Watch! CRA review trends and reportable transactions update with Ken Sedgewick

Which recent month was the busiest for CRA review activity?

Curious about the most common types of CRA review letters trending across Canada for individual and small to medium-sized businesses?

Learn the answer to these and more in this 12-minute interview with Caitlin Butler and Ken Sedgwick, Business Development Manager at Audit Shield.

Stay tuned as they also discuss updates to the reportable transaction rules, specifically those related to tax return insurance.

Sources:

• https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/mandatory-disclosure-rules-overview/guidance-document.html

Recorded November 10, 2023

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2023, All Rights Reserved.

Watch! Explore pre-inheritance gifting with the Canadian group leader of Dentons' Trust, Estates and Wealth Preservation practice, Doris Bonora TEP, KC

Join the Canadian group leader of Dentons' Trust, Estates and Wealth Preservation practice, Doris Bonora TEP, KC, and Joseph Devaney CPA CA, as they discuss the planning opportunities and possible pitfalls of pre-inheritance gifting.

This riveting discussion touches on topics such as loans vs gifts, the importance of a Deed of Gift, joint accounts with children, bare trusts and more.

Recorded September 18, 2023

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2023, All Rights Reserved.

Watch! Life in the Tax Lane - November 2023

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Sources:

• Mandatory Tips – GST/HST/QST

• Expanded Trust Reporting – Bare Trust Arrangements 

• UHT – Penalties, Interest and Relief

• Source of Income – Source 1 and Source 2

• EI Insurable Earnings – Control of Shares

• Partial Change in Use – Rental to Personal

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2023, All Rights Reserved.

Watch! Life in the Tax Lane - October 2023

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Sources:

• Extended CEBA Repayment Deadline – Source 1 and Source 2

• Enhanced GST Rental Rebate – Source 1, Source 2 and Source 3

• Home Accessibility Tax Credit – Nature of Impairment

• Enhanced CCA – Phase-Out After December 31, 2023 – Source 1 and Source 2

• Mileage Allowance –  Common Starting Location

• Corporate Beneficial Ownership Registry – Source 1 and Source 2 

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2023, All Rights Reserved.

Watch! Life in the Tax Lane - September 2023

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Sources:

• Surcharge to Accept Payment Via Credit Card – GST/HST?

• Revival of a Corporation

• Multigenerational Home Renovation Tax Credit – New Dwelling

• Identifying Simplified Registrants – New CRA Numbers

• Employee vs. Independent Contractor – Differing Legislation –
  Source 1 and Source 2

• Late Payments to CRA – Source 1 and Source 2

• Replacement Property Rules – Source 1 and Source 2

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2023, All Rights Reserved.