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All items tagged with: tax credits

Last Chance to Enroll: Advanced Tax Update Workshops Features Canada’s Top Tax Experts

Posted: January 15, 2019
Posted in: Strategic Thinking, Current Issue , tax preparation, tax credits, tax courses, ce credits, tax workshop, electronic tax filing, CE summits, personal income tax, advanced personal tax update, Income Tax Courses, 2019 tax

Shake out the cobwebs and sharpen your tax knowledge with Canada’s most popular advanced tax update featuring a detailed line-by-line approach to the new 2018 forms and schedules from the CRA. The national tour featuring keynote speaker Evelyn Jacks and an outstanding faculty of experienced instructors starts Thursday January 17 in Winnipeg; then arrives Monday the 21 in Toronto ; Ottawa on the 22, Calgary on the 23, Edmonton on the 24 and Vancouver on the 25th.  Don’t miss out - there are only a few spots left so call or enroll online today.

What Else Is New in 2019? Auto Expense Deduction Changes

Posted: January 08, 2019 By: Evelyn Jacks
Posted in: 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.

Giving Back in 2019? Consider Donor-Advised Funds

Posted: January 08, 2019
Posted in: 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).

In-Kind Donations: 94% of Canadians Make Them

Posted: December 19, 2018
Posted in: Strategic Thinking , Strategic Philanthropy, tax credits, charitable giving, charitable donations, registered charities, donation tax credit, charitable donations credit, in-kind donations, non-monetary donations, advantages

There are tax advantages that encourage giving back to the less fortunate this holiday season – it’s a tax gift that keeps on giving. But giving has taken on an interesting trend: not all donations made by charity-minded Canadians are monetary. In fact, Statistics Canada reports that 94% make in-kind donations each year, which includes items like clothing, toys, household goods, or food.

Do Government Transfer Programs Really Help?

Posted: December 11, 2018 By : Beth Graddon
Posted in: Strategic Thinking , seniors, tax credits, statistics canada, income disparities, low income, social assistance, government transfer programs, assistance programs

New data from Statistics Canada shows that government transfer programs have a positive impact on getting Canadians out of low-income status. But for some demographics, these positive effects have declined over time. It’s a timely topic, as the holiday season reminds us that the most vulnerable demographics, which includes women and seniors, may not have the resources to enjoy the holidays or share with their families.

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: