$444 million commitment will improve detection, auditing and prosecution of tax cheaters.
Lebouthillier’s letter says Canada will work with the OECD to help develop policies that target tax evaders.
Reassessments relate to the 2010 and 2011 tax years following the company’s conversion to a corporation from an income trust.
Others say they don’t have the savings to take advantage of the higher limit, according to CIBC poll.
Canadians now have until May 5 to file their income tax return and pay any amounts owed for 2014.
Their challenge will be winning over a business community reluctant to ramp up their own protection.
Application allows business owners to create reminders and alerts for payments, returns and remittances.
Oil and gas company faces a potential bill of $25M.
Penalties will increase dramatically Jan. 1.
A Canadian Federation of Independent Business survey says there’s been an increasing number of audits for companies with more employees.
If you’re contemplating a trust, there are a number of factors to keep in mind to ensure it achieves your objectives while meeting the CRA’s expectations.