CANADIANS LINKED TO THE PANAMA PAPERS

Below is the complete list of Canadian officers of entities associated with the Panama Papers. If your name is in the list below, it means that you have been linked to the Panama Papers. If you are affected, call Barrett Tax Law at 1-866-278-8424 or visit www.barretttaxlaw.com immediately for legal protection and a free consultation […]
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Watch out tax shelter participants: The CRA may be able to collect 50% of disputed amounts before the courts rule!

Many taxpayers have participated in tax shelters and donation schemes and have filed objections with respect to reassessments issued by the Canada Revenue Agency. Many of these objections are outstanding, and some are already before the courts. Generally when you file a Notice of Objection, the CRA is prevented from initiating legal or collections action […]
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Trouble Ahead for Taxpayers Involved in the GLGI Program

The Tax Court has concluded that the donation program known as Global Learning Gift Initiative (or “GLGI”) is in fact a “sham”. The GLGI website states that this program works as a “gifting arrangement tax shelter where Canadians are able to utilize available tax incentives by donating courseware licenses and cash to Canadian registered charities”. […]
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Eligible Dependant Tax Credit Requirements

If you’re a parent interested in the eligible dependant tax credit, then being aware of the rules and regulations is crucial. The reason why is quite simple. There are a number of rules involved in the eligible depend tax credit which could prevent you from eligibility. It’s also important to note that the dependant does […]
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CRA Scams Continue Nationwide

Canadians beware: The RCMP has issued yet another warning about Canada’s ongoing tax scams. It has come to light that there are people impersonating Canada Revenue Agency employees in an attempt to steal your hard earned money. According to Global News Edmonton, “in the months of July and August alone, there have been 17 reports […]
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Government Toughens Up on Snowbirds

If you’re a Canadian who moves to a warmer country in the winter then beware of Canada’s new border exit-tracking system. CTV News reports that the federal government plans on cracking down on snowbirds that leave Canada for too long but still collect social benefits – benefits the Canadian government believes snowbirds aren’t entitled to. […]
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Thinking of Purchasing a Franchise? Buyer Beware!!

If you are thinking of purchasing a franchise, it is imperative that you be protected and that you fully understand your rights and obligations prior to getting started.  Although there are many perks to entering into a franchise, there are also heavy restrictions and hidden pitfalls.    Before purchasing a franchise, it is important to […]
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