Tax

The Tax Blog, which helps inform CPA Canada’s public interest advocacy positions, welcomes your comments. You can subscribe to these monthly posts by checking Tax Blog under My Subscriptions in your CPA Canada Account. Both members and non-members can create an account by clicking on My Account at the top of this page.

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With tax season around the corner, it’s time to think about volunteering with a local community tax clinic. Find out how the Canada Revenue Agency and provincial CPA bodies are collaborating to improve these programs.

CPA Canada’s volunteer tax committees and working groups aim to improve the tax system in all its aspects. Learn more about the latest ideas and enhancements on their agendas.

Contrary to some views, the Canada Revenue Agency (CRA) welcomes and stands behind notices of objection filed electronically. But objections can be rejected on other grounds. Find out some of the most common reasons.

From the totally personal to the all-business, CPA Canada’s Bruce Ball walks us through the most significant tax changes of the year.

Bruce Ball, CPA Canada’s new vice-president, Taxation, looks back at accountants’ 100 years of contributions to Canada’s tax system and discusses his plans for continuing this work into the next century.

From the collaboration agreement with the Canada Revenue Agency to recent Serving You Better consultations, retiring vice–president, Taxation, Gabe Hayos, reflects on the power of collaboration to promote positive change in Canada’s tax system.

For several years, tax practitioners have urged the CRA to streamline its verification processes, for example, by reducing apparently excessive information requests and allowing enough time to respond. Tell us: have things improved?

The Canada Revenue Agency (CRA) is answering the Auditor General of Canada’s call to improve the income tax objections process. Find out what tax practitioners can do to ease the burden.

The Canada Revenue Agency (CRA) is surveying taxpayers and their representatives about their experience with the CRA’s audit processes to identify opportunities for improvement. Learn how you can have your say.

Wouldn’t it be great for your small business if you knew that you were doing things right before you filed your taxes? With the Canada Revenue Agency’s Liaison Officer Initiative, you can.

Although the Canada Revenue Agency (CRA)’s latest consultations on taxpayer services have ended, the CRA says it’s always open to ideas. Here’s what CPA Canada is recommending. What would you add?

Tax issues are some of the biggest sources of risk – and litigation – for practitioners. New resources can help you benchmark and improve how you manage tax risk within your practice.

Most of us want to be ethical, but the potential for rationalization and groupthink dwells in all of us. For tax practitioners, learning how to spot — and think through — ethical issues is essential.

The CRA’s Income Tax Audit Manual can be a big help to practitioners, but, at over 1,200 pages, it can overwhelm. CPA Canada’s new resource highlights some especially useful sections. Anything we’ve missed? Tell us.

To smooth the tax audit process, taxpayers can agree with the Canada Revenue Agency (CRA) to waive their objection rights. But, before they do, taxpayers should fully understand what they’re giving up in return.

The Canada Revenue Agency (CRA) needs methods to enforce compliance. When applied even-handedly, financial penalties play an important role. But a tax provision that’s been on the books since 1951 goes too far.

An updated protocol between the Canada Revenue Agency’s Appeals and Compliance branches clarifies Appeals’ responsibilities when taxpayers provide new information not previously reviewed by auditors. How will the protocol affect your clients’ tax disputes?

A tax audit of a client’s small business can be frustrating for you — but it doesn’t have to be. Find out what tax practitioners can do to ease the process for everyone involved.

CPA Canada asked employers, students, faculty and others how the In-Depth Tax Program could be improved. The answer? By focusing even more on what grads need to be job-ready from day one.

Corporations that use aggressive tax-planning practices can put their earnings and brands at risk, and investors are taking notice. As a tax advisor, what’s your role when it comes to tax responsibility?

The Canada Revenue Agency (CRA) is bringing more services and data online, making tax compliance simpler and easier for tax preparers and their clients. What new services are in the works? What are your priorities?

The Canada Revenue Agency (CRA)’s new version of Form T1135 for reporting foreign property is now available. Find out what’s new.

CPAs who volunteer or work with Canadian charities can encounter complex tax issues that are unique to the sector. Now CPAs have a new route for raising these issues with the Canada Revenue Agency.

Many not-for-profit organizations (NPO) overlook their tax reporting obligations — and face steep penalties as a result. Tell us about tax issues you’ve seen that NPOs should know about.

Need answers from the Canada Revenue Agency (CRA) to serve your clients? Your first hurdle might be figuring out which CRA telephone service to call, or where to go online for answers.

Looking for a quicker resolution to your clients’ tax disputes? Avoid falling into the traps created by five common beliefs about the CRA’s audit and appeal policies that the agency has advised me are mistaken.

What do you think should be done to detect and deter under-the-table activity? The federal government is looking for ideas to help reduce participation in the underground economy.

With the backlog of tax technical amendments now history, the Department of Finance has the capacity to consider other tax laws that may need correcting or clarifying. Find out how you can get your technical issues on Finance’s radar.

Budget 2015 produced a handful of proposals that would reduce red tape and simplify tax compliance. But the government could have set its sights much higher. What do you think are the biggest lost opportunities?

The Office of the Auditor General of Canada is consulting the tax community on possible future audit topics for the Canada Revenue Agency and Department of Finance. Find out the views that stakeholders shared at a recent CPA Canada roundtable.

This blog post discusses the new CPA Canada/CRA agreement aimed at improving the tax system and asks, what do you expect can be achieved through this new relationship?

Chartered Professional Accountants of Canada (CPA Canada) is working with CRA and a stakeholder group to find ways to simplify the reporting, ease compliance, and streamline CRA’s administration.

As Canada Revenue Agency continues its consultations toward a system of tax preparer registration in Canada, the U.S. Internal Revenue Service (IRS) continues to deal with fall-out from a court challenge regarding its tax preparer registration requirements.

Professional accountants who practice tax often provide tax advisory services that are indistinguishable from lawyers' tax services. But under common law in Canada, only communications with lawyers are protected as privileged in specified circumstances.

Canada’s foreign property disclosure rules aim to prevent tax evasion by ensuring taxpayers report to Canada Revenue Agency (CRA) all their foreign investment property with a cost over $100,000, either individually or collectively.

At the Chartered Professional Accountants of Canada (CPA Canada), we’ve come a long way in the past few years in re-vamping our core In-Depth Tax Course program to position learners where they belong – at the centre of the learning experience.

Tax audits of public and large private companies share many attributes with financial statement audits.

Taxation is a hot topic these days. Globally and in Canada, the media and public are calling on governments to curb international tax evasion, and governments are formulating various strategies in response.

My earlier blog on the question of the need for formal standards for tax preparers in Canada generated a number of thoughtful responses. Thanks to all of you who commented.

Increasing public scrutiny of the tax planning practices of large corporations and high net worth individuals is intensifying reputational risks for tax practitioners.

News about the Canadian Federation of Independent Business's 2013 Canada's Red Tape Report, reported in an article in CICA’s Research Monitor, provoked strong reaction among some readers.

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