News Room

CRA’s Callback Service for Tax Pros Pilot

Are you a tax professional with years of experience? Have you ever felt frustrated after calling the CRA, having spent hours on hold, wasting your client’s or employer’s time, only to speak to CRA agents who aren’t qualified to answer your questions? The Auditor General of Canada was equally displeased in a scathing report last fall on wait times and accuracy levels at the CRA. Now a new CRA callback service may come to the rescue this tax season. Here is my experience with the pilot project so far:

Canada “Celebrates” 100 Years of Income Tax

National income tax is such a given in western economies that we lump it in with death as being unavoidable and portray the “Taxman” as some kind of grim reaper. But, in reality, federal income tax is a fairly recent invention — in Canada, we’ve just now reached the 100-year anniversary of the practice.

Canada in Top Five for Pension Fund Assets

Canada now ranks No. 5 globally by share of pension fund assets, according to new research by Willis Towers Watson. What does this mean for advisors and their clients?

Life Purpose: Ideas vs Execution

“Ideas are a commodity. Execution of them is not.” —Michael Dell, founder & CEO, Dell Technologies

13 Reasons to Attend the Distinguished Advisor Conference Nov. 5-8 in Kelowna

Plus, find out who the lucky winners are to the DAC trivia contest!

Thought Leaders: What Characteristic Should Every Entrepreneur Possess?

Our new Executive Business Builders Network features some of the best entrepreneurial minds in the financial services industry. As we band together to future-proof this industry and our careers through discussion, we’d also like your feedback.

How Can Advisors Address Canada’s Debt Issue?

The Bank of Canada’s interest rate hike this month and the increase of prime rates by the big banks have made effective debt management even more important for Canadians.
 
 
 
Knowledge Bureau Poll Question

Do you enjoy reading breaking tax and financial news in Knowledge Report? Please tell us why/why not?

  • Yes
    30 votes
    100%
  • No
    0 votes
    0%