Neighbourhood convenience retailers are happy to be there to deliver the products that Canadians want, when and how they want them. That is to say, convenient, fast, on-demand. That's not always easy at the best of times, but in the past it's been made significantly harder by Canada's tax system. You see, while convenience retailers are working hard to make your shopping experience simple and straightforward, the tax environment they face is anything but.
I'm no friend of the Canada Revenue Agency but it's not for the reason you might think. After all, for fifty years I have faithfully filed an annual income tax return and paid whatever I owed. Although I'm not thrilled about paying taxes, I do so willingly, recognizing that it is my patriotic duty to contribute to the commonwealth.
In March, the Liberal government announced the federal budget for 2017-2018. Although there were relatively few tax measures mentioned on March 22, it's important to know what these changes are and what the implications will be for you and your family in the coming years.
Here's my take: dispensary owners have tirelessly fought for many years for more liberalized cannabis laws. They've even racked up hefty legal bills while pleading their case to the highest court in the land. Ultimately, they've helped pave the way for the mainstreaming of medical marijuana, which has mainly benefitted "Big Business", a.k.a. LPs. So dispensaries also deserve to be accommodated when legalization finally arrives -- but with conditions.
It is outrageous enough that wealthy clients got off with a slight reprimand. KPMG has, so far, paid no price for their role. The committee let Canadians down by not recommending a full investigation into this case and laying charges against KPMG if the evidence warrants it. And Canadians are right to keep demanding one.
The couple belonged to a group that counselled them to avoid taxes.
You sold your house, you survived the move and your boxes are all unpacked -- great job! That can be quite an undertaking, I know. But the work isn't quite done yet. Recently, the government announced important changes that will add an extra step to selling your home -- reporting it.
Criminal investigations are "ongoing," CRA says.
In regards to tax evasion and aggressive tax avoidance, the Canada Revenue Agency (CRA) should be part of the solution. At the moment, it rather seems to be part of the problem. Over the last few years, we have seen that the CRA institutionalized various practices, eroding the trust that Canadians place in it.