All items tagged with: tax credits
Posted in: Strategic Thinking , Debt Management, CRA, capital gains, Financial Advisor, investments, knowledge bureau, Canada Revenue Agency, statistics canada, Evelyn Jacks, tax courses, ce credits, wealth management, tax changes, tax education, finance canada, tax preparer, tax reform, small business tax, CE summits, tax Canada, Distinguished Advisor Workshops, financial courses, Voluntary Disclosures, family tax credits, tax planning courses, tax season, financial conferences, bookkeeper, Toronto, Winnipeg, Calgary, Vancouver
2018 is destined to be a busy season for Canadian tax preparers and financial advisors who will need to be prepared to assist their clients in addressing the many new tax changes. This year’s CE Summits will help you gain a better understanding of the tax changes that have occurred, and those to come for private business owners and their families, and will allow you to hone the technical skills necessary to effectively address them.
Posted in: Strategic Thinking , Debt Management, Financial Literacy, CRA, tax credits, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, RESP, education savings, tax courses, tax deductions, CESG, financial education, post-secondary education, CE summits, Registered Education Savings Plan, Canada Education Savings Grant, education debt, tuition credits, education deductions, student tax credits, Canadian government, adult education, social benefits, financial assistance, cost of post-secondary education, how to afford university, Canada Learning Bond, debt and cash flow management course
The majority of Canadian financial professionals and business leaders say the government is not doing enough to support post-secondary education, according to an online poll conducted by Knowledge Bureau, Canada’s premiere national institute for excellence in financial education. These findings come despite generous, but underutilized, support from the RESP, Canada Education Savings Grants and Canada Learning Bonds.
Posted in: Strategic Thinking , CRA, tax credits, knowledge bureau, Canada Revenue Agency, tax avoidance, income tax act, Evelyn Jacks, tax evasion, taxpayer bill of rights, criminal code, Excise Tax Act, tax deductions, tax education, business expenses, CRA audit, audited by the CRA, audit process, tax laws, Canadian businesses, individual tax returns, income tax returns, income tax audit, tax write-offs, home office deductions, rental properties, tax issues, John Tucciarone, Chartered Professional Accountants of Canada
The Canada Revenue Agency completed nearly 112,000 audits during fiscal 2016-17, according to a government report on recent efforts to crack down on tax cheats. If you or your clients are chosen for an audit, there are a few best practices that can help you through the process.
Posted in: Strategic Thinking , tax credits, self-employed, knowledge bureau, Evelyn Jacks, distinguished advisor conference, tax deductions, employment expenses, tax education, financial education, professional development, financial conference, CE Summit, business conference, business expenses, business write-offs, professional development conference, conference tuition, travel deductions, Tuition Amount tax credit, Walter Harder
Costs incurred to attend a conference may be a deductible business expense. The cost of the tuition for the conference may also be deductible or be eligible for a non-refundable tax credit.
Posted in: Strategic Thinking , seniors, tax credits, knowledge bureau, Canada Pension Plan, Evelyn Jacks, guaranteed income supplement, Canadian economy, pensionable earnings, CPP, tax changes, tax education, tax preparers, retirement benefits, Old Age Security benefits, pension, low-income benefits, tax resources
Upcoming changes to the Canada Pension Plan are intended to boost retirement incomes, but for many the opposite will be true, a recent report from Canada’s Chief Actuary finds.
Posted in: Strategic Thinking , Tax, CRA, tax credits, Canada Revenue Agency, tax shelters, Moving Expenses, voluntary disclosure program, tax error, tax deductions, child care expense claim, capital losses, VDP, errors and omissions, principal residence disposition, business investment losses
Did you know that the CRA’s Voluntary Disclosures Program (VDP) is proposed to change soon, restricting the ability to correct errors and omissions within a 10-year period?