Strategic Thinking, Personal Tax, CRA, Federal Government, Canada Pension Plan, CPP, finance canada, business tax, Canada Workers benefit, carbon tax, 2019 tax changes, 2019 economic forecast, tax facts 2019
Happy 2019! Welcome back to Knowledge Bureau Report and to what’s sure to be a fascinating year for interpreting tax and financial news, based on recent stock market volatility and significant tax change. It’s an election year, too, so broadly misunderstood tax reforms recently introduced will likely re-emerge for debate. What lies ahead for 2019? Here are just some of the facts Canadians should know.
Strategic Thinking, tax credits, Evelyn Jacks, motor vehicle expenses, tax deductions, business write-offs, tax write-offs, auto expenses, auto expense deduction rates, expense deductions
Did you check your odometer reading at the start of the year? Finance Canada confirmed its 2019 auto expense rates on December 27, but they don’t quite measure up to cover the carbon taxes that increase the cost of driving, including the increased gas prices as of January 1. Those who use passenger vehicles for business will be disappointed that their write-offs haven’t changed at all, unless a new vehicle was purchased after November 20, 2018.
Strategic Thinking, Federal Government, poll results, charitable donations, CE summits, tax proposals, budget 2018, Fall Economic Update, donations credit, journalism donations, non-profit journalism
One controversial change o in the the November 21, 2018 economic statement was the proposal to provide taxpayers with a charitable donation credit for monetary gifts to non-profit journalism organizations. We asked tax and financial professionals their opinion on this hot topic: 78% of those who responded to Knowledge Bureau Report’s December poll voted to oppose this measure, hands down, even at a giving time of year.
Breaking News, Finance Canada News, Strategic Thinking, CE summits, tax workshops, income tax filing, advanced personal tax update, Delegates, Delegates in the News, Liberty Tax, Ruth Horst
Strategic Thinking, Real Wealth Management, small business, succession planning, Evelyn Jacks, family business, leadership, family wealth, Jenifer Bartman, Defusing the Family Business Time Bomb, business book, tax book
Strategic Thinking, Strategic Philanthropy, tax credits, charitable giving, tax receipts, donations, MFA- Philanthropy, Donor-Advised Funds, DAFs, Nicola Elkins, MFA - P
The desire to make a difference is gaining momentum with people of all ages, as individuals see their personal wealth not only as a means to live well, but also as a way to contribute have social impact or create a meaningful legacy. Advisors need to be able to help philanthropic-minded clients convert their wealth into some form of social capital. One option: Donor-Advised funds (DAFs).