All items tagged with: tax preparation

RSVP Now: January Advanced Tax Update

Posted: November 27, 2018
Posted in: Strategic Thinking , Personal Tax, corporate tax, t1 tax preparation, tax changes, income splitting, CE summits, Morneau, Fall Economic Statement, tax workshops, advanced personal tax update, T1 tax returns, Climate Action Incentive Payment, Finance Minster, Tax on Split Income rules

It’s time to shake out the cobwebs and get ready for tax season. If you are a tax or financial services professional you won’t want to miss this advanced personal tax update: join us in six cities January 17 – 25, 2019.

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:

Tax Filing Delinquency: 8 Reasons to Catch Up Before Year-End

Posted: October 30, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , tax preparation, CRA, Canada Revenue Agency, Evelyn Jacks, Essential Tax Facts, tax evasion, tax penalties, overdue taxes, tax deliquency, late tax filing, overdue tax returns

It pays to file outstanding tax returns before year end, not only to recover refunds that CRA may still owe you, but also to avoid paying penalties and interest that would be charged for gross negligence or in some cases, tax evasion. But also, when you don’t file on time, you miss out on important tax planning opportunities that may end for you on December 31. Here are 8 important reasons to review your return before year-end.

Tax Relief for Armed Forces: Were Claims Filed Correctly?

Posted: October 09, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , tax preparation, Evelyn Jacks, tax tips, tax advisor, Canadian Armed Forces, tax relief, tax credit, tax deduction, CAF, tax creits for Armed Forces, Canadian Veterans, Canadian military

Members of the Canadian Armed Forces (CAF) received $85 Million in extra tax relief in the 2017 tax year, but some may have missed the opportunity when filing. As part of year-end tax planning communications, professionals working with CAF clients may wish to revisit any recent claims for the deductions available to police and Canadian Forces personnel.

Graduates in the News – Troy Harrison

Posted: October 09, 2018 By : Knowledge Bureau Writers
Posted in: Strategic Thinking , tax preparation, Financial Literacy, distinguished financial advisor, financial education, holistic advice, Graduates in the news, holistic financial planning, designates, Troy Harrison

Troy Harrison of Winnipeg, shares why investing in education as an advisor, isn’t just about career advancement. Education also helps advisors forge trust with clients.  His focus now is to cultivate and nurture his client relationships and inspire other advisors to do the same.

Tax Specialization: Soft Skills are Equally Important

Posted: October 02, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , tax preparation, Financial Planning, knowledge bureau, Evelyn Jacks, tax services specialist, tax advisor, tax efficiency, DFA, holistic advice, holistic financial planning, tax advice

There is a very bright future for the tax preparer who makes a great decision to become the Tax Services Specialist of the future. But, to offer the best advice in that regard, tax specialists must have more than precise technical skills.