taxes

NDP Leader Jagmeet Singh holds a press conference on Parliament Hill in Ottawa on Wednesday, June 23, 2021. Singh says he would deal with Canada’s multi-billion deficit through its long-standing promise to tax the mega-wealthy. THE CANADIAN PRESS/Sean Kilpatrick

Jagmeet Singh says NDP would tackle Canada’s deficit through taxing the ‘ultra rich’

He added he would target web giants such as Google, Netflix and Amazon

 

Finance Minister Chrystia Freeland holds a press conference in Ottawa on Tuesday, April 20, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Finance minister says Canada is committed to proposed global corporate tax rate

A global corporate minimum tax rate is now supported by 132 countries

 

The Canada Revenue Agency (CRA) headquarters Connaught Building is pictured in Ottawa on Monday, Aug. 17, 2020. Data from the Canada Revenue Agency shows its program to combat tax evasion by the super-rich has resulted in zero prosecutions or convictions in recent years. THE CANADIAN PRESS/Sean Kilpatrick

CRA audits of ultra-wealthy Canadians yield zero prosecutions, convictions

Only two cases proceeded to federal prosecutors, with no charges laid

 

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How to tell if a call from ‘CRA’ is legitimate or a scam

Expert says it’s important to verify you really are dealing with the CRA before you give out any info

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Finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021 ahead of the G7 leaders’ summit. THE CANADIAN PRESS/Pool Photo via AP-Henry Nicholls

Canada to tax tech giants as planned despite framework G7 tax deal, says Freeland

The Group of Seven wealthy democracies agreed to support a global minimum corporate tax of at least 15% to deter multinational companies from avoiding taxes by stashing profits in low-rate countries

Finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021 ahead of the G7 leaders’ summit. THE CANADIAN PRESS/Pool Photo via AP-Henry Nicholls
Britain’s Chancellor of the Exchequer Rishi Sunak, left, and EU’s Economy Commissioner Paolo Gentiloni pose for photos as finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021 ahead of the G7 leaders’ summit. (AP Photo/Alberto Pezzali, Pool)

G-7 nations sign key pact to make tech giants pay fair taxes

Nations have been grappling with how to deter companies from legally avoiding paying taxes through tax havens

Britain’s Chancellor of the Exchequer Rishi Sunak, left, and EU’s Economy Commissioner Paolo Gentiloni pose for photos as finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021 ahead of the G7 leaders’ summit. (AP Photo/Alberto Pezzali, Pool)
Tax freedom day for Canadians happened May 24, a week later than last year, calculated the Fraser Institute. (Pixabay Image)

‘Tax Freedom Day’ in Canada is coming a week later this year

Fraser Institute calculates May 24 as day average household income matches tax payable for 2021

Tax freedom day for Canadians happened May 24, a week later than last year, calculated the Fraser Institute. (Pixabay Image)
Ron Clarke is a Trail Times columnist.

Why should I file my income taxes on time?

No extension for taxes this year, could cost you

Ron Clarke is a Trail Times columnist.
Ron Clarke is a Trail Times columnist.

Why should I file my income taxes on time?

In case you didn’t hear, there’s no extension this year …

  • Apr 21, 2021
Ron Clarke is a Trail Times columnist.
Ron Clarke is a Trail Times columnist.

Looking at capital gains and losses

Tax Tips and Pits is a weekly column from Trail business owner Ron Clarke

  • Apr 15, 2021
Ron Clarke is a Trail Times columnist.
Ron Clarke is a Trail Times columnist.

Renting not selling? Looking at principal residence designation

An application must be made within the year of moving out of your home.

  • Apr 8, 2021
Ron Clarke is a Trail Times columnist.
Josee Cabral is seen in her office in Chateauguay, Que. on Thursday, March 25, 2021. THE CANADIAN PRESS/Paul Chiasson

Watch the details to help avoid financial headaches when filing your tax return

Small, easily avoidable mistakes could end up costing you if you’re not careful

Josee Cabral is seen in her office in Chateauguay, Que. on Thursday, March 25, 2021. THE CANADIAN PRESS/Paul Chiasson
Ron Clarke is a Trail Times columnist.

Working and living abroad can be taxing

How about thinking beyond COVID-19?

Ron Clarke is a Trail Times columnist.
Ron Clarke is a Trail Times columnist.

Employment expenses as a tax deduction

Can you claim these as an expense against your T4 income?

  • Mar 25, 2021
Ron Clarke is a Trail Times columnist.
Ron Clarke is a Trail Times columnist.

Tax free income or not?

“Believe it or not, there are sources of income that escape the taxman.”

Ron Clarke is a Trail Times columnist.
Ron Clarke is a Trail Times columnist.

Did you say Tax Season, or Scam Season?

Tax season is a good time to talk about electronic security.

Ron Clarke is a Trail Times columnist.
The Canada Revenue Agency says some taxpayers who repaid COVID-19 related benefits in 2020 are getting incorrect tax slips. THE CANADIAN PRESS/Justin Tang

CRA says ‘rare’ error in some tax slips lists repaid CERB as taxable income

‘These repayments can be properly and easily credited to the correct account,’ assures CRA spokesperson

The Canada Revenue Agency says some taxpayers who repaid COVID-19 related benefits in 2020 are getting incorrect tax slips. THE CANADIAN PRESS/Justin Tang
The free income tax service for low income earners in Greater Trail will run from March 2 to April 30 with pandemic protocols in place. Photo: Scott Graham on Unsplash
The free income tax service for low income earners in Greater Trail will run from March 2 to April 30 with pandemic protocols in place. Photo: Scott Graham on Unsplash
The Canada Revenue Agency says there were 32 tax fraud convictions across the country between April 2019 and March 2020. (Pixabay)

Vancouver man sentenced to 29 months, fined $645K for tax evasion, forgery

Michael Sholz reportedly forged documents to support ineligible tax credits linked to homeownership

The Canada Revenue Agency says there were 32 tax fraud convictions across the country between April 2019 and March 2020. (Pixabay)
Ron Clarke is a Trail Times columnist.

Tax aids and benefits for persons with disabilities

For residents of Canada with disabilities there is a multitude of specific government benefits …

Ron Clarke is a Trail Times columnist.