Toronto-based firm sold 20% stake in U.S. business in May
Expanded reporting regime is intended to help the CRA fight aggressive tax planning
The CRA's interest rate on overdue tax will remain the same for a third consecutive quarter
The industry is still waiting for certain forms needed to administer the new plans
Canadians’ unused TFSA contribution room exceeded the market value of their plans at almost all income levels
Agency had been directing taxpayers to contact a CRA official before speaking with their tax advisor
Clients can see annuities as an attractive alternative to managing their own retirement investments
Strategic withdrawals allow clients to smooth out their income levels over retirement
Here’s the status of tax proposals that matter to your clients
Trustees must use Schedule 15 to report names, addresses and tax information numbers for beneficiaries