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:

Better Manage Owner-Manager Compensation Discussions

As a result of recent corporate tax rate changes and adjustments to the taxation of dividends, one of the key issues faced by the owner/manager of a private business is how to best manage his or her compensation to maximize the amount of after-tax income available to the family.

Life Purpose

"Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world." Desmond Tutu

Early Retirement Your Employer’s Idea? You Have Options

For those who become unemployed, Employment Insurance (EI) benefits may be available and they are taxable. In addition, if you are a high-income earner in the year you receive the benefit, these benefits may also be subject to repayment.

Proposed CPP Enhancements: A BIG Hit for Proprietors

Recently, federal and provincial finance ministers met to discuss enhancements to the Canada Pension Plan. Here’s what’s going to change and when.

Back to School? Encourage Fitness Now – Tax Credits End in 2017

There are big changes coming for families who get the refundable Children’s Fitness Tax Credit, so use it before you lose it!

Brexit: A Time for Trusted Advisors Who Know the Elements of Real Wealth Management to Shine

With the recent Brexit vote and the US presidential election around the corner, markets are volatile. What hasn’t changed, however, is that for most families, taxes continue to be their largest single lifetime expense. As a result, competent wealth managers with a specialization in both taxes and investment management services are in high demand.
 
 
 
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