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:

With all the dreary economic news, it’s not unusual for businesses to hit a bump in the road, something astute professional advisors should watch closely as our guest columist, Andy Fisher, of the Small Business Restructuring practice at Farber Financial Group explains.

Soar Higher! You won’t want to these 20 thought-provoking speakers, who will bringing to you cutting edge interpretation of global events, including the results of the controversial U. S. election night, and their sage insights designed to help you maximize your greater potential.

Today’s professional tax and financial advisors work within a changing environment in which clients are more willing to pay for knowledge and interpretation.  Highly informed clients, especially Millennials and their retiring parents, demand an expanded knowledge base in the value proposition they are willing to pay for.

“Only when the last tree has died and the last river been poisoned and the last fish been caught will we realize we cannot eat money.” Indian Proverb

Knowledge is power, but education is expensive. What are the funding options? Join us in this first of a series to sort it all out.  Bottom line:  it depends on who you are and where you live.  Our veterans, for example, have just had the lovely news that up to four years of free education at a post-secondary school may be possible.

CRA has provided an update to its audit position on campgrounds and the use of the Small Business Deduction when there are fewer than five full time employees.  The degree to which significant additional services are “integral to the success of its business operations” will make the difference for campgrounds which do a bit of both:  in fact the more services provided, the better the chances that the SBD may be allowed.