The agency made revisions based on comments received from the tax community
The tax evasion scheme was promoted by a tax protestor organization, the CRA says
Clients are becoming more demanding about structuring their wealth in tax-efficient but legal ways
Next time a client has a desire to play games with his TFSA, point out this harsh — but legally valid — punitive tax
Details from the tax folio on advantages
Tax surveillance is now global. HNW clients need to know the rules — and the penalties — of non-compliance
This delay represents a win for industry associations and clients who pay fees on their registered plans from non-registered accounts
The federal tax agency also delays implementing registered fee position
Report suggests feds toughen tax enforcement and cut taxes at the top
The agency’s auditors have reviewed more than 30,000 files in Ontario and British Columbia over the past three years, generating $43.7 million in penalties