Last tax season, only 7% of all Canadian tax filers filed on paper. The CRA is pushing for zero. It continues to steer the holdouts to digitized filing by adding lots of obstacles. Most recently, it is removing almost all the schedules from the tax return package it mails. This seems unfair to people who paper file because they can’t afford a computer and internet, distrust the security of online filing and those who are neither tax or computer literate. Here’s what they are up against:
With all the “back-to-school” ads playing now, perhaps you’re also thinking about putting your professional education plan in place to map out how you will achieve your CE/CPD credits this fall.
Over the next several weeks, we will be acquainting you with the phenomenal speakers who will be sharing their thought leadership at this year’s Distinguished Advisor Conference.
The federal government is on the hunt for new tax revenue from Canada’s small businesses, mainly because of an erosion of the personal tax base and a significant shift of taxable income to the corporate tax base instead.