Tax News

When CRA reassesses your client

Why read this? › Your clients have university-age children › Your clients or their children have been selected for CRA reviews Why was the return selected for review? Less common triggers include What to do? 1. Tell your client a review isn’t the same as an audit, which is a more extensive examination. A review […]

By Jessica Bruno |November 12, 2013

3 min read

Save tax with family loans

The minimum interest rate for family loans rose from 1% to 2% in October 2013, and should fall back to 1% in January 2014. But changes in the interest rate don’t take the lustre off this income-splitting strategy, say tax advisory and wealth management experts. Families can still benefit; the keys are understanding how the […]

By Dean DiSpalatro |November 12, 2013

7 min read

What happens to unreported pension income?

Penalties are harsh, so make sure clients include it correctly

By Jamie Golombek |November 12, 2013

3 min read

Tread carefully with corporate reorganizations

Tax consequences can emerge unexpectedly

By James and Deborah Kraft |November 12, 2013

4 min read