Watch! Life in the Tax Lane - February 2024

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Topics:

• UHT – Assessment Statistics

• Clearance Certificate Obtained after Distribution

• CPP Survivor – Common-Law Partner

• Employee vs. Independent Contractor – Control by Owner-Manager

• Short-Term Rental – Denial of Expenses – Source 1 and Source 2

• FHSA – Income Splitting – Source 1 and Source 2

Program Recorded: January 22, 2024.

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2024, All Rights Reserved.

Watch! Life in the Tax Lane - January 2024

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Topics:

• Pre-Budget Consultations

• Canada Dental Care Plan

• Electronic Distribution – T-slips

• Cryptocurrency and NFTs

• Working From Home Expenses – Employees

• Expanded Trust Reporting – CRA Guidance

Program Recorded: December 20, 2023.

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2023, All Rights Reserved.

Watch! Life in the Tax Lane - December 2023

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Sources:

• Fall Economic Statement – Short-Term Rentals and Employee Ownership Trusts 

• Fall Economic Statement – Underused Housing Tax (UHT) – Source 1 and Source 2

• Various Trust Filing Issues – Source 1, Source 2 and Source 3

• Various Trust Filing Issues – Late Breaking Release

• Personal Indexation Amounts for 2024

• Canada Pension Plan

• T4/T4A Filing Requirements – Dental Benefits

• Overlooked Capital Losses

Program Recorded: November 24, 2023.

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2023, All Rights Reserved.

Watch! CRA review trends and reportable transactions update with Ken Sedgewick

Which recent month was the busiest for CRA review activity?

Curious about the most common types of CRA review letters trending across Canada for individual and small to medium-sized businesses?

Learn the answer to these and more in this 12-minute interview with Caitlin Butler and Ken Sedgwick, Business Development Manager at Audit Shield.

Stay tuned as they also discuss updates to the reportable transaction rules, specifically those related to tax return insurance.

Sources:

• https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/mandatory-disclosure-rules-overview/guidance-document.html

Recorded November 10, 2023

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2023, All Rights Reserved.

Watch! Explore pre-inheritance gifting with the Canadian group leader of Dentons' Trust, Estates and Wealth Preservation practice, Doris Bonora TEP, KC

Join the Canadian group leader of Dentons' Trust, Estates and Wealth Preservation practice, Doris Bonora TEP, KC, and Joseph Devaney CPA CA, as they discuss the planning opportunities and possible pitfalls of pre-inheritance gifting.

This riveting discussion touches on topics such as loans vs gifts, the importance of a Deed of Gift, joint accounts with children, bare trusts and more.

Recorded September 18, 2023

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2023, All Rights Reserved.