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 […]
Recommendations by Taxpayers’ Ombudsman follow complaints from taxpayers
Survey shows Canadians onside with CGA-Canada’s agenda to simplify tax system
Intergovernmental approach to implementation shows that the U.S. government is listening, IIAC says
Even tax rules are catching up with the personal digital revolution.
Tax-free savings accounts are estimated to have cost Ottawa $220 million in lost revenue in 2011