Tax & Financial Planning for Canadians

07/29/2021

Really great articles from government of Canada.

Educational materials to help students and adults increase their financial knowledge and skills.

11/03/2015

Toronto tax litigation lawyer David Rotfleisch discusses why using a corporation for active income does not always result in tax savings.

11/01/2015

Gift certificates

Legislative reference: Section 181.2 of the Excise Tax Act (''ETA'')181.2 Gift certificates — For the purposes of this Part, the issuance or sale of a gift certificate for consideration shall be deemed not to be a supply and, when given as consideration for a supply of property or a service, the gif…

03/05/2015

http://www.cbc.ca/news/business/taxes/tax-time-2015-why-tax-cheats-in-canada-are-rarely-jailed-1.2960595

If you're going to get caught cheating on your taxes, get caught in Canada. You might have to repay every red, withheld cent — plus fines and interest. But once the Canada Revenue Agency is done with you, there's a good chance you won't also be in prison.

02/24/2015

http://taxinterpretations.com/?p=34461

Bakorp was found by CRA to have underpaid its Part IV tax for 1993, and overpaid for 1995. When CRA reassessed in 2000, it applied the 1995 overpayment to the 1993 year and assessed interest from the 1993 underpayment date up to 2000.

01/09/2015

it is really scary if Toronto housing market collapse.

Canada's housing and private debt situation may be shaky

01/04/2015

http://www.theglobeandmail.com/globe-debate/why-did-revenue-canada-get-away-with-breaching-my-privacy/article22061423/

The minister responsible did not even apologize to the Canadians whose confidential tax information was released to the media

12/08/2014

watch why CRA audit you.

https://www.youtube.com/watch?v=w6k2D5sSLVs&list=UUzcAdl16xQ5xnu0bg11QHQA

This series of three videos explains the CRA's tax audit process for businesses. This is part one: why do we audit, and what is a tax audit? For more informa...

12/02/2014

you know what, CRA's job is to take money from your pockets. they interpret law more favorable for themselves and cost you too much time and money to fight against them.


http://www.nationalpost.com/Canadians+with+many+wins+their+TFSA+being+targetted/10433237/story.html

Tax-free savings accounts are increasingly being challenged by Canada Revenue Agency auditors targeting