Stories from the Field: CRA Service Standards Make Progress

By : Knowledge Bureau Staff Posted in: Strategic Thinking, Financial Literacy, knowledge bureau, Evelyn Jacks, income tax, tax courses, financial advisors, tax advisors, financial education, tax preparers, tax benefits, CRA audits, online education, Parliamentary Budget Officer, child tax benefits, claiming eligible dependents, CRA service standaards, tax claims after separation, tax claims after divorce, CRA customer support File My Return
Have the CRA’s service standards improved? Reports from tax professionals and their clients show progress this tax season. However, in light of increased audit activity, diligence and thorough documentation remain necessary - as this story from the field demonstrates – or you risk major financial consequences.

Ontario Budget Speech Today

By: Evelyn Jacks By : Posted in: Strategic Thinking, Financial Literacy, knowledge bureau, Evelyn Jacks, Ontario budget, child care, tax reporting online education, passsive income, election campaign
Stay tuned to Knowledge Bureau Report next week as we decipher the controversial Ontario Provincial Budget.  A pre-election budget, it has already been pre-empted with a series of goodies and promises:

Spring Growth: Learn How to Prepare Accurate, Audit-Proof Tax Returns

Posted in: Strategic Thinking, tax preparation, Financial Literacy, tax credits, knowledge bureau, tax returns, tax education, financial education, tax software, tax preparer, online courses, tax refunds, online education, online campus, tax adivsor, Evelyn Jacks Essential Tax Facts
Are you comfortable with your level of tax knowledge? If not, you’re not alone; most Canadians admit that they don’t know enough, but still prepare their own taxes. Educate yourself this tax season to receive a larger refund, and arm yourself against time-consuming, expensive audits.

Dr. Michael Graham: On Budget 2018 and Cross Border Taxation

By : Knowledge Bureau Staff Posted in: Strategic Thinking, Distinguished Mastery, Financial Literacy, knowledge bureau, Evelyn Jacks, federal budget, tax courses, Canadian economy, tax education, financial education, Dr. Michael Graham, CE summits, Liberal government, Morneau, financial workshops, online education, cross-border taxation, US tax, budget 2018, online campus, US President, Trump, trade, tariff, NAFTA, Michael Graham Investment services
What did Budget 2018 cover that tax and financial advisors need to know now? What did it fail to address? Dr. Michael Graham weighs in on what we might anticipate in cross-border trade, U.S. tax reforms, the implications of Budget 2018 on small businesses in Canada.

Good News for Veterans: Veterans’ Education and Training Benefit

By : Knowledge Bureau Staff Posted in: Strategic Thinking, tax preparation, Financial Literacy, Financial Advisor, tax credits, knowledge bureau, income tax act, Evelyn Jacks, tax courses, tax advisor, Canadian Armed Forces, financial education, online education, online campus, Veterans Benefit, tax credit, Reserve Force, Canadian army, Veterans Education and Training Benefit, Caregiver Recognition Benefit, Caregiver Relief Benefit
It’s always nice to share good news on the first week of spring: an important new benefit for veterans takes effect on April 1, 2018.  First announced in the 2017 federal budget, the new Veterans’ Education and Training Benefit is part of the $133.9 million earmarked over six years to help veterans achieve post-military employment and position them to be more competitive in the workforce. But is it taxable?

It’s True, Some Education Credits Have Disappeared

By: Evelyn Jacks Posted in: Strategic Thinking, tax preparation, Financial Literacy, Financial Advisor, tax credits, knowledge bureau, tax returns, Evelyn Jacks, tax tips, tax filing, tax courses, tax advisor, tax education, online education, tax audits, online campus, education credits, education tax claims, tuition fee credit, provincial tax credits, federal tax credits, education amounts, tuition amounts
If you are a post-secondary student, or a supporting parent or spouse of one, and are looking for the monthly education amount on the 2017 federal tax return, you may be a bit confused; it’s gone, but not out completely.