Welcome to another edition of Tax Tips & Traps. Every quarter we offer the latest information to help you plan, invest and save. In this edition we focus on the coming changes in CRA while the new federal liberal government implements its ideas and promises.  We look at new credit available, new projects CRA is pursuing and the impact on those claiming the small business deduction, CRA’s process for audit selection, among other topics you’ll find interesting.

CLICK HERE TO VIEW Q1 NEWSLETTER

In this edition:

Page 1: TAX TICKLERS
Page 1: NEW FEDERAL LIBERAL GOVERNMENT – IMPACT ON TAX RULES
Page 2: NEW – HOME ACCESSIBILITY TAX CREDIT
Page 3: CAREGIVERS FROM OVERSEAS
Page 3: STATUTE-BARRED ASSESSMENTS
Page 3: KEEPING CONTACT INFO CURRENT
Page 3: CRA PROJECT: SMALL BUSINESS DEDUCTION
Page 4: CRA SELECTION FOR AUDIT – WHY ME?
Page 4: FILING SLIPS WITH CRA – NEW ELECTRONIC REQUIREMENTS
Page 4: CANADAHELPS.ORG – RESEARCH/DONATE TO YOUR FAVOURITE CHARITY

This publication is a high-level summary of the most recent tax developments applicable to business owners, investors, and high net worth individuals. Enjoy!