Agency can’t explain inconsistencies
The cumulative TFSA contribution limit in 2019 will be $63,500
Teams identified promoters of tax schemes as new investigative targets
The increase of 2.7% to $57,400 from $55,900 was calculated according to a formula that takes into account the growth in average weekly wages and salaries in Canada
Miereille Laroche will lead the agency’s service transformation agenda
Details from the tax folio on advantages
Tax surveillance is now global. HNW clients need to know the rules — and the penalties — of non-compliance
The CRA is increasing efforts to collect taxes due on assets held offshore. Clients who fail to comply could face hefty penalties
The CRA revised its voluntary disclosure program, which may deter some taxpayers from coming forward. Applications to the program are down significantly since the changes were introduced in March
The federal tax agency also delays implementing registered fee position