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All items tagged with: income tax filing

Tax Filing Basics: Claiming Medical Marijuana After Legalization

Posted: February 19, 2019
Posted in: Strategic Thinking , Medical expenses, deductible medical expenses, tax deductions, marijuana legalization, income tax filing, Income Tax Filing Fundamentals, medical marijuana, medical credits

With the 2018 legalization of marijuana in Canada, more taxpayers may wish to claim their purchase as a medical expense. That may be possible, but there are rules to follow to pass a CRA audit test. 

Big News: Simplified Method Prescribed Rates for 2018 Finally Released

Posted: February 12, 2019 By: Walter Harder
Posted in: Strategic Thinking , tax credits, Medical expenses, Moving Expenses, claiming expenses, tax deductions, income tax filing, personal income tax, travel expenses, meal expenses, deducting expenses

On February 12, the simplified method rates for calculating deductible auto and meal expenses for various important provisions on the 2018 tax return were finally released by the CRA. It’s an important missing piece for tax professionals and taxpayers alike, that in prior years was generally released in January.

CE Summit Delegates in the News: Ruth Horst

Posted: January 08, 2019
Posted in: 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

Ruth Horst from Hamilton, Ontario specializes in personal income tax filing and, as the early-bird registration deadline for this year’s CE Summit personal income tax update draws near, she shares how these workshops have provided important benefits to her role.

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

Posted: November 06, 2018 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:

Summertime Moves: 7 Tax-Efficient Tips

Posted: July 03, 2018 By: Evelyn Jacks By :
Posted in: Strategic Thinking , Financial Literacy, tax credits, self-employed, knowledge bureau, Evelyn Jacks, income tax estimator, tax calculator, Moving Expenses, tax education, income tax preparation, moving credits, moving claims, tax-efficiency, job relocation, storage costs, Income Tax Filing Fundamentals

Summertime moves make sense for many families, as they can ensure the kids are well established to start in their new schools by fall. The moving process can be hectic, but it also creates lucrative tax deductions – so keep your receipts and documentation to take advantage. Here are seven moving-related tax tips for expense claims that every Canadian needs to know!

Sneak Peek! Start Your Career Filing Personal Tax Returns

Posted: May 15, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , tax preparation, CRA, tax credits, knowledge bureau, Evelyn Jacks, tax course, tax reform, Morneau, income tax filing, personal income tax, online education, 2018 Budget, preparing tax returns

Now that it’s May, a whole new tax season – 2018 - has begun! It’s prime time to “spring into studies” and enhance your career with knowledge and skills in personal tax consultancy.  Why?  Artificial intelligence and software solutions can’t replace the true value of specialized advice.