Missed Prior Returns: 8 Reasons to File Before Year-End

By: Evelyn Jacks Posted in: Strategic Thinking, tax preparation, tax credits, Evelyn Jacks, tax deductions, tax benefits, CRA penalties, income tax filing, tax deliquency, missed returns, filing late taxes
Did you forget to file a tax return in a previous year? It can pay handsomely to catch up before year-end. Not only can you recover tax refunds CRA may still owe you (that’s the main reason for most), but here are 8 additional reasons to file those missed returns before year-end:

Hot News: DAC 2019 Returns to Puerto Vallarta, Mexico

Posted in: Strategic Thinking, DAC, distinguished advisor conference, Puerto Vallarta, financial conference, DAC 2018, conference destinations, DAC 2019
Knowledge Bureau is excited to announce that 2019’s Distinguished Advisor Conference (DAC) will take place in beautiful Puerto Vallarta, Mexico, November 10-13. Early bird registration is now open with an important opportunity: a $300 hotel credit for registrations received by November 15.

Grads in the News: Frank Arnold, DFA-Tax Services Specialist, MFA

Posted in: Strategic Thinking, master financial advisor, distinguished financial advisor, grads in the news, designates, Gradudate, Graduates, Delegates, Frank Arnold, Planning with Trusts
Frank Arnold of Woodville, Ontario completed Knowledge Bureau’s Use of Trusts in Tax and Estate Planning course while pursuing his Master Financial Advisor - Retirement and Succession Services Specialist credentials. He explained why lifelong learning is essential in the tax and financial services: “I feel that learning never really ends. Rules and legislative changes are created constantly, therefore, giving up on learning means giving up on valuable expertise.”

Canada’s Future Lies in the North

Posted in: Strategic Thinking, distinguished advisor conference, diversity, inclusion, DAC speakers, DAC speaker feature, Senator Patricia Bovey, aboriginal, Canada's North
Almost 40 per cent of Canada is north of the 60th parallel. But how many Canadians in the South truly understand northern issues, or the riches of the North, its unique, fragile ecology and centuries of Inuit, Dene and northern First Nations traditions? Senator Patricia Bovey will be providing important economic and social insights as the closing keynote speaker at the Distinguished Advisor Conference next week.

Gender Equality and Tax Rules Outlined Ahead of Fall Economic Statement

By : Walter Harder & Beth Graddon Posted in: Strategic Thinking, CRA, Canada Revenue Agency, gender equality, Canadian economy, finance canada, tax news, Morneau, Fall Economic Statement, budget 2018, Canada Workers benefit, Employment Insurance Parental Sharing Benefit, Climate Action Incentive Payment, carbon tax
Finance Canada will release its Fall Economic Statement on November 21, about a month later than it was last year. In the meantime, it released two important documents on October 25 and 29: A Notice of Ways and Means Motion and Bill C-86: the second Budget Implementation Act which together enable remaining initiatives outlined in the February 27, 2018 Federal Budget.

Tax Filing Delinquency: 8 Reasons to Catch Up Before Year-End

By: Evelyn Jacks Posted in: Strategic Thinking, tax preparation, CRA, Canada Revenue Agency, Evelyn Jacks, Essential Tax Facts, tax evasion, tax penalties, overdue taxes, tax deliquency, late tax filing, overdue tax returns
It pays to file outstanding tax returns before year end, not only to recover refunds that CRA may still owe you, but also to avoid paying penalties and interest that would be charged for gross negligence or in some cases, tax evasion. But also, when you don’t file on time, you miss out on important tax planning opportunities that may end for you on December 31. Here are 8 important reasons to review your return before year-end.