The Canada Revenue Agency (CRA) recently shared an advisory that it is using country-by-country reporting to more effectively identify Transfer Pricing and Profit Shifting Risks. It is working with international partners, including a recent agreement with the U.S., to improve global tax transparency and address income tax base erosion and profit sh..
Each year Alberta CPAs, candidates, and students cvolunteer to help low-income Albertans complete their tax returns free of charge. The CPA Alberta Tax Clinic Program holds clinics in Edmonton, Calgary and surrounding communities in co-operation with seniors’ homes, community centres, and other not-for-profit agencies. The 2017 clinics wrappe..
Do you use form RC59, Business Consent, to get online access to your business clients’ information in Represent a Client? If you do, here are three important things you should know: After May 15, to request online access to tax information for a business, you will need to complete the authorization request in Represent a Client. Form RC59 wil..
The Canada Revenue Agency has provided a list of important changes for tax professionals and tax preparers for the 2017 tax-filing season. Here’s what you need to know:..
The questions and answers from the 2016 CRA Roundtables are now available...
by Hugh Neilson FCPA, FCA, TEP With more than 500 CPA Alberta Professional Development seminars to choose from, making a decision on how to earn your PD hours isn’t always easy. But if you’ve got your eyes set on tax, then Hugh Neilson might be able to teach you a few things. Hugh has more than 25 years of public practice experience, fo..
CRA officials offered some important updates for small and medium-sized enterprises (SMEs) during CPA Canada’s Tax Audit Compliance Program for SMPs webinar held earlier this year. It sparked plenty of questions: about common errors, tax preparer registration, CRA’s Liaison Officer Initiative and the underground economy. Now CPA Canada has pr..
New reporting lines on Form GST34-3, Goods and Services Tax/Harmonized Sales Tax (GST/HST) Electronic Filing Information As part of its ongoing effort to better serve businesses and simplify its electronic services, starting May 16, 2016, the Canada Revenue Agency (CRA) changed the way business can report different types of income on line 101 of th..
The Canada Revenue Agency (CRA) has offered tax relief to those individuals, businesses and first responders affected by the Fort McMurray wildfires...
This article was contributed by Kim Moody, FCPA, FCA, a tax specialist and Managing Director – Canadian Tax Advisory of Moodys Gartner Tax Law LLP. The opinions expressed are those of the author...