Time’s Up: CRA’s 100 Day Mandate for Improvement

After years of frustration on the part of tax professionals and taxpayers alike, the Finance Minister ordered the Canada Revenue Agency to clean up its act in 100 days. Specifically, the improvement plan was to run from September 2 through December 11. Finance Minister and Minister of National Revenue, Francoise-Phillippe Champagne instructed CRA to fix “unacceptable wait times and service delays.” Time’s up this week and CRA has released an update on progress. What gets measured, gets done. Let’s see what CRA’s metrics show. 

Personal tax planning for the Owner-Manager begins with corporate tax planning. As setting the fiscal year-end in the last have of the year can be very advantageous, this means corporate tax planning is now.

FOR IMMEDIATE RELEASE – Monica Weissmann is an independent financial advisor who runs her business on the Manulife Securities platform. Her path into the financial services industry is a unique one.

On August 26, make sure you check out our Academic Excellence Issue of Knowledge Bureau Report.

The Investment Industry Association of Canada (IIAC) believes that increasing RRSP contribution maximums would help pre-retirees, and that deferring capital gains when shares of a small business are reinvested within six months of a sale would be a great way to boost economic growth.

A recent decision of the Supreme Court of Canada was extremely costly for the appellant and has vast implications for tax preparers and tax advisors across Canada.

The statistics are overwhelmingly in favor of the higher educated when it comes to making the top 10% of income in Canada.