Podcasts about canada revenue agency cra

In this episode, host Gerry Scott is joined by Carol Sadler, CPA from Achen Henderson CPAs to break down the complexities of estate and death taxes for Canadians with U.S. ties. They explore the differences between Canada's death tax and the U.S. estate tax, the importance of final returns, and the role of trusts in estate planning. The discussion also covers the challenges of managing estates in blended families and why professional guidance is crucial for navigating cross-border tax implications. Canada doesn't have an estate tax, but a deemed disposition of assets at death may trigger capital gains taxes. All income up to the date of death must be included in the final tax return, and an estate tax return is required for any ongoing estate administration. U.S. individuals dealing with foreign trusts may face added tax complications, particularly with Passive Foreign Investment Company (PFIC) rules affecting certain trusts and mutual funds. Estate distributions also require clearance certificates from the Canada Revenue Agency (CRA) to ensure all taxes are settled before assets can be transferred to beneficiaries. Carol explains how trusts can be powerful tools, especially for blended families, allowing for structured asset management while minimizing tax burdens. However, improper distributions can lead to unintended tax consequences, making professional advice essential for compliance and long-term planning.

Massive CRA Breach Exposed & Cyber Challenges in Healthcare and Retail In this episode of Cyber Security Today, host Jim Love delves into the significant cyber security incidents impacting Canada, healthcare, and retail sectors. A report from CBC and Radio Canada reveals that the Canada Revenue Agency (CRA) has been compromised multiple times, leading to tens of thousands of hacked tax accounts and millions in fraudulent refunds. The episode also highlights a new report from Forescout Technologies that identifies critical vulnerabilities in connected medical devices, posing serious risks to patient safety and data security. Additionally, the 2024 Trustwave Retail Risk Radar Report outlines the evolving cyber threats facing retailers during the e-commerce boom, including phishing, credential stuffing, and ransomware attacks. Links to the detailed reports are provided in the show notes. Tune in for an in-depth discussion on these pressing cyber security challenges. 00:00 Introduction and Headlines 00:27 Canada Revenue Agency Hacked: Millions in Bogus Refunds 03:33 Medical Devices at Risk: Forescout's Alarming Report 06:42 Retail Cybersecurity Challenges: TrustWave's Insights 09:21 Conclusion and Show Notes

Welcome to the CanadianSME Small Business Podcast, where we explore the essential tools and resources that empower small businesses across Canada. In today's episode, we're diving into a critical topic for every entrepreneur: how the Canada Revenue Agency (CRA) supports small businesses. Understanding the services and resources available through the CRA can significantly impact your business's growth and compliance.Our guest today is Shelly Pederson, Team Leader in the Liaison Officer Service at the CRA. With over 18 years of experience at the CRA, Shelly has worked in various roles, including income tax and GST/HST auditor. Currently, she helps small business owners navigate their tax responsibilities effectively. We're thrilled to have Shelly share her expertise and insights on how the CRA can help Canadian small businesses thrive.Key Highlights:CRA Services for Small Business Owners: Key services and resources available to small businesses to ensure tax compliance.Digital Services: How the CRA is leveraging online tools to streamline operations for small business owners.The Liaison Officer Service: How the CRA's Liaison Officer Service provides direct assistance to entrepreneurs in understanding their tax obligations.Contacting the Liaison Officer Service: Clarifying concerns about audits and how small businesses can proactively engage with the CRA.Evolution of CRA Services: Recent changes that the CRA has implemented to better serve small businesses in a rapidly changing landscape.A special thanks to Shelly Pederson for sharing her expertise and valuable insights on how small business owners can benefit from CRA services.Shoutout to our sponsors! For more information, check out the links below:RBC: https://www.rbcroyalbank.com/dms/business/accounts/beyond-banking/index.htmlUPS: https://solutions.ups.com/ca-beunstoppable.html?WT.mc_id=BUSMEWAConstant Contact: https://www.constantcontact.com/landing1/new-marketer?utm_campaign=canadiansme&utm_medium=sponsorlogo&utm_source=brand   IHG Hotels and Resorts: https://businessedge.ihg.com/s/registration?language=en_US&CanSMEGoogle: https://www.google.ca/Don't forget to subscribe to CanadianSME Small Business Magazine at www.canadiansme.ca for more insightful episodes that empower your entrepreneurial spirit. Stay tuned for more expert advice to help your business thrive!

⚡️Did You Know?! IRS and CRA have zero Authority - You Could

Owing the Canada Revenue Agency (CRA) money can be overwhelming. This government agency has greater powers to collect compared to other creditors. What do you do when you simply cannot pay your outstanding tax debt?The good news is that there are ways that you can overcome debts owing to the CRA. In this podcast, Licensed Insolvency Trustee Leigh Taylor talks about the importance of filing your taxes and the steps you can take when you are unable to pay your outstanding taxes. Leigh also covers:How to avoid tax debt and consequences of not filingSolutions available if your tax debt is insurmountableIncluding tax debt when filing Bankruptcy or a Consumer ProposalTax laws for self employment, PST and GST tax remittancesWhat happens when tax debt is ignoredContacting a Licensed Insolvency Trustee to explore options Licensed Insolvency Trustees are federally regulated and experts in debt management solutions. They offer a free initial consultation at which time they will go through all the options available to you to help you break free from the cycle of debt. About Leigh TaylorLeigh began his career as an Official Receiver with the Office of the Superintendent of Bankruptcy. He is a Certified Professional Accountant and attained his license as a  Licensed Insolvency Trustee in 1980. LCTaylor's mission is to help people get out of debt through compassionate care and professional service. With over 40 years experience in the insolvency field, Leigh and his staff have helped over 50,000 Manitobans solve their debt problems.  Additional ResourcesLCTaylor Licensed Insolvency TrusteeCRA Debt: What You Need to Know and How to Resolve ItTax Debt: Looking into Unfiled Tax Returns in Canada

Inflation has decreased to 2.7% this month, down from 2.9% the previous month. This marks the lowest inflation rate in over three years, specifically since March 2021. At that time, the overnight interest rate was 0.25%. Despite this improvement, shelter costs continue to drive inflation, with increases at 6.4%, up from 4.9% last year. Mortgage interest costs have surged by 24.5%, and rent has risen by 8.2% compared to April last year. When excluding shelter costs from the Consumer Price Index (CPI) basket, inflation would be just 1.2%.This decline in inflation could open the door for a potential interest rate cut at the upcoming June 5th announcement by the Bank of Canada (BoC). However, with the current inflation rate still above the 2% target, sustained reductions to the target level are preferred before any decisive action. The market is pricing in a 55% chance of a rate cut in June, but certainty remains low. The BoC's approach is reactive, and it could be six months before inflation stabilizes at 2%.In April, the BoC slightly revised its neutral rate, which is now set at 2.25% to 3.25%, up from the previous 2-3% range. This revision, influenced by higher US neutral rates and domestic factors such as higher long-term labor input growth offset by lower productivity growth, suggests a relaxation of stringent economic requirements.The BoC's updated assessment considers the impact of government debt and population growth on the neutral rate. Increased government debt and more generous public pensions put upward pressure on the neutral rate, suggesting prolonged higher taxes, ongoing inflationary pressure and overall higher prices.The Canada Revenue Agency (CRA) now requires tenants to withhold and remit 25% of their rent if their landlord is a non-resident. This is to ensure the CRA collects taxes owed by foreign property owners. Tenants must also file an NR4 tax form, and failure to comply can result in the tenant being held liable for unpaid taxes, penalties, and interest. This policy faces practical challenges due to the lack of a public beneficial ownership registry, making it difficult for tenants to verify if their landlord is a non-resident. Consequently, tenants could face eviction for not paying full rent if they withhold the 25%.RBC predicts significant interest rate cuts starting in 2024 and going through 2025, with a 25-basis point cut anticipated in June and a total of 200 basis points in cuts by the end of next year. They expect the Canadian dollar to weaken, impacting housing affordability and resale activity. Despite weak affordability, resale activity is expected to pick up mid-year as rates fall. Home prices, which were down 2.6% in 2023, are projected to decrease by another 1% in 2024 before rising by 3.1% in 2025.Active home listings have reached over 13,900, marking a five-year high since September 2019. While this increase in inventory might lead to better deals for buyers, it will take months to absorb this supply. A potential rate cut could temporarily stimulatebuyer activity, particularly in typically slow months like August when motivated sellers might offer better deals. _________________________________ Contact Us To Book Your Private Consultation:

Navigating the complex world of retirement savings in Canada and wondering if RRSPs are the right choice for you?This episode is crucial for anyone looking to secure their financial future in Canada. With RRSPs being a central part of retirement planning, understanding their nuances and tax implications is essential, especially given the ever-changing economic landscape. Whether you're just starting out or looking to optimize your existing retirement plan, this discussion offers insights directly applicable to your financial journey.What you'll learn: Discover tailored strategies for RRSP investment, considering your unique financial situation and goals, ensuring your retirement plan is as efficient and beneficial as possible.Learn about the potential tax implications and benefits of RRSPs, including how to manage your contributions to minimize future tax burdens.Gain insights into alternative savings and investment strategies, such as tax-free savings accounts and the use of permanent life insurance policies, to diversify and strengthen your financial plan.Resources: Should I Invest in A RRSP or TFSA?Canada Revenue Agency (CRA) overview of the Tax Free Savings Account (TFSA)Canada Revenue Agency (CRA) overview of the Registered Retirement Savings Plan (RRSP)Book a Discovery Call with Kyle to review your corporate (or personal) wealth strategy to help you overcome your current struggle and take the next step in your Canadian Wealth Building Journey!Looking for a new mortgage, renewal, refinance, or HELOC? Reach out to Jon to share some options.Follow/Connect with Kyle Pearce on LinkedIn for daily posts and conversations about business, finance, and investment. Calling All Canadian Incorporated Business Owners & Investors:Consider reaching out to Kyle if you've been……taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.By hopping on a discovery call with Kyle, he will review your specific personal and corporate financial situation in order to determine if there are some quick wins available for you to minimize taxes personally or corporately, provide ideas for how you can increase your personal cash flow, and ensure that the net worth of your estate continues to grow in tandem. Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Many Canadians have already filed their taxes, but the Canada Revenue Agency (CRA) has now paused new reporting requirements for bare trusts, giving thousands an unnecessary bill. Guest: Gerry Vittoratos - National Tax Specialist, UFile.ca

In this episode, we tackle the recent upheaval in the world of trusts, as the Canadian government and the Canada Revenue Agency (CRA) roll out new reporting rules that could significantly impact families and financial professionals across the country.Join me as we discuss the implications of these changes, explore why awareness remains low despite the looming deadlines, and discuss the concerns raised by professional accountants about the daunting and expensive nature of compliance. My guest, Michelle Connolly, Senior Vice-President of Advanced Tax & Estate Planning at Wellington-Altus, brings her expertise to the table, offering invaluable advice on navigating these new changes.Whether you're a taxpayer, financial advisor, or simply curious about the latest developments in Canadian tax law, this episode promises essential insights and practical guidance you won't want to miss.-----------------------------------------GUEST LINKS & RESOURCES: New Trust Rules ArticleLEARN MORE ABOUT BMO ETFS (SPONSOR)-----------------------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

Chris Nyberg's law practice focuses on transactional and commercial matters, including mergers and acquisitions, corporate finance and complex commercial transactions for start-up and mid-market companies in technology, food, beverage and agribusiness, healthcare and other regulated industries. He has broad experience with a range of private equity, venture capital and other institutional investments as well as complex acquisitions, mergers, divestitures, minority investments, and cross-border transactions. In addition to transactional work, Chris's experience includes advising clients on all aspects of their corporate and commercial arrangements, including reorganizations and other corporate restructurings, as well as assisting with their corporate governance. Chris also regularly advises applicants, licensees, retailers, brands, service providers, First Nations communities and businesses and members of adjacent industries on all manner of cannabis-related mandates. He was seconded to one of North America's leading licensed producers and has taught cannabis law and regulation at two major Canadian universities.Chris co-authored a recent article: Saving Cannabis Inventory From Going Up in Smoke - Tantalus caseA recent decision established that Canada Revenue Agency (“CRA”) should not withhold the renewal of an excise licence issued under the Excise Act, 2001 (“Excise Act”) where an excise licence is necessary for the debtor to deal with their assets within an insolvency proceeding.Chris is* Recognized in The Best Lawyers in Canada, Cannabis Law (2022)* Recognized in Chambers Canada: Canada's Leading Lawyers for Business, Cannabis Law (2020 – 2022)* Recognized in The Legal 500 Canada, Cannabis Law (2020 – 2022)Thank you to Jeremy Benning, our co-producer and sound editor.And thank you to Albert Wong, who created and performed our beautiful music.For more insightful conversations related to cannabis law, listen to our other episodes at https://podcast.cannabislawonearth.com/ If you're looking for a good text book on Canada's federal cannabis law and regulations with helpful related case law, read Canada's Cannabis Act.And if you need a cannabis lawyer, ask Russell for more information at https://cannabislaw.ca

Jason talks to Scott Terrio, Manager of Consumer Insolvency at Hoyes Michalos. Scott is here to discuss the impact of COVID-19 on businesses, focusing on the Canadian Emergency Business Account (CEBA). Jason and Scott will also delve into the economic challenges faced by various sectors and the diverse effects of the pandemic on businesses and the unexpected impacts on certain sectors during different phases.Episode Highlights:01:06: Scott provides an overview of his role and the services offered by Hoyes Michalos, highlighting their focus on personal insolvencies and their significant experience in the field.02:52: Jason introduces the main topic, discussing the Canadian Emergency Business Account (CEBA) and its implications for businesses.03:24: Scott explains the purpose of the CEBA and its role in providing financial support to businesses during the economic downturn caused by the pandemic.07:02: Scott provides insights into the diverse range of businesses significantly impacted by the pandemic, highlighting sectors like restaurants, bars, entertainment, tattoo artists, and flight attendants.12:19: Jason outlines the current challenges faced by business owners, including loans coming due, economic difficulties in specific sectors, and cash flow constraints.13:12: Scott highlights the aggressive actions taken by the Canada Revenue Agency (CRA), freezing accounts, and putting additional pressure on businesses. He also mentions businesses using funds meant for HST or payroll to sustain operations during the pandemic.16:30: Scott emphasizes the importance of seeking assistance promptly, sharing insights from their experience that individuals often take 12 to 24 months to reach out for help when realizing they're in financial trouble.28:21: Scott introduces the concept of tribal knowledge derived from the US and emphasizes the inclusion of various unsecured debts in a consumer proposal, such as tax, HST, credit cards, personal loans, and more.28:56: Scott compares the insolvency code in Canada to the U.S. He emphasizes that Canada's system is more gentle, less litigious, and cheaper.Key Points:Scott provides insights into the struggles of small businesses, ranging from restaurants and bars to tattoo artists and flight attendants, highlighting the diverse impact of the pandemic across different industries.The discussion covers the economic uncertainty during the early days of the pandemic, the unexpected impacts on sectors like flower shops, and the challenges faced by businesses in terms of ramping up and letting go of employees.Scott addresses counterproductive behaviours individuals exhibit during financial struggles and stresses the legal obligation of trustees to provide options.Tweetable Quotes:"Time is the enemy of debt. Seeking assistance promptly is crucial. Waiting 12-24 months to address financial troubles can exacerbate the situation.""Consumer proposals offer a more inclusive approach, covering tax, credit cards, and more. Understanding the nuances helps dispel misconceptions about the insolvency process.""In the complex game of finances, early intervention is your winning strategy. Act promptly, seek advice, and navigate the challenges strategically to secure your financial well-being."Resources mentioned:https://www.linkedin.com/in/scott-terrio/?original_referer=https%3A%2F%2Fwww%2Egoogle%2Ecom%2F&originalSubdomain=ca Hosted on Acast. See acast.com/privacy for more information.

Meet Leslie Fitzgerald, a seasoned real estate entrepreneur with a remarkable track record spanning almost three decades. With a profound passion for real estate and design, Leslie has masterfully managed and owned an impressive portfolio of multi-family properties, strategically leveraging her expertise to create thriving investment ventures.In this episode, we talk about: Leslie's journey as an experienced real estate investor and her pivot to US investments due to unfavorable tenant laws in Canada.Poor record keeping can lead to issues with the Canada Revenue Agency (CRA), as Leslie experienced firsthand.Being proactive about record keeping can save investors from complications during audits or legal disputes.The requirements for claiming educational expenses and how they need to be directly related to an active business operation.How accountants play a crucial role in understanding short-term and long-term financial strategies, especially when dealing with deductible expenses like education costs.Tune in to the Let's Get Real Estate Podcast to gain invaluable insights into navigating tax-related issues in real estate investing!About LeslieRenowned for her expertise in the Buy, Rehab, Rent, Refinance, Repeat (BRRR) method, Leslie has perfected the art of acquiring undervalued properties, revitalizing them through strategic renovations, and subsequently renting them out to secure a consistent stream of income. Her unparalleled experience in the BRRRR method has not only yielded impressive financial gains but also solidified her reputation as a trailblazer in the industry. Throughout her journey, Leslie has not only accumulated wealth but has also garnered a wealth of knowledge, insight, and foresight into the dynamic real estate landscape. Her commitment to innovation and adaptability has enabled her to navigate market fluctuations, consistently staying ahead of the curve. As a visionary leader in the real estate realm, Leslie continues to inspire both seasoned investors and newcomers alike. Her accomplishments stand as a testament to the power of strategic thinking, dedication, and a relentless pursuit of excellence in the world of real estate investment.Connect with LeslieFacebook - https://www.facebook.com/leslie.fitzgerald.73?mibextid=ZbWKwLConnect with Danielle ChiassonWebsite: https://strategicsuccessconsulting.comLinkedIn: https://www.linkedin.com/in/daniellechiasson/Facebook: https://www.facebook.com/DaniChiassonInstagram: https://www.instagram.com/letsgetrealTikTok: https://www.tiktok.com/@danichiassonBook in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chatListen in and subscribe for more.You can also leave us a review and of course, don't forget to share. I'm sure there are real people in your network who can take advantage of what they're going to learn from the show.Interested in becoming a guest on the show? Email admin@letsgetrealpodcast.com with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/. 

When it comes to taxes, planning, and the Canada Revenue Agency (CRA), there is a great need for understanding and awareness when it comes to end-of-life estate planning. So to help navigate how taxation affects Canadians after death, financial planner Tim Jenkins joins Dave and Reb on episode #351 of "Let's Talk Money with Dave and Reb". They uncover the issues and offer some alternatives to paying a potentially large tax bill. Listen in to learn more on this show sponsored by More Than Enough Financial—a financial coaching, tax, and mortgage company empowering people to find hope and freedom as they effectively manage their finances one day at a time. Listen to today's episode sponsored by Financial Discipleship Canada and notmine.ca—a ministry to the body of Christ that voices and encourages dialogue and new conversations regarding finance and discipleship. To learn how you can connect your finances to being a disciple of Christ go to financialdiscipleship.ca. To order Reb's e-book, audio book, or soft-cover copy of Cultivating Trust: Finding God's Hope and Freedom for Your Finances, go to www.morethanenoughbooks.ca. To connect with Tim go to trinityfamilywealth.ca. To read the blog related to the topic go to trinityfamilywealth.ca/how-to-eliminate-cra-from-your-estate. Aired: November 3rd, 2023 on CHRI Radio 99.1FM in Ottawa, Canada. For questions or to schedule an appointment with a More Than Enough team member, e-mail david@morethanenough.ca or call 613-520-4157. For more CHRI shows, visit chri.ca.

The CEO of Shopify (Tobias Lutke) tweeted last week that the company intends to fight a request from the Canada Revenue Agency (CRA) to turn over six years of records of more than 121,000 Canadian stores using the firm's platform.  If you use Shopify in your business, this tweet should have made you sit up a little straighter in your chair...What is a "requirement" and can Shopify be required to turn over this information?  Check out this episode for more details!RESOURCES DISCUSSED ON THIS EPISODE: Requirements to Provide Information: https://www.canada.ca/en/revenue-agency/services/tax/technical-information/compliance-manuals-policies/acquiring-information-taxpayers-registrants-third-parties.html  Jamie Golumbek, "How the taxman uses the 'unnamed persons' rule to uncover potential tax cheats (Financial Post) https://financialpost.com/personal-finance/taxes/how-the-taxman-uses-the-unnamed-persons-rule-to-uncover-potential-tax-cheats National Post Article on France/Australia requests: https://nationalpost.com/news/canada/france-australia-join-canada-in-seeking-information-from-cra-on-shopify-clients-as-part-of-tax-audits  HERE ARE SOME OTHER WAYS TO CONNECT WITH ME: My new website is now live!!!  www.thetaxchick.ca  Email: thetaxchickpodcast@gmail.com LinkedIn: https://www.linkedin.com/in/amandasadoucette    Instagram: https://www.instagram.com/tax.chick/  Be a "Tax Chick VIP": http://eepurl.com/hNbXcb 

In this iteration of listener Q&A,  we'll kick things off by discussing the concept of selling winners and buying losers, and why maintaining a target allocation is crucial to avoid overexposure to a single risk. We also explore the unpredictability of country performance and the importance of diversification when building a portfolio of stocks.Dive deeper into the benefits and risks of holding individual stocks within a Tax-Free Savings Account (TFSA). We reveal why it's best to have these stocks in a non-registered account and address the complexity of transferring investments between account types. As we unravel the confusion surrounding capital gains tax, you'll gain a greater understanding of how the Canada Revenue Agency (CRA) taxes capital gains, how capital losses can offset future gains, and even how donating these assets can become a valuable tax planning strategy.Calculate Your Net Worth With The Full Financial Picture SpreadsheetStart the Find Your Focus Scorecard Now!Receive the Fully Invested Newsletter by signing up hereCONNECT WITH EVAN

The Bill Kelly Show Podcast: The Ford government tabled new legislation that will give itself the power to convert underutilized schools in Ontario into affordable housing or sell off the properties on the open market, in a major overhaul of education policies. The new bill, called the Better Schools and Student Outcomes Act, includes sweeping new measures aimed at standardizing the education system to align with “provincial priorities” — which will be set by education minister Stephen Lecce — and to give parents greater say over their children's education. GUEST: Colin D'Mello, Queen's Park Bureau Chief for Global News - Public Service Alliance of Canada (PSAC) leadership says all workers in a legal strike position will strike Wednesday if they don't reach an agreement by 9 p.m. ET Tuesday. Its bargaining groups — one of about 35,000 Canada Revenue Agency (CRA) workers, the other of about 120,000 staff spread across more than 20 departments and agencies — each moved into legal strike positions last week after strike votes. GUEST: Peggy Nash, Chair of the Ted Rogers School of Management Centre for Labour Management Relations and author of Women Winning Office: An Activist's Guide To Getting Elected - Envision access to shops, parks, schools, and medical facilities within a 15-minute walk or bike ride! So why are we scared of well-planned communities that don't worship cars? GUEST: Lorraine Sommerfeld, Columnist for Driving.ca and the Hamilton Spectator

This past Friday, workers at the Canada Revenue Agency (CRA) voted in favour of a strike ahead of mediation that takes place later this month. The union wants a pay increase, more flexibility on remote-work, and improved job security and work/life balance. If this happens, it could have a big effect on a lot of things such as your tax refund. Guest: Kelsey Campbell. Network Executive Producer, CKNW. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's podcast: The housing crisis – why Canadians are considering co-op housing as rent prices continue to rise. Guest: Tim Ross, executive director of the Co-op housing federation of Canada. Tax Deadline is fast approaching, but some developments are happening at the same time. This past Friday, workers at the Canada Revenue Agency (CRA) voted in favour of a strike ahead of mediation that takes place later this month. The union wants a pay increase, more flexibility on remote-work, and improved job security and work/life balance. If this happens, it could have a big effect on a lot of things such as your tax refund. Guest: Kelsey Campbell. Network Executive Producer, CKNW. About 100,000 customers in Quebec are without power as Hydro Quebec works on its damaged energy grid after last weeks deadly ice storm. So far this storm is linked to 3 deaths and has left Southern Quebec and Eastern Ontario under a coat of ice. To get a look on the ground, Martin's daughter Ruby (who lives in Quebec) joins us today. Ruby Strong. Roy Ratnavel's memoir about how he fled torture and imprisonment in Sri Lanka, arrived in Canada all alone at the age of eighteen with $50 in his pocket, and rose from the mailroom to the executive suite of the country's largest independent asset management company. - book is released on April 18th. Roy Ratnavel. Author “Prisoner #1056”. Executive VP, CI Financial. --------------------------------------------- Host – Martin Strong Executive Producer – Kelsey Campbell Content Producer – Demi Knight Technical Producer – Phil Figueiredo Podcast Producer – Tom McKay If you enjoyed the podcast, tell a friend! For more of the Roy Green Show, subscribe to the podcast! https://globalnews.ca/roygreen/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Get Real Wealthy Season 4, Quentin D'Souza discusses the Underutilized Housing Tax Form. Quentine explains that property investors in Canada must complete the nine-page form, issued by the Canada Revenue Agency (CRA). Applicable to corporations, holdingc ompanies, and partnerships, it must be submitted annually by the end of April, starting in 2023. The form discloses property ownership under structures like corporations, limited partnerships, or joint ventures and is mandatory for properties with three or fewer units. Non-compliance fines are steep, at $10,000 per property. The form includes details about ownership, partnership, and vacancy, aiming to target vacant properties for additional taxation.However, Quentin notes that the form may cause confusion for investors with non-traditional ownership structures or partnerships where not all owners are listed on the title. While the CRA may already possess some of this information from annual tax filings, the new form and database create a separate compilation of data that could potentially be shared with third parties like financial institutions. This could create problems for some investors in qualifying for properties or loans.Although it is unclear whether the CRA can share this information, it is essential to be aware of potential risks and consider solutions like putting the property in your name or co-qualifying to alleviate any title issues. Quentin advises listeners to make sure to review the Underutilized Housing Tax Form if they have not completed it yet.To reduce costs and bureaucracy when completing the required housing tax forms for multiple properties, Quentin suggests having an accountant complete the forms using one property as a template. Accountants may charge $500-$800 per form, but they can ensure that the nine-page forms are filed correctly. In conclusion, Quentin emphasizes that as more bureaucratic procedures arise, fewer housing units might become available, especially for smaller-scale landlords managing three or fewer units.ImportantLinks and Resources· https://www.instagram.com/qmanrei · quentin@getrealwealthy.com· https://EducationREI.ca· https://GetRealWealthy.comhttps://DurhamREI.ca

It's Getting Scarry In Canada: CERB update: Recently, the Canada Revenue Agency (CRA) has been asking Canadians who received government relief checks from the COVID program ( Canada Emergency Response Benefit ) or CERB to return those checks. If you've received a government relief check from COVID, please be sure to immediately contact the CRA to discuss your situation. Since the COVID program ended in May of this year, many Canadians have received government relief checks in the form of cheques. If you've received a government relief cheque from COVID, please be sure to deposit that cheque into your bank account as soon as possible. If you haven't deposited the check yet, you can use the online deposit service to submit your cheque.

Talking to the author of Tea Party of One, Jean-Serge Brisson, the other day I learned that here in Canada travelling as a right was flipped into driving as a privilege in 1984 (not that long ago!). Why did they flip it? Because they know a right cannot be charged for or taxed. But a privilege can. In this second interview with Jean-Serge who has gone head-to-head with the Canada Revenue Agency (CRA) and won, we will talk about the ways you can navigate and take yourself off of the low hanging fruit list the government feasts on when it comes to moving freely on the earth as God intends. Join us live February 3, 12:30 PM CST Jean-Serge's Bio: Jean-Serge Brisson (born June 28, 1954) is a Canadian political activist, tax reform advocate, politician, and author. He is a former leader of the Libertarian Party of Canada , and from 2000 to 2008 was elected as a municipal councillor in Russell Twp, his hometown of Embrun is in that TWP. He gained national notoriety in the 1990s for his opposition to businesses being forced to collect the provincial sales tax (PST) without being remunerated. Brisson was born in Embrun , Ontario, a small village to the east of Ottawa and raised on a dairy farm. He describes his early experiences with jobs and bosses to have put him off from ever being able to work for a boss, wanting to instead start his own business and be his own boss. He first apprenticed as a radiator technician and, in 1974, opened his own company in Embrun, Independent Radiator Co. In the early 1990s, Brisson refused to continue collecting the Provincial Sales Tax (PST) putting forward the idea to the then New Democratic Party of Bob Rae, that collection of any money by small business for any government is slavery. Brisson said he never agreed to be hired as a tax collector for the provincial government, but if he was going to be doing their work, he expected to be paid the same as other provincial tax collectors. Brisson documented his experience in his book titled Tea Party of One: All Governments Invited. In 1994, Brisson claims to have ceased filing income takes returns. --- Send in a voice message: https://anchor.fm/beth-martens/message

According to the Canadian Real Estate Association (CREA), the term master and its relationship to slavery and male centricity has caused concern. We talk about your suggestions of what we should call the Master bedroom! The Canada Revenue Agency (CRA) says it's sitting on a ton of money in uncashed cheques that never expire – about $1.4 billion as of last year. How to get your uncashed cheques from the CRAL: -              Log into your CRA account -              Navigate to Accounts and Payments -              Click on Uncashed Cheques How do you feel about packing your kids school lunches? Any tips for B Mack? We find out who the last winner of the Sam Smith tickets is! Lisa Marie Presley has passed away. She was rushed to the hospital after her housekeeper found her unresponsive at her Calabasas home. EMTs were able to regain a pulse before she was transported to the hospital. We discuss more words to use instead of 'master' bedroom.  Kanye got married!?!?!?!?!?!!?  Prince Harry's book is the biggest selling book of all time at INDIGO!

The Canada Revenue Agency (CRA) has special powers for collections of unpaid taxes. These may include wage garnishments, freezing bank accounts, seizure of investments or putting a lien on your home. But when it comes to the Bankruptcy & Insolvency Act, the CRA is treated like any other creditor in a Consumer Proposal or a personal Bankruptcy. Licensed Insolvency Trustee, Derek Chase, shed some light on the subject of taxes - unpaid taxes, unfiled taxes and ways to deal with tax debt. Other topics covered in this podcast are:Different kinds of tax debt CRA's penalties and feesWhen you receive an unfair assessments from the CRAConsequences of not filing your taxesOptions when dealing with tax debtsIf you have tax debt that you cannot manage, speak to a Licensed Insolvency Trustee. They are federally regulated and approved by the Canadian government, and will give you honest advice about the options available to you.About Derek ChaseDerek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted. Additional Resources Derek L Chase & Associates Ltd. Licensed Insolvency TrusteeHow Your Income Tax Return Is Filed During BankruptcyTax Debt Help – What You Need to Know

Roy L Hales/ Cortes Currents - More than a third of the 'housing insecure' respondents to the survey on Quadra Island and 15% on Cortes Island were seniors. The percentage was lower throughout the Strathcona Regional District, but a significant number of residents are paying more for rent or mortgages than they can afford. In the second half of an interview with North Island-Powell River MP Rachel Blaney, she talks about ways the government can help seniors living below the poverty line. (As there was room in today's broadcast and they effect seniors as well as the wider population, she also spoke about GST rebates and carbon pricing.) “We know across Canada we're definitely hearing from a lot more seniors, probably because we have, of course, an aging population. For Cortes, that's about 27% of people that are over 65 and for Quadra quite a lot higher than that,” Blaney began. She considers couples earning $30,000 or less to be below the poverty line, ‘because it's pretty hard to live under that amount.' One of the things that concerned her was the Government's decision to only increase Old Age Security (OAS) benefits for people over the age of 75. “The Liberal government has brought this forward and said, ‘Okay, we know that seniors 75 and older are struggling.' They have a lot of statistics to back that up, and I don't disagree with them,” explained Blaney. “The problem is it means that they're assuming that every senior between the age of 65 and 74 is fine and dandy and we know that's not the case. If you're a senior who has a severe disability, if you're a senior who has a very modest income, life is not getting better for you and you are really struggling.” “So it's one of those things where I have to ask the seniors minister, ‘Are you not taking into consideration that if you leave people struggling between the ages of 65 and 74, their health outcomes are going to be a lot worse when they hit 75? So we're really encouraging them not to have a two-tier system. It doesn't make any sense. Just give people who are 65 and older the same amount of OAS as everybody else so that we can nip that in the bud.'” Another one of the problems that Blaney is concerned about is the 25,000 to 35,000 seniors that are cut off from the Guaranteed Income Supplement (GIS) every year and then reinstated after 3 or 4 months. The problem first came to her attention shortly after Blaney was elected. A woman in her 80's, who did not know where to turn, phoned the constituency office and said she was about to be evicted from her home. She had been ill during tax season, was a few weeks late getting her taxes in and was consequently cut off from the GIS. Blaney's Office was able to fast track her reinstatement with the Canada Revenue Agency (CRA) and reassure the woman's landlord that her rent money was coming. Since then, every July when the tax assessments come out, Blaney hears from seniors across North Island-Powell River who have been cut off from the GIS. So she filed a question on the order paper in parliament and received more information about the Canadian seniors who were being cut off. “Most likely what was happening was seniors were getting their taxes in a little bit late for whatever reason. The stories that I've heard are: somebody is sick, a loved one passes away, they're caring for their partner who is very ill, so many different things.” So Blaney is filing Motion 70, which calls for a year of grace before seniors are cut off from the GIS.

Animal Communicator Liz Murdoch interviews Lori Cohen, Executive Director of The Beagle Alliance. Lori and Liz have worked together utilizing Interspecies Communication to help beagles in a variety of situations. Lori is a beagle supporter and someone who has worked for years with beagles who have been released after testing. The Beagle Alliance is a Canada Revenue Agency (CRA) registered charity whose mission is to rescue animals from testing facilities as well as abused, abandoned and neglected. The Beagle Alliance also advocates for non-animal use in research. TBA is based in Canada but partners with Cage to Couch in Los Angles, CA and rescues animals across borders. Tune in and gain insights on what it takes to help a rescue dog thrive, what to consider if you are hoping to adopt a medical research or other dog that may need extra support with socialization and adapting from stressful situations. For more on The Beagle Alliance and partner, visit them on Instagram @thebeaglealliance or @cagetocouchrescue or  www.thebeaglealliance.org For more on Liz Murdoch's Dog Talk & Animal Communication work, visit her on Instagram @talkingwiththedogs or www.talkingwiththedogs.com 

Join a TAKE TWO live King Hero Interview with a man who was not going to take it anymore. For myself, as the daughter of entrepreneurs who were extorted and made to slave to collect taxes for the government, Jean-Serge Brisson's mission is close to my heart. In this interview we will talk about the story he tells in his book, Tea Party for One, that caused Canada Revenue Agency (CRA) to take him to court, and how he won by showing how the government was breaking their own laws, and perpetuating a system they admit is broken and dysfunctional. We're also going to discuss the subject of his second book he's writing that provides proof of the CRA lying in court. In his own words about how he started his path of speaking out. “I was born on a dairy farm and worked around farmers all my life. I know their issues well. The reason I did not become a farmer is because I found the government involved in to much of what farmers do. I ran for elections many times and am a hardened Libertarian. But I do believe in people finding their own solutions to problems that cannot be resolved in a normal course of action such as Market Management for dairy. It is the industry that regulates it and controls it, Not government. There should be room to allow farmers to work outside Market Management and be free to deal with the public if they so wish to do. It would save MANY a small dairy farm." --- Send in a voice message: https://anchor.fm/beth-martens/message

Join a live King Hero Interview with a man who was not going to take it anymore. For myself, as the daughter of entrepreneurs who were extorted and made to slave to collect taxes for the government, Jean-Serge Brisson's mission is close to my heart. In this interview we will talk about the story he tells in his book, Tea Party for One, that caused Canada Revenue Agency (CRA) to take him to court, and how he won by showing how the government was breaking their own laws, and perpetuating a system they admit is broken and dysfunctional. We're also going to discuss the subject of his second book he's writing that provides proof of the CRA lying in court. In his own words about how he started his path of speaking out: “I was born on a dairy farm and worked around farmers all my life. I know their issues well. The reason I did not become a farmer is because I found the government involved in to much of what farmers do. I ran for elections many times and am a hardened Libertarian. But I do believe in people finding their own solutions to problems that cannot be resolved in a normal course of action such as Market Management for dairy. It is the industry that regulates it and controls it, Not government. There should be room to allow farmers to work outside Market Management and be free to deal with the public if they so wish to do. It would save MANY a small dairy farm. --- Send in a voice message: https://anchor.fm/beth-martens/message

Being self-employed is about being independent. Most people enjoy the feeling until it comes to tax season. Obligations to the Canada Revenue Agency (CRA) can feel like you're twisted in red tape and paperwork. But it doesn't have to be so. In this podcast, Licensed Insolvency Trustee, Derek Chase talks about taxes and self-employment. How can you avoid the stress of the annual tax season? What systems can you put in place that will keep you on track through the year.Derek also discusses:Why self-employed people run into tax problemsWhy the CRAs penalties and interest charges make tax debt the hardest to catch up withWhat a good bookkeeper can do for youThe advantage of setting up monthly or quarterly tax installment paymentsWhat options are available when you aren't able to pay your taxes If you are struggling with any kind of debt, Licensed Insolvency trustees can help you regain control of your finances. They are considered some of the best financial advisors in the country and are licensed by the federal government of Canada.About Derek ChaseDerek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted. Additional Resources Derek L Chase & Associates Ltd. Licensed Insolvency TrusteeCanada Tax: How to Get Tax Debt Relief from CRATax Debt Help – What You Need to Know

• Ann Rohmer is with Dr. Anthony La Delfa (Lead Infectious Diseases Specialist Oak Valley Health) – thousands of Ontarians being reinfected, covid protection fatigue, should the mask mandate return? • Kevin Frankish is with clinical psychologist Dr. Monica Varmani. Anger can take many forms – it can be direct, passive aggressive, or even silent. You might not even know why someone is angry until they confront you or become violent. Whether it be the ongoing discussion of Will Smith at the Oscars or dealing with an extensive pandemic – anger, including road rage, is on the rise. • Craig Robertson speaks with a Seneca College international student who has already raised thousands of dollars for medical supplies to send to Ukraine; her parents and younger siblings all remain in Ukraine but on the move. • Tina Cortese looks into the TASTE FOR LIFE fundraiser for CAYR COMMUNITY CONNECTIONS • Jim Lang introduces the Ontario-based rescue No Dogs Left Behind who brought 16 dogs from China to Toronto, and how they are now in a safe house in Scarborough before going to adoptive families in US. • Ann Rohmer close the show with one man's fight with the Canada Revenue Agency (CRA) and what he calls the unfair taxes on wireless data.

March is Fraud Prevention Month - it's also the start of the tax season. It's the time of year when you get your documents and receipts in order. It's also the time of year when scammers and online fraudsters are working overtime. The Canada Revenue Agency (CRA) is warning Canadians of scams that could see you duped out of your hard earned cash.

We talk with bestselling author Robinson Smith about the Smith Manoeuvre, a way for Canadians to create tax deductions from the mortgage loan on their principal residence. Learn how to get a special "re-advanceable" mortgage that combines your mortgage loan with a line of credit. Use the line of credit to make further investments. Over time, the Smith Manoeuvre gradually converts your non-deductable mortgage loan interest to tax deductable investment interest. Rob explains exactly how it works. This strategy is allowed by the Canada Revenue Agency (CRA), and these special re-advanceable mortgages are offered by the big five banks in Canada. #smithmanoeuvre #mortgages #realestate Contact Rob Smith at: robsmith@smithman.net https://www.smithman.net Check out Rob's bestselling book here: https://www.amazon.ca/Master-Your-Mortgage-Financial-Freedom/dp/1999171608/ref=sr_1_1  

No one likes to pay taxes. But pay them, you must. The Canada Revenue Agency (CRA) has several powers to collect unpaid taxes. These include wage garnishments, seizure of investments, freezing bank accounts - to name a few. And be assured the CRA will pursue these collection options. This timely podcast Licensed Insolvency Trustee, Bonnie Hooley of LCTaylor discusses the CRA and tax debt. A must listen if you are wondering if you can just ignore your tax problems. Bonnie addresses the following:Different options available to assist with tax debtArbitrary assessments and what steps the CRA will take to collect taxes How the Bankruptcy & Insolvency Act can eliminate tax debtsWhen to seek help from a Licensed Insolvency TrusteeLicensed Insolvency Trustees are federally regulated and approved by the Canadian government. They have extensive knowledge of the tax system and the options you have available to you if you are struggling with tax debt.  About Bonnie HooleyBonnie Hooley has worked in the insolvency field for over 40 years. She attained her Licensed Insolvency Trustee license in 1999 and is the Past President of the Manitoba Association of Insolvency and Restructuring Professionals (MAIRP). Over the years, she has served on various boards within her community.Additional ResourcesLCTaylor - Licensed Insolvency Trustee in Winnipeg | Bankruptcy Trustee CanadaTax Debt: How Unfiled Tax Returns In Canada Get You Into Trouble With CRALocal Manitoba Debt Help Experts | Winnipeg Debt Relief Specialists

Amanada Doucette is a Tax Lawyer and host of the most informative tax podcast for Canadians called, Tax Chick. Her passion is to help people navigate their way through problems that seem insurmountable. This includes helping business owners structure their affairs to ensure compliance with relevant tax laws, and providing support for entrepreneurs who are looking to establish and implement a strategic plan for their business goals. She also works with families who are struggling with how to transition wealth to the next generation and she believes in collaboration with the full advisory team (i.e., accountant, financial advisor, insurance specialist, and lawyer) to identify solutions. She acts on behalf of taxpayers in their communications with Canada Revenue Agency (CRA), up to and including appeals to the Tax Court of Canada. Not only does she take the lead in responding and negotiating with CRA representatives, but she also works with the taxpayer to put in place systems to ensure they have a clear understanding of the relevant tax laws to set them up for success in the future. Tax Chick Blog https://taxchickca.wordpress.com/ Tax Chick Instagram Tax Chick Podcast https://taxchickca.wordpress.com/podcast-coming-soon/ Podcast episode on Incorporation

Do you still need to file your 2020 income tax return? Do not fear, our expert is here! In this episode, I sit down with Paul Murphy, a Senior Communications Advisor at the Canada Revenue Agency (CRA) to discuss important tax tips that newcomers to Canada should know. Paul breaks down the process of filing your annual income tax return. He shares some definitions of various available benefits, credits and deductions that you can claim as well as which frauds and scams to look out for. (ad) Get 10% off CRA-approved TurboTax online tax filing software at bit.ly/turbotaxcanada  You don't want to miss: What is CRA and what do they do? An explanation of Canada's income tax system (e.g. Statement of Earnings, T4 Slips, Pay Deductions, Self-assessment principle) When do you become a resident of Canada for income tax purposes? When do you and your partner become common-law for income tax purposes? Which benefits & credits could you apply for? Plus, definitions of the Canada child benefit, GST/HST credit, and Climate Action Incentive. Filing your tax return: Which income tax package to use, how to file your tax return by Internet, and when to send the CRA your tax return. Which deductions could you claim? How to avoid falling prey to frauds and scams. PLUS, have you been working from home due to the pandemic? Learn how you can claim up to $400 for home office expenses! Links & Resources: (ad) Get 10% off CRA-approved TurboTax online tax filing software at bit.ly/turbotaxcanada  CRA's main newcomers to Canada page: HERE  CRA's webpage on residency status determination: HERE  Form RC151, GST/HST Credit Application for Individuals Who Become Residents of Canada: HERE Canada Child Benefit application: HERE and HERE Full list of certified software for filing electronically: HERE Download my 50 free tips from newcomers to Canada: What they wish they knew before they moved! bit.ly/freetipscanada Follow us on Instagram: @TheNewcomerCollective For more about us and what we do, check out our website: TheNewcomerCollective.com Make sure you hit SUBSCRIBE so you don't miss out on any of our inspiring interviews and valuable ‘life in Canada' lessons. And, if you enjoyed this episode, please let us know by leaving a review - Until next week!

In this episode, Anna Baydakova and Danny Nelson speak with Kim Nilsson, a former user of the oldest (and long defunct) Mt. Gox crypto exchange. Nilsson has investigated the infamous crypto theft and has been watching the effort to repay the exchange’s creditors. When Mt. Gox stopped functioning and filed for bankruptcy, Nilsson didn’t just sit back and see what happened. He set up his own bitcoin node, coded software and tracked the stolen bitcoin to where it landed. He’s also been an active member of the Mt. Gox creditor community over the years. Nilsson explains why it takes so long to resolve all the seven-year-old situations, why most of the creditors are still holding on to their claims (instead of selling them) and what’s next for those who have been waiting for repayment since 2014. We also asked him to chat with us about the most interesting global crypto stories of last week. That was fun! For example, Canadian exchange Coinsquare was obliged by a federal court in Canada to disclose data on some of its 20,000 users to the national tax agency, the Canada Revenue Agency (CRA). The taxman is knocking on crypto exchanges’ doors, and that, Nilsson believes, is basically the end of privacy in crypto.The rumor mill is working overtime in India: Will the nation ban all cryptocurrencies? Start blocking IP addresses of crypto exchanges? Maybe, maybe not. India is a big economy with a young and crypto-curious population, so the threat of crypto regulation has resounded.Meanwhile in Turkey, the national currency, the lira, is tanking, and people are buying bitcoin to protect their savings. There are neither regulations nor a specific tax on crypto in the country, and the interest in bitcoin is surging in the time of fiscal uncertainty. Stories mentioned in this episode:WSJ: The Man Who Solved Bitcoin’s Most Notorious HeistCoinDesk: Mt. GoxCoinDesk: Mt. Gox Creditors to Vote on Draft Rehabilitation PlanCoinDesk: Crypto Exchange Coinsquare Ordered to Hand Thousands of Customers’ Records to Canadian Tax AgencyCoinDesk: Crypto Is Not Regulated in Turkey, and It’s ThrivingCoinDesk: India May Block IP Addresses of Crypto Exchanges: Report Did you enjoy the show? We would love to hear what you think. Leave us a review on Apple Podcasts or your preferred service and talk to us directly via email at borderless@coindesk.com.

In this episode, Anna Baydakova and Danny Nelson speak with Kim Nilsson, a former user of the oldest (and long defunct) Mt. Gox crypto exchange. Nilsson has investigated the infamous crypto theft and has been watching the effort to repay the exchange's creditors. When Mt. Gox stopped functioning and filed for bankruptcy, Nilsson didn't just sit back and see what happened. He set up his own bitcoin node, coded software and tracked the stolen bitcoin to where it landed. He's also been an active member of the Mt. Gox creditor community over the years. Nilsson explains why it takes so long to resolve all the seven-year-old situations, why most of the creditors are still holding on to their claims (instead of selling them) and what's next for those who have been waiting for repayment since 2014. We also asked him to chat with us about the most interesting global crypto stories of last week. That was fun! For example, Canadian exchange Coinsquare was obliged by a federal court in Canada to disclose data on some of its 20,000 users to the national tax agency, the Canada Revenue Agency (CRA). The taxman is knocking on crypto exchanges' doors, and that, Nilsson believes, is basically the end of privacy in crypto.The rumor mill is working overtime in India: Will the nation ban all cryptocurrencies? Start blocking IP addresses of crypto exchanges? Maybe, maybe not. India is a big economy with a young and crypto-curious population, so the threat of crypto regulation has resounded.Meanwhile in Turkey, the national currency, the lira, is tanking, and people are buying bitcoin to protect their savings. There are neither regulations nor a specific tax on crypto in the country, and the interest in bitcoin is surging in the time of fiscal uncertainty. Stories mentioned in this episode:WSJ: The Man Who Solved Bitcoin's Most Notorious HeistCoinDesk: Mt. GoxCoinDesk: Mt. Gox Creditors to Vote on Draft Rehabilitation PlanCoinDesk: Crypto Exchange Coinsquare Ordered to Hand Thousands of Customers' Records to Canadian Tax AgencyCoinDesk: Crypto Is Not Regulated in Turkey, and It's ThrivingCoinDesk: India May Block IP Addresses of Crypto Exchanges: Report Did you enjoy the show? We would love to hear what you think. Leave us a review on Apple Podcasts or your preferred service and talk to us directly via email at borderless@coindesk.com.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nader Tehrani, founder of NHT Associates, co-author of The Secret to Wealth, Vol II with Brian Tracy, author of the upcoming book 50 Secrets CRA Doesn’t Want You to Know, and published author of numerous contributions to Women’s Millionaire and Canadian Real Estate Wealth magazines, does so much more than deliver impeccable service to his clients. With 30 years of experience, and in dealing with the Canada Revenue Agency (CRA), Tehrani, a Chartered Professional Accountant (CPA, CGA) offers a variety of services to clients including independent business owners and professionals including medical and dental clinics, legal firms, and real estate investors.For more information.. Website: www.NHTtax.comSource: https://businessinnovatorsradio.com/nader-tehrani-founder-of-nht-associates-brilliance-business

This week we chat with Brian Philbin and Wendy Saschenbrecker-Tang from the Canada Revenue Agency (CRA) about their ERM program. We pick up some lessons learned, discuss how they got started, how they are organized, successes to date and some efforts they have underway with the OECD and agencies such as the IRS!

The Canada Revenue Agency (CRA) is trying to use information from Home Depot customers to crack down on the underground economy. The company sent out letters to customers who have a commercial credit card account, notifying them Home Depot would be handing over information like business names, addresses and purchases between 2013 and 2016 to the agency.   Guest: Tim Clarke Tax advisor with QED tax law

What is the deal with AirBnb rentals and short term rentals? First off I’d like to thank everyone for leaving their reviews on itunes results in this show being one of the top investment podcasts in all of iTunes.  If you have any constructive feedback or questions please send them in and not write them in a less than 5 star review. We received a less than stellar review about my lack of understanding of RESP. Admittedly, I don’t understand the nuances of RESP’s nor do I care to but don’t listen to me, my investments for my kids education plan returned only a couple hundred thousand in less than five years. Personally, I’m a problem solver and the problem for a dad with young kids is affording their education is going to be expensive.  A Globe and Mail article forecasted my kids’ education costsing $70,000 each for a four year undergraduate degree for tuition alone. I have two kids so I need to make an extra 70k times two as I have two kids so how do I solve this problem of affording university? In hindsight, investing in real estate has worked out quite well based on the results of equity gains in the hundreds of thousands while my kids are only five and three years old. In asking Certified Financial Planner, Masters of Business Administration holder, investor of 10 properties and upcoming guest of this show Kathleen Van Den Berg, she informs me the nuances of RESP’s maximum grants per lifetime are $7,200 each kid.  Again I don’t understand the nuances, I have shiny thing syndrome bad enough but my problem is saving $70,000 big, not $7,200 in grants. I’m not saying don’t invest in RESP’s, I think for some they make a lot of sense but personally for my kids, I need a lot more savings and flexibility as more and more, I see tremendous quality of education for Sales, Marketing and Business to be better outside of traditional brick and mortar universities. Back we can talk about that another time. Ex CRA to Full Time AirBNB Operator Bryan Kirow While we are talking about my kids’ houses, one of them we have changed strategy from student rental to college kids to a short term rental and what a coincidence I had an in depth learning session, I mean interview of a full time AirBNB operator Bryan Kirow of Northern Host Kirow Management Inc with over 400 overnight stays in his units and counting. As you can tell from the interview, he’s quite bright, upon graduating university he worked for the Canada Revenue Agency (CRA) for our American friends listening, that’s the equivalent to the IRS in the USA. Bryan worked there till life had him move out of town and he decided to make a full time gig of operating short term rentals remotely as some properties are over 300km’s apart, and he’s acquiring more properties.  Currently he owns four properties with seven units but his portfolio is doubling in size in just a few months. His investments have worked out quite well as he’s often doubling or tripling the rental income of a long-term strategy, and at the same time avoiding many of the tenant issues from long-term tenancy.  Bryan even shares the little known renovation to try and double his already tripled annual rents on his property in a vacation town. Doubled his tripled rents. I know that sounds weird but when you listen it will make more sense. Would you like my show notes?  The notes I’m taking during the interview as I know many of you listeners are pre-occupied while commuting or cooking or working out while listening to this so if you are interested, I will include my notes in my weekly email that let’s folks konw the episode is available. Like you, I’m an investor too here to learn and I’m finding typing my own notes is a good practice for learning and my notes can be yours too if you simply go to http://www.truthaboutrealestateinvesting.ca/ and enter your name and email to subscribe.

Episode 227 of the Mic'd Up Free For All. Topics include: -Uncollected taxes: Canada Revenue Agency (CRA) has accumulated over $44 billion in uncollected taxes. How are so many people able to avoid paying their taxes and what can and should be done about this? -Jersey pride: The World Cup brings out the fan in so many people. We take a look at the idea of wearing your team's jersey in public. When is it acceptable to show off our team's colours and when is it best to just keep it to yourself? -Real bad wager: A friendly bet has caused quite a stir after a man had to sport a hideous looking haircut after losing a sure fire bet. Now his wife is pissed off and wants him to get rid of this new hairstyle. Should the man listen to his wife or keep his word and honour the rules of the bet? -Follow the rules: A husband has made a list of rules for his wife as she embarks on a vacation with her friends. We analyze these so called "rules" and determine if this guy is way too controlling. -All this plus so much more! Credit for intro music: Fireworks by Jahzzar From the free music archive CC - BY – SA

Counter Tax Lawyers is a law firm that’s driven to succeed and is doing so in a way that differs from a lot of other firms. They are future-oriented and have even created their own software in order to improve the quality of their services. Peter Aprile and Natalie Worsfold, both leaders at the company, gave their presentation at the 2017 Clio Cloud conference about their unique work processes and what makes them efficient. In this On the Road report, host Sam Glover talks to them about their presentation and the three things lawyers should be doing or thinking about along with tech adoption. These three things include having goals, mapping out processes, and thinking deeply about these processes and how they will impact the future of your company. Peter Aprile is a senior lawyer specializing in tax dispute resolution and litigation and founder of Counter Tax Lawyers. Natalie Worsfold is a tax lawyer at Counter Tax Lawyers. He represents individual taxpayers and owner-managed businesses in disputes with the Canada Revenue Agency (CRA).

Darryl Smith shares how for more than 30 years, the Canada Revenue Agency (CRA) has allowed business owners the ability to pay for their family’s health and their employees’ health using pre-tax corporate dollars. However, many business owners still pay for health care using after tax dollars and losing approximately 35% by doing so. Learn more about the Health Spending Account (HAS) and how to start saving your money in this podcast.

Podcast Episode 14: “Tax Charity Scam.” Fighting with tenants over small amounts of rent or security deposits is almost never worth it. Unhappy tenants can falsely report you to the Canada Revenue Agency (CRA) and trigger audits. Tax schemes that promise deductions much larger than a charitable donation are almost always found to be shams … Continue reading Tax Charity Scam

The Canada Revenue Agency (CRA) recently released a new Guidance on Fundraising document, with the purpose of educating charities on what is considered appropriate, and legal, with regards to fundraising activities. Since the CRA will be auditing charities' fundraising activities based on the regulations set out in this new guidance, it is vital that all Canadian charities have a full understanding of how it affects them.New CRA Guidance on Fundraising

As of May 2009, the Canada Revenue Agency (CRA) replaced the Registered Charity Information Return with a new form, the T3010B. The new form contains far more detailed content, and because of the nature of the questions it is essential that the form is filled out properly. This podcast also discusses the new application for registered charity status which will be in effect as of September 2009.New CRA forms for charities

Compliance agreements are really just agreements made by an organization to comply with the law. How does this affect charities? Typically, compliance agreements occur between charities and the Canada Revenue Agency (CRA), often following an infraction. Find out exactly what a compliance agreement is, when the CRA might issue one, and what happens if a charity violates a compliance agreement. What you need to know about CRA compliance agreements