Tax News

What are the strangest tax deductions?

Farmers can claim cat and dog food as a business expense if those animals keep pests away from their crops. Check out these other surprising tax deductions.

By Staff |December 4, 2013

1 min read

A smooth exit from character conversion funds

Carol Bezaire, vice-president of tax and estate planning at Mackenzie Investments, breaks it down. It’s clear why the government targeted these funds: their derivative structure means CRA gets less than if investors bought bonds directly.

By Dean DiSpalatro |December 3, 2013

4 min read

8 things to consider when tax-loss harvesting

With 2013 coming to a close, it’s a good time to see if you’ve done everything possible to minimize the tax bite for clients and maximize their net earnings. Part of that’s done with tax-loss harvesting. After ensuring the sale fits your client’s portfolio goals, check these eight things.

By Stella Gasparro |December 3, 2013

3 min read

CRA tax relief deadline approaching

CRA is reminding taxpayers and registrants that they have until December 31, 2013, to make a taxpayer relief request related to 2003.

By Staff |November 29, 2013

2 min read