Rising Interest Rates on the Horizon: Who Will Feel the Impact?

By : Knowledge Bureau Staff Posted in: Strategic Thinking, Financial Literacy, knowledge bureau, interest rates, Bank of canada, Evelyn Jacks, tax courses, financial education, mortgage rates, mortgage stress test, online education, mortgage renewal
Interest rates are rising and Canadians are already feeling the pinch in paying down their operating lines.  Owing the taxman can add to the burden.  The Bank of Canada’s next interest rate announcement is March 1 and for some, the trend is already uncomfortable. Debt management is key.

Tax Time: Canada’s Income Tax System Is Here to Stay

By: Evelyn Jacks Posted in: Strategic Thinking, Financial Literacy, CRA, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, CPP, tax education, financial education, history of income tax, tax history, online education, War Income Tax, Canada’s income tax, federal tax, middle income
The first tax returns of the year will be processed on February 26 this year.  February 28 is the last day to catch up your filings and preserve appeal rights under the old Voluntary Disclosure rules that allow for full interest relief.  That means tax deniers or procrastinators must step up now.

Auditbusters: Tips and Gratuities

Posted in: Strategic Thinking
Canadians who earn tips and gratuities are required to report this income on their annual income tax returns. This year the tax auditor is once again taking a closer look, and it’s become easier than ever, as audits of credit card and debt payments provide a reliable record of undeclared amounts.  Here’s what you need to know to bust those tax audits:

Leadership Development: Team Culture and the Role of Ethics

By : Knowledge Bureau Staff Posted in: Strategic Thinking, Evelyn Jacks, Small Business, entrepreneur, business development, leadership, Executive Business Builder Program, Joanne Sigurdson, ethical leadership, business culture, hiring staff, diversity in business
Leadership matters.  Your team depends on yours; so do your clients.  A couple of weeks ago, we featured a story on how the components of ethical leadership can be applied to individual leadership styles. It received great traction on the Executive Business Builders Network.  Please chime in this week.

People in the News - Siegfried Merten, MFA Achieves International Recognition

By : Knowledge Bureau Staff Posted in: Strategic Thinking, Financial Literacy, knowledge bureau, German Pension Taxation, tax courses, master financial advisor, tax education, Siegfried Merten, online education, cross-border taxation, German tax, Canadian-German tax, double taxation, retirees, Clearance Certificate, Tax return processing
We salute the outstanding achievements of Siegfried Merten, Master Financial Advisor (MFA), who has been recognized internationally for his work in the avoidance of double taxation for retired Canadians.

Federal Budget 2018: Liberals to Unveil It on February 27, 2018

By : Knowledge Bureau Staff Posted in: Strategic Thinking, Financial Literacy, knowledge bureau, Evelyn Jacks, Small Business, federal budget, tax courses, income splitting, tax education, entrepreneur, Liberal government, Morneau, unfair tax changes, online education, middle class, income tax changes, passive investment income, income tax credits
February promises to go out like a lion with yesterday’s announcement that the 2018 budget will be unveiled on February 27, 2018. It’s interesting timing. Other important milestones: CRA starts processing 2017 tax returns on February 26, the T4/T5 tax slip deadline is on February 28 and the RRSP filing deadline is March 1.