A lump sum paid to satisfy a court order for retroactive support is deductible, the Tax Court of Canada has ruled
New regime comes into force as of Jan. 1, 2014
CGAs say complexity is costing billions
An extra hit on investment income for Americans, including those living abroad, could be a real source of financial pain
Financial transaction tax would raise billions for European countries
Tough balancing act for governments looking for revenue
Tax increases are minimal and some provinces have even managed to provide tax breaks
The Canada Revenue Agency is in the third and final year of a review of non-profit organizations to "measure tax at risk" in the sector. But with few previous cases to provide guidance, some NPOs are finding that the process is confusing
The personal income tax burden should be eased, CICA says
WHEN GIVEN A CHOICE between tax credits and a lower tax rate, the choice is clear: almost seven in 10 Canadians prefer reducing the tax rate, according to a new survey from the Certified General Accountants of Canada (CGA Canada). This comes as no surprise to financial experts. “Of course, [taxpayers] prefer a lower tax […]