All items tagged with: tax credits
Posted in: Strategic Thinking, Current Issue , tax preparation, Financial Literacy, tax credits, knowledge bureau, Evelyn Jacks, tax courses, tax advisors, tax education, financial education, small business tax, online courses, online campus, Manitoba budget, tax cuts, child care development credit, primary caregivertax credit, Manitoba taxes
In introducing a new carbon tax on September 1, 2018, the Manitoba provincial government is planning to return at least some of it back to taxpayers by way of personal and business tax cuts, while it grapples with debt servicing costs that have exceeded a billion dollars for the first time.
Posted in: Strategic Thinking , tax preparation, Financial Literacy, CRA, tax credits, investments, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, rrsp, tax filing, tax courses, taxpayer, financial courses, federal income tax, online education, contribution deadline, RRSP deduction, net income, income tax estimator calculator
March 1, 2018 is an important date for savvy taxpayers: don’t miss topping up your RRSP contribution by this deadline. It’s a great investment for your retirement, of course, but it’s so much more powerful: there are, in fact, three additional tax secrets most people don’t know about that can help you improve your finances.
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Evelyn Jacks, Small Business, federal budget, tax courses, income splitting, tax education, entrepreneur, Liberal government, Morneau, unfair tax changes, online education, middle class, income tax changes, passive investment income, income tax credits
February promises to go out like a lion with yesterday’s announcement that the 2018 budget will be unveiled on February 27, 2018. It’s interesting timing. Other important milestones: CRA starts processing 2017 tax returns on February 26, the T4/T5 tax slip deadline is on February 28 and the RRSP filing deadline is March 1.
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Evelyn Jacks, tax courses, tax deductions, financial education, online education, Canada Caregiver Credit, CCC, tax credits for infirm and disabled, Canadian disability credits, spousal amounts, tax credits for dependants, eligible dependant, common-law tax credits
The Canada Caregiver Credit, or CCC, is by far the most complicated provision on the 2017 tax return. In this last article of our series, we’ll give you some true-to-life examples of how to claim it for your loved ones who may be suffering an infirmity.
Posted in: Strategic Thinking , Financial Literacy, CRA, dividends, capital gains, tax credits, knowledge bureau, Canada Revenue Agency, RRSPs, income tax act, Evelyn Jacks, corporate tax, old age security, tax courses, interest income, tax education, financial education, online courses, online education, Knowledge Journal, Aboriginal people, tax deductions for aboriginals, Indian Status, tax exemptions, Guaranteed Income Supplements, support payments, trust tax
Canada has 1,673,785 aboriginal people, representing 4.9 percent of the population. According to our census, this population has grown 42.5 percent in the period 2006-16 and the average age of the aboriginal people, at 32.1 years, is close to a decade younger than the rest of Canada. There are unique tax filing concerns for these Canadians, requiring specialized knowledge.
Posted in: Strategic Thinking , tax credits, knowledge bureau, Evelyn Jacks, tax courses, tax changes, income splitting, financial education, tax reform, tax proposals, business owners, Morneau, online courses, small business taxation, online education, 2017, 2017 recap, 2017 news stories, family tax deductions, Parliamentary Budget Officer, cottage, principle residence, reporting property sale
It’s a sign of the times: Knowledge Bureau Report readers were most interested in recent tax news, based on our top five posts revisited here. The proposals to change the tax system for private corporations are of most concern; small wonder, too. Not yet law, Tax on Split Income (TOSI) rules begin January 1, 2018. Principle residence reporting changes are important too. Here’s what mattered most to our readers in 2017: