Tax-News.com: Canadian MPs Recommend Changes To Media Taxation

Tax-News.com: Canadian MPs Recommend Changes To Media Taxation by Mike Godfrey, Tax-news.com, Washington 16 June 2017 The Canadian Parliament’s Heritage committee has called for a five percent levy on broadband internet services, but Prime Minister Justin Trudeau has said he will not increase taxes on the middle classes. The committee has published its recommendations on […]

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CRA announces Q3 interest rates

CRA announces Q3 interest rates The Canada Revenue Agency has announced the prescribed annual interest rates that will apply to any amounts owed to the CRA, and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from July 1, 2017, to September 30, 2017. There have been […]

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What CRA had to say at STEP

What CRA had to say at STEP Always hotly anticipated, the annual CRA roundtable at the Society of Trust and Estate Society Practitioners (STEP) National Conference features CRA representatives answering tough questions on tax policy and administration. This year’s edition, held June 13, was packed with insights — and a touch of humour. The 15 […]

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What CRA had to say at STEP, Part 2

What CRA had to say at STEP, Part 2 The annual CRA roundtable at the Society of Trust and Estate Society Practitioners (STEP) National Conference allows attendees to hear directly from agency representatives about tax policy and administration. This year’s roundtable, held June 13, was moderated by Paul LeBreux of Globacor Tax Advisors Professional Corporation […]

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Small business tax regime almost ‘unworkable’

Small business tax regime almost ‘unworkable’ Ottawa’s changes to the private corporation and small business tax rules have made the new regime so complex that it’s almost unworkable, tax experts said at a conference panel Monday. Speaking at the Society of Trust and Estate Practitioners’ annual conference in Toronto, panelists said rules around associated corporations, […]

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Tax-News.com: Canada To Amend Voluntary Disclosure Program

Tax-News.com: Canada To Amend Voluntary Disclosure Program by Mike Godfrey, Tax-news.com, Washington 12 June 2017 The Canadian Government has announced a consultation on proposed changes to the Voluntary Disclosures Program (VDP) that will narrow the eligibility criteria and make the regime less generous. The VDP provides taxpayers with an opportunity to voluntarily come forward and […]

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Understanding the new T1135

Understanding the new T1135 Editor’s note: we have updated this article to reflect tax rules as of June 2017. It was originally published in 2015 by François Bernier. CRA’s revised Form T1135 requires taxpayers to provide significantly more information about their foreign property. This article explains the new rules. Who has to file a T1135? […]

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