Category Archives for Taxation
Audits don’t happen randomly
Commissioner and chief executive of the Canadian Revenue Agency reminds us in a story in the Financial Post that there are no random audits in Canada. If your tax return is selected for audit, the CRA has identified some aspect … Continue reading
Cigarettes and the complexity of the tax code
Sometimes people wonder why the legislation surrounding various taxes is so complex, given the relatively straight-forward nature of those taxes. The Tax Foundation provides a telling example in a recent post about the definition of a cigarette: Cigarettes are taxed … Continue reading
Ten principles of sound tax policy
The Tax Foundation’s Ten principles of sound tax policy are a must-read for those influencing tax policy. I think the list can be further refined down to about half that, but maybe they wanted to get an even ten. For instance, … Continue reading
Canada gets a variety of tax cuts
The Canadian government released a mini-budget this past week that featured serious tax cuts. The GST goes down another point to 5% and the lowest bracket of personal tax is lowered back down to 15%. Corporate taxes continued their downward … Continue reading
How to read the Income Tax Act
Continuing the new post series where I answer readers’ questions they’ve Googled to find my site, as logged by 103bees.com, the next one is sent chills down my spine: “How to read the Income Tax Act?” The last time I cracked … Continue reading