All items in: Breaking News

Financing Education: Tax relief for expensive university textbooks ends

Posted: May 16, 2017 VIA: Knowledge Bureau
Posted in: Breaking News
Students and their parents will be looking for new ways to fund post-secondary education this year, as tax relief has been significantly curtailed with the removal of the monthly education and textbook amounts.

New tax reporting rules for farmers and fishers

Posted: May 16, 2017 VIA: Knowledge Bureau
Posted in: Breaking News
On May 5, the Finance Department issued a Notice of Ways and Means Motion to change income reporting rules specifically for farmers and fishers who sell to agricultural and fisheries cooperatives, in response to restrictions in the March 2016 budget that impact the claiming of the small business deduction.

2017 Provincial Budget Roundup: Part 3

Posted: May 16, 2017 By: Walter Harder
Posted in: Breaking News
In case you missed it during tax season, several provinces announced tax changes to their regimes. In this third and final installment of the Provincial Budget Roundup series, we will present a brief summary of the tax provisions from Quebec, the Maritimes and the Territories:

Use your tax refund for your TFSA

Posted: May 16, 2017 By: Evelyn Jacks By :
Posted in: Breaking News
What are you doing with your tax refund this year? If it hasn’t yet been spent, one of the most tax-efficient things you can do is to invest it in your TFSA. It’s a short-term plan with a long-term vision: this investment will help to guarantee your tax-efficient retirement.

Natural disaster relief available for tax filers

Posted: May 16, 2017
Posted in: Breaking News
CRA is providing relief for taxpayers across the country, and particularly in Quebec and Ontario, whose tax filings were interrupted by severe flooding over the past few weeks. 

Life Purpose

Posted: May 16, 2017
Posted in: Breaking News
“Do not value money for any more nor any less than its worth; it is a good servant but a bad master.” - Alexander Dumas