Tax & Financial Planning for Canadians

Really great articles from government of Canada.

Financial literacy programs - Canada.ca Educational materials to help students and adults increase their financial knowledge and skills.

Using corporation for income not always a tax advantage Toronto tax litigation lawyer David Rotfleisch discusses why using a corporation for active income does not always result in tax savings.

Gift certificates

Gift Certificates Legislative reference: Section 181.2 of the Excise Tax Act (''ETA'')181.2 Gift certificates — For the purposes of this Part, the issuance or sale of a gift certificate for consideration shall be deemed not to be a supply and, when given as consideration for a supply of property or a service, the gif…

http://www.cbc.ca/news/business/taxes/tax-time-2015-why-tax-cheats-in-canada-are-rarely-jailed-1.2960595

Tax time 2015: Why tax cheats in Canada are rarely jailed If you're going to get caught cheating on your taxes, get caught in Canada. You might have to repay every red, withheld cent — plus fines and interest. But once the Canada Revenue Agency is done with you, there's a good chance you won't also be in prison.

http://taxinterpretations.com/?p=34461

Bakorp – Tax Court of Canada finds that an overpayment of tax for Year 2 did not cut off... Bakorp was found by CRA to have underpaid its Part IV tax for 1993, and overpaid for 1995. When CRA reassessed in 2000, it applied the 1995 overpayment to the 1993 year and assessed interest from the 1993 underpayment date up to 2000.

it is really scary if Toronto housing market collapse.

DEUTSCHE BANK: 'Canada Is In Serious Trouble' Canada's housing and private debt situation may be shaky

http://www.theglobeandmail.com/globe-debate/why-did-revenue-canada-get-away-with-breaching-my-privacy/article22061423/

Why did Revenue Canada get away with breaching my privacy? The minister responsible did not even apologize to the Canadians whose confidential tax information was released to the media

watch why CRA audit you.

https://www.youtube.com/watch?v=w6k2D5sSLVs&list=UUzcAdl16xQ5xnu0bg11QHQA

CRA tax audit video part one: Why do we audit and what is a tax audit? This series of three videos explains the CRA's tax audit process for businesses. This is part one: why do we audit, and what is a tax audit? For more informa...

you know what, CRA's job is to take money from your pockets. they interpret law more favorable for themselves and cost you too much time and money to fight against them.


http://www.nationalpost.com/Canadians+with+many+wins+their+TFSA+being+targetted/10433237/story.html

Canadians with too many wins in their TFSA are being targetted by CRA Tax-free savings accounts are increasingly being challenged by Canada Revenue Agency auditors targeting