The Association of Tax & Accounting Professionals, in consultations with the legislative and lobbying arm of CFIB, joined the Coalition for Small Business Tax Fairness to combine strengths against the legislation, as proposed.
News & Updates
On July 18, 2017 the Minister of Finance released a discussion paper - which already includes draft legislation - outlining "proposed" changes to the Income Tax Act that will have a dramatic effect on tax planning for small to medium sized enterprises.
The 2016 Auditor General Report 2 – Income Tax Objections looked at a number of areas to assess whether CRA was efficiently managing income tax objections in non-group objections for personal and corporate tax returns only.
CRA is responsible for making sure that Canadian taxpayers are properly reporting their income and paying the income tax that is expected under the Canadian Income Tax Act.