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Canadian Taxation

Federal Budget 2016 – Crib Notes

March 25, 2016 | 0 Comments

Canada: Federal Budget 2016 — A Focus On The Middle Class And Continued Scrutiny Of Corporate Tax Avoidance SMALL BUSINESS Small Business Rate “The 2015 Federal Budget (Budget 2015) had announced a reduction of the...

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Canadian Taxation

Top Ten CRA Audit Flags

December 12, 2013 | 0 Comments

A great article that gives you some input as to how CRA thinks: Top Ten CRA Audit Flags Some of these are specific to corporations, some to individuals and some apply to both. 1) Inconsistencies between third...

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Financial fundamentals for business owners

November 25, 2013 | 0 Comments

In what seems to be a subtle advertisement for educational institutions Financial management skills found lacking for small contractors “According to a recent survey, many Canadian small business owners need to upgrade their financial management skills.”“According...

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Canadian Taxation

Crowdfunding as taxable income

November 13, 2013 | 0 Comments

In a decision that I’m sure is going to shock people (sarcasm) Crowdfunding counts as taxable income, Revenue Canada says “In many cases, the money raised on crowdfunding websites like Kickstarter and Indiegogo — for everything...

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Canadian_Retirement

“Enhancing” CPP for young workers

November 8, 2013 | 0 Comments

An interesting though misguided viewpoint is Enhancing CPP reduces poverty “”Mike Klassen says, “Canadians must reject the push for higher CPP payroll taxes.” Well, pension contributions aren’t taxes – they are deferred pay that the worker...

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I was just reading an article Canada and Ontario tax systems need to smarten up  from the Institute for Competitiveness and Prosperity. I found it interesting with some good points until I came across the following: “Most importantly,...

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Canadian Government

Discussion of taxes

October 7, 2013 | 0 Comments

Canada’s dangerously distorted tax conversation “Any reasonable discussion of taxes must take into account the public goods and services they buy. So why doesn’t ours?” “The current conversation is a consequence of the neo-liberal economic...

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Canadian Taxation

Difference between tax evasion and tax avoidance

September 25, 2013 | 0 Comments

Does the CRA know the difference between tax evasion and tax avoidance? Taxman chasing six Canadian families for $1B tax scheme “The Canada Revenue Agency (CRA) is chasing six Canadian families, well-known in the business...

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