28 Mar 2013, 12:20am
Canada Revenue Agency Income Tax
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We have Apps for iOS and Android devices

taxsupport.ca web app

taxsupport.ca web app

We have just updated your favorite tax information web site with apps. Now you can access this website optimized for all apple and android products. Its easy to add this web app on your smart phone or tablet devices. You don’t have to go to App Store or Android Market Place to add this app to your device. Just browse to www.taxsupport.ca with your smart device, wait for a popup with instruction on how to add the web app to your home screen of your device, follow the instruction and you are done. With this smart device optimized web app, we are just a tap away to answer your questions regarding your tax issues. If your mobile device shows our mobile web site, change it to desktop version and the popup will show. At this time, our mobile web site can not show the web app download popup instruction. Show us our web app on your smart device and we will give you 10% discount on our services. That is a great deal, isn’t it?

18 Mar 2013, 11:41am
Canada Revenue Agency Income Tax
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Comments Off on In International Tax Disputes CRA’s Greed Expensive for Canada

In International Tax Disputes CRA’s Greed Expensive for Canada

International Tax

Income Tax

In international tax disputes, all the countries involved want to take the first bite of corporate tax. Corporations are getting away with paying lower tax by putting the countries against each other.

Launched in December 2010, the international tax arbitrations follow the rules for settling salary disputes between Major League Baseball teams and their players. As in baseball, the two parties – revenue agents from the two countries – put forward a figure.

A third-party mediator settle disputes by picking the number they judge to be closest to the right answer. In the tax game, that’s the amount a company pays. The winning country gets the tax revenue. The losing country goes home empty-handed.

“It’s baseball arbitration: One position wins and the other one loses,” said Brian Trauman, a principal at Big Four accounting firm KPMG LLP. The cases that have been resolved have “really big dollars at stake,” he said.

Companies also prefer such showdowns as government-to-government arbitration can give them quicker tax bill certainty, in some cases allowing them to free up cash reserved for potential tax liabilities.
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17 Mar 2013, 1:18pm
Canada Revenue Agency Income Tax
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Comments Off on Conrad Black and His Dual Citizen Tax Trouble

Conrad Black and His Dual Citizen Tax Trouble

CRA vs Conrad Black

CRA vs Conrad Black

The colorful character and once media mogul Conrad Black is fighting a Canada Revenue Agency Tax Assessment of $5 million income from a 2002 tax review.

It all started with the Citizenship status.

Though Mr. Black was born in Canada and was appointed an Officer of Canada in 1990, he renounced his Canadian Citizenship in 2001, so that he can receive the title Baron Black from Queen Elizabeth II. Since then he filed taxes in Canada as a non-resident Canadian, because he had only UK citizenship.

But the problem is many tax payer frequently fail to understand that a Tax Citizenship and Political Citizenship are two different status and falls under different jurisdiction of law.
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24 Feb 2013, 6:57pm
BC Province Canada Revenue Agency HST Income Tax Networking
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2 Oct 2012, 10:32am
Canada Revenue Agency Income Tax:
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Comments Off on Canada Revenu Agency Audit is Up This Year

Canada Revenu Agency Audit is Up This Year

CRA Tax Audit

CRA Tax Audit

Canada Revenue Agency audit is up significantly for tax payers all across the board. And if you are a self employed or independent contractor, you are more likely to be audited to provide proof of certain expense deduction claims. It is very important to have not only sufficient but 100% backups of expense claims with original documents or third party proof. Here are some of the expense deductions that CRA is primarily auditing from Canadian Tax Payers. If you have any of these deductions in your 2012 tax returns, you could be asked to provide supporting documents to support your claim.

1. Education/Tuition fees expense.
2. Transfer of Tuition fees to spouse or parents.
3. Professional Membership dues
4. Donation Claim receipts
5. Medical expense claims
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