Minimize risk for tax preparers

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Agenda
All Rates
Prescribed Interest rates
What CRA is doing to fight the underground economy
Repeat Offenders ITA S. 163(1)
False statements or omission ITA S. 163(2)

amounts to gross negligence

Gross negligence 50% of tax - ITA 163(2)
Gross negligence 25% of net tax ETA S. 285

Third party Civil Penalties
ITA S. 163.2 Misrepresentation

culpable conduct means conduct, whether an act or a failure to act, that

(a) is tantamount to intentional conduct;

(b) shows an indifference as to whether this Act is complied with; or

(c) shows a wilful, reckless or wanton disregard of the law

ETA S. 285.1
Third party civil penalties-preparer/planner
Knowingly misrepresenting, willful blindness...
SCC - Top Tax Court upholds third party penalties
Individuals
Interest and penalties
Instalments
Excess contributions to an RSP
Tax payable on excess TFSA amount
Charities & RCAAAs
Penalties & suspensions
NPO's
NPO risk project
Corporations
Payments
Avoiding Penalties
Understanding interest
GST/HST
Penalties & interest
Payroll
Penalties, interest, and other consequences
Electronic Suppression of Sales - Zappers
Sales Zappers
Proposed federal legislation - September 2013

Note we're talking about both:

Civil penalties ITA S. 163.3, ETA S. 285.01

Criminal penalties ITA S. 239.1, ETA S. 327.1

Hmmm... civil and criminal penalties added together plus provincial legislation, amounts could be tripled ???

R. v. Au 2011 BCSC 75 (CANLII)
InfoSpec Systems Inc. 2013 BCAA 333 (CANLII)
Civil penalties ITA S. 163.3
Criminal penalties ITA S 239.1
Civil penalties ETA S. 285.01
Criminal penalties ETA S. 327.1
Voluntary Disclosure
The program
Taxpayer Relief - Fairness Provisions
Taxpayer Relief
CRA Fairness links
IC-07 Fairness
RC4288 Request for Taxpayer Relief
RC376 Taxpayer Relief Request Form
TaxTips.ca TaxPayer Relief Explained
Checklists
Pay Attention to CRA Media Releases
RC4018 Efilers - preparers responsibilities
FINTRAC checklist

Personal Tax Checklist
Tax Preparers Minimizing Risk Checklist
WorkBook
Communicating with CRA

Free one hour YouTube video


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