Tax News

B.C. man sentenced for tax fraud Fallback Image Decorative pattern

Industry

B.C. man sentenced for tax fraud

The Canada Revenue Agency has announced that Kamloops resident Gary William Mechar was sentenced on January 14, 2013 to four years imprisonment and ordered to pay $276,655 in restitution to two financial institutions.

By Staff |January 21, 2013

2 min read

Offshore tax evasion in Treasury, IRS crosshairs Fallback Image Decorative pattern

Industry

Offshore tax evasion in Treasury, IRS crosshairs

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today issued comprehensive final regulations implementing the information reporting and withholding tax provisions commonly known as the Foreign Account Tax Compliance Act (FATCA). Enacted by Congress in 2010, these provisions target non-compliance by U.S. taxpayers using foreign accounts.

By Staff |January 18, 2013

2 min read

Does inflation affect your clients’ taxes? Fallback Image Decorative pattern

Industry

Does inflation affect your clients’ taxes?

Personal income tax and benefit amounts are indexed to inflation using Statistic Canada’s CPI each year.

By Staff |January 18, 2013

1 min read

Carrying debt can make sense Fallback Image Decorative pattern

Products

Carrying debt can make sense

Debt isn’t always negative. Here are some times when it’s a good idea.

By Lisa MacColl |January 18, 2013

1 min read

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