your tax obligations and what is required of you. If you are involved in foreign investments then you need to be particularly diligent about reporting using the Form 1135, as the CRA will no doubt be closely…
The best tax position to be in when it comes to Canada tax is one where you are up to date with both your business and personal taxes, and you don’t owe the tax man a single dime. Unfortunately there are a great many taxpayers that are not in this position, and some are contemplating tax disclosure…
When an individual gets behind in their taxes, it is not uncommon for a bad situation to get worse. Perhaps you didn’t file on time, and you had all the best intentions in the world of getting this matter attended to shortly after the tax deadline passed. You may have even scheduled into your roster…
Stop International Tax Evasion Program One of the items proposed in yesterdays budget by The Honourable Jim Flaherty, Minister of Finance, is to launch the Stop International Tax Evasion Program under which it will pay rewards of up to 15% of the federal tax collected to individuals with knowledge of major international tax non-compliance…
