| 2/7/2012 | Some self-employed individuals may receive a compliance letter from the CRA that describes the eligibility criteria of certain expenses that apply to that taxpayer's business activities. |
| 2/7/2012 | Employees of small businesses and self-employed individuals will soon have a new option for tax-effective retirement savings if they don’t already have a company pension plan. |
| 2/7/2012 | The CRA recently released a revised Guide T4068, "Guide for the T5013 Partnership Information Return - 2011". |
| 1/24/2012 | The CRA is imposing harsh penalties on individuals who do not report income from a T-slip on their tax return — even if the omission was inadvertent. |
| 1/17/2012 | The IRS has relaunched a special voluntary disclosure initiative for individuals to disclose offshore entities or accounts. |
| 1/10/2012 | The CRA is planning GST/HST audits in which it will take a similar approach as it will in its upcoming risk-based income tax audits of large corporations. |
| 1/10/2012 | Taxpayers are no longer entitled to recover CPP employer premium overpayments made for employees on temporary leave from employment who receive disability- or parental leave-type payments, due to legislative amendments in federal Bill C-13. |
| 1/3/2012 | Finance has announced that the automobile expense deduction limits and prescribed rates for determining the taxable benefit on auto operating expenses for businesses will increase for 2012. |
| 1/3/2012 | In an internal technical interpretation, the CRA confirms that dividend refunds and refundable tax credits arising in a statute-barred year cannot be re-appropriated for use against other tax debts. |
| 12/20/2011 | Legislation to enact several tax measures announced in the 2011 federal budget, tabled as Bill C-13, received Royal Assent on December 15, 2011, making it enacted for U.S. GAAP purposes. |
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