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2022 Personal Income Tax Return Checklist
In this edition:
A. Information - All Clients Must Provide
B. Questions to Answer
C. Additional Information - New Clients Must Provide
D. Other
Tax Tips & Traps - 2022 Personal Income Tax Return Checklist
2022 Year-End Tax Planning
In this edition:
2022 Year-End Tax Planning
2022 Remuneration
2022 - Q4
In this edition:
Tax Tidbits
Crowdfunding: Taxable or Not?
Trusts: New and Expanded Disclosure Requirements
Director Liability: Is Asking About Source Deductions Enough?
Executor: Whether to Accept This Role
GST/HST Input Tax Credits: Reasonable Expectation of Profit
Tips Collected Electronically: Withholding Requirements
2022 - Q3
In this edition:
Tax Tidbits
Poker Playing: Hobby or Business?
Required Travel: Between Home and Work
Principal Residence Exemption: Land in Excess of One-half Hectare
Personal Services Business (PSB): CRA Education Initiatives
TFSA Overcontribution: Relying on Information in Your CRA Online Account
CPP Disability Benefit: Following the Doctor's Advice
Shared Custody Arrangements: Impact of School Closures
2022 - Q2
In this edition:
Tax Tidbits
Buying and Selling a Home: Budget 2022 Proposals
Principal Residence Exemption: CRA Project
CERB/CRB: Eligibility Verification
Estimated Sales by CRA: Audit File Selection and Assessment
Auditing Old Tax Returns: CRA Abilities and Limitations
Money Received from Abroad: CRA Reviews
Digital Adoption Program: Grants, Loans, and Professional Assistance
2022 - Q1
In this edition:
Tax Tidbits
Small Business Air Quality Improvement Tax Credit: Could Your Business Benefit?
COVID-19 Business Supports: Targeted Measures
Falsified Employment Records: The Penalties Can be Large
Corporate Advertising and Promotion Expenses: CRA Increasing Reviews
Teachers and Early Childhood Educators: Expanded Access to Tax Credit
Canada Worker Lockdown Benefit (CWLB): Modified Support for Individuals
Old Age Security (OAS): Clawback Planning
2021 Personal Income Tax Return Checklist
In this edition:
A. Information - All Clients Must Provide
B. Additional Information - New Clients Must Provide
C. Questions to Answer
D. Other
Tax Tips & Traps - 2021 Personal Income Tax Return Checklist
2021 Year-End Tax Planning
In this edition:
2021 Year-End Tax Planning
2021 Remuneration
2021 - Q4
In this edition:
Tax Ticklers
Enhancing the Value of Owner-Managed Business
Salaries to Family Members
Providing Supplies to your Contractors
Director Liability
Life Insurance Policies
Holding Digital Assets in RRSPs
Withdrawing from Family RESPs
Workspace in Home Claims
2021 - Q3
In this edition:
Tax Ticklers
Canada Emergency Rent Subsidy (CERS)
CRA Collections
Travel Allowances
COVID-19 Medical Expenses
Canada Emergency Response Benefit (CERB)
TFSA
Will and Beneficiary Designations
CRA or Scammer
2021 - Q2
In this edition:
Tax Ticklers
Immediate Capital Asset Write-off
Canada Recovery Hiring Program (CRHP)
Extended Wage and Rent Subsidies
Beneficial Ownership of Corporations
Rental Properties
COVID-19 Benefits for Individuals
Taxpayer Relief
Guaranteed Income Supplement
2021 - Q1
In this edition:
Tax Ticklers
Canada Pension Plan
Canada Emergency Wage Subsidy
Canada Emergency Rent Subsidy
Employees Working from Home During COVID-19
Canada Emergency Business Account
Underground Economy
Online Activity
2020 - Q4
In this edition:
Tax Ticklers
CPP
Reasonable Meal Allowances
Commingling of Personal Expenses in the Business
Unreported Income
Unremitted GST/HST or Source Deductions
U.S. Transition Tax
RRIF/RRSP on Death
2020 - Q3
In this edition:
Tax Ticklers
Working From Home
Real Estate Projects
Loans for Value
OAS Deferral
Unreasonable Allowances
Employment Insurance
Changes to Payroll
Temporary Lay-Offs
Video Conferencing Tips
2020 - Q2
In this edition:
Tax Ticklers
Starting a Business and Not Getting Paid
TIPS
Real Estate Sales
Contributions of Goods or Services to an NPO
Home Accessibility Renovation Credit
Working from Home During Covid-19
Business Use of the Home
Uncollectible Accounts
2020 - Q1
In this edition:
Tax Ticklers
Adoption Expenses
Motor Vehicle Expenses
Employment Expenses
Travel Expenses
CPP/EI Rulings
Tax on Split Income
Mobile Homes, RV Parks, Campgrounds
Federal Carbon Tax
U.S. Expatriates
Recent Insights
- Preventing Unwanted Canada – U.S Cross-Border Tax Issues – Due Diligence Concerns – Part 3
- Preventing Unwanted Canada – U.S Cross-Border Tax Issues – Due Diligence Concerns – Part 2
- Preventing Unwanted Canada – U.S Cross-Border Tax Issues – Due Diligence Concerns – Part 1
- Outbound Corporate Structuring for Canadian Parent Companies Investing in the US – Effective Tax Rates
- Investing in Foreign Businesses – A Canadian Perspective – Part 2