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All items tagged with: business tax

Do No Harm: Advisors Need to Know Corporate Tax Planning for 2019

Posted: January 15, 2019
Posted in: Strategic Thinking, Current Issue , tax preparation, Small Business, tax filing, tax forms, entrepreneur, business tax, passive investment income, TOSI, Tax on Split Income, tax education for business owners

A newly updated certificate tax course focused on the dramatic changes to tax planning for corporate owner-managers is launching today. It’s so important that its updater, Dr. Dean Smith of Cadesky Tax says that advisors who do not understand these rules may very well cause harm to their clients. Here’s why:

Uncertainty Lies Ahead in 2019: Tax, Benefit and Economic Changes

Posted: January 08, 2019 By : Evelyn Jacks & Beth Graddon
Posted in: 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.

Ranking Canada’s Tax System: Compliance Burden Not So Bad?

Posted: December 19, 2018 By : Beth Graddon
Posted in: Strategic Thinking , CRA, Canada Revenue Agency, income tax, Taxpayers' Ombudsman, tax calculators, business taxation, CRA service standards, Income Tax Courses, taxes, Canadian tax

It takes 131 hours per year for the average small business to comply with CRA demands, but that’s actually not that bad, comparatively speaking, according to some recent reporting.

U.S. Tax Reforms: More Damaging Than NAFTA Failure?

Posted: September 17, 2018 By : Beth Graddon
Posted in: Strategic Thinking , DAC, distinguished advisor conference, Cross Border Tax, Canadian economy, snowbirds, finance canada, tax reform, Morneau, business tax, Dean Smith, Canada's competitiveness, Canadians abroad, U.S. tax reform, Jack Mintz, capital deductions, U.S. economy, working in the U.S.

Data from a recent PwC study shows that the economic repercussions of Canada’s increasing lack of competitiveness due to U.S. tax reforms, could be ten times greater than the fallout from a NAFTA termination. If you work with business owner clients, expect to be asked about the granular details of the incentives.

Tax Enforcement: Are Subjective Views Helpful?

Posted: August 27, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , CRA, capital gains, knowledge bureau, taxing the rich, Evelyn Jacks, income tax, Canadian economy, tax literacy, tax education, CE summits, CRA audits, CRA workers, 1%, top personal income tax rate, corporate tax rates, capital gains taxes, fair taxation, equal taxation, Business Tax Services Specialist

The results of a mid-month survey of CRA tax auditors by the Professional Institute of the Public Service of Canada (PIPSC) highlight the challenges of keeping Canada’s tax system fair for all. One of them is the easy headlines that pit one group of taxpayers – generally the “wealthy” - against another. But a deeper read of the survey uncovers relevant and possibly more purposeful insights.

DAC 2018: Dr. Jack Mintz to Address Canada’s Competitiveness

Posted: June 12, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , DAC, knowledge bureau, Evelyn Jacks, Small Business, distinguished advisor conference, wealth management, cross border taxation, CE summits, business taxation, NAFTA, Dr. Jack Mointz, Canada's competitiveness, cross border trade, global portfolio management, working abroad

After decades of calm, the issue of competitiveness is front and centre for Canada. To address the best interests of your clients, your deeper knowledge about the emerging North American tax and trade reforms will serve you well, and there is no better person to help you interpret the changes than DAC Keynote speaker, celebrated tax expert and economist Dr. Jack Mintz.