The Office of the Auditor General of Canada released their report on their audit of how the Canada Revenue Agency deals with Income Tax Objections. Not surprising anyone in our industry, they found the CRA has not been processing the objections "in a timely manner". More upsetting is that the backlog in appeals is growing and there are billions of dollars in unresolved disputes. Read more..

The Canada Revenue Agency is shifting 549 collection jobs in Ottawa to other tax centres across the country. It is almost certain not all of those employees will make the move from Ottawa. In essence they are latterally supporting their suggested intent to reduce their workforce through attrition.

The new Canada Child Benefit replaces the UCCB, NCB and CCTB, and gears the payment more on family income, benefitting a majority of canadian families Liberals say. Read more at the cbc.ca, or use the Canada Revenue Agency's calculator to determine your benefit.

Click to know more about the new Canada Child Benefit on the Government of Canada ESDC website.

Starting April 24, 2015 the Ontario government reduced the Apprenticeship Training Tax Credit to $5,000 per year from $10,000 per year, and the period of eligibility from four years to three years. The credit is available to businesses that pay Ontario income tax, permanently reside in Ontario, and employ and/or provide training for apprentices in skilled trades.

For more information see the Ontario Ministry of Finance website.

Join the APATC for "Sharing Solutions" in Ottawa, ON on September 18-19 for an informative seminar on practice management, training and technology.

For details, visit the APATC website.

Bank of Canada lowers the overnight interest rate to 1/2 %. For more information visit the Bank of Canada

http://www.bankofcanada.ca/2015/07/fad-press-release-2015-07-15/

Our partner, Roche Financial Group's Taxation and Accounting subsidiary has been designated an "Approved Franchisor" by BeTheBoss.ca. Read BeTheBoss.ca's interview with Roche Financial's founder Ron Roche at the following link:

http://www.betheboss.ca/franchise-interviews-september-2014/Roche-Financial-CEO-Ron-Roche253.cfm

On June 12, 2014, Ontario goes to the polls. All the information regarding voting, candidates, and regulations can be found on the Elections Ontario website. Stay informed and vote, as the results of the election will dictate the course of our province's tax policies.