Tax Alerts

It’s a fact of life that since 9/11 any kind of travel—especially cross-border travel to the United States—has become a much more time-consuming and difficult process. Greater security measures have led to increased documentation requirements, more restrictions on the contents of carry-on bags, earlier check-in times at airports, and much longer line-ups resulting in delays at land border crossings.

Being charged a fee for just about every bank service from using an ATM to making an e-transfer of funds to simply receiving a printed bank statement each month is a perennial irritant to many Canadians, as is the fact that such fees seem to increase on a regular basis. Canadian banks have sometimes been willing to waive or reduce such charges for some groups, such as seniors or students, but policies haven’t been consistent from bank to bank and could be changed or even eliminated at the bank’s discretion.

Receiving unexpected correspondence from the tax authorities is almost guaranteed to unsettle the taxpayer who receives that correspondence, even where there’s no reason to believe that anything is wrong. But, as the Canada Revenue Agency (CRA) begins its annual post-assessment tax return review process in the summer and fall, it’s an experience which will soon be shared by millions of Canadian taxpayers.

The federal government has announced that small and medium-sized Canadian businesses will be able to pay lower employer EI premiums, beginning January 1, 2015. While the program recently announced by the Minister of Finance is entitled the “Small Business Job Credit”, the credit actually operates by reducing, for a two-year period, the portion of Employment Insurance premiums paid by employers.

Two quarterly newsletters have been added—one about personal issues, and one about corporate issues.

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