In this episode we do a recap of the 2016-18 tax changes, and what bigger compliance issues are having a major impact to small business in 2019.
Think you understand foreign currency transactions, think again. In this episode we go through what seems at first to be a very basic transaction, only to discover there is more than meets the eye when it comes to foreign exchange transactions and foreign currency bank accounts.
In this episode we talk about the changes coming to the CPP in 2019, and what to expect going forward as the contribution rate climbs from 4.95% to 5.95% over the next 6 years in addition to the increase in the Yearly Maximum Pensionable Earnings (YMPE) amount.
Are you concerned about the Tax On Split Income affecting your family's taxes? Then you are going to want to listen to this brainstorming episode on being unreasonable on purpose!
In the last episode we had some fun with the Tax On Split Income (TOSI) rules, but it really is time to get serious about them.
The Tax On Split Income (TOSI) rules are written like a bad “escape room” game. The way these rules are written, everyone is caught… unless you can escape… and the exits are not clearly marked. In this episode, Cory G. Litzenberger tries to help you navigate these rules in a high-level tongue-in-cheek approach to them.
Taxpayers that follow the letter of the law in the Income Tax Act might not realize that there is a "catch-all" provision that is what we call the "smell test." If it stinks like GAARbage, the CRA will reassess you.
You may have heard you don't need to register for GST until you have $30,000 in sales. However, this is not always the case, and in this episode, we target an outdated tool used by some practitioners - Management Fees.
It seems like every day there is a new scam pretending to be the CRA. In this episode, we tell you how to protect yourself, what to watch for, and what to do if you, or someone you know, is a victim of a scam.