All items tagged with: tax reform

2019 Federal Budget: Take a Deeper Dive at the Spring CE Summits

Posted: March 26, 2019
Posted in: Strategic Thinking , tax filing, federal budget, finance minister, tax changes, tax education, tax reform, CE summits, Liberal government, Morneau, tax workshops, Budget 2019, 2019 Federal Budget

With the federal budget release last week, it’s time to consider what these changes mean to you and your clients. CE Summits is offering a deep dive for professionals in four cities, featuring some of Canada’s leading tax and financial experts. The registration deadline is May 15.

Snowbirds: Tax Consequences When Substantial Presence Test Isn’t Met

Posted: November 27, 2018 By : Dean Smith
Posted in: Strategic Thinking , CRA, Canada Revenue Agency, distinguished advisor conference, Cross Border Tax, snowbirds, Dean Smith, IRS, Canadians in the US, living abroad, Cadesky Tax, U.S. tax reform, substantial presence test, U.S. tax return, Interal Revenue Service

Are snowbirds required to file a U.S. tax return? In this week's article, Dr. Dean Smith shares tax requirements for those who don’t meet the substantial presence test.

Economic Consequences When the “Rich” Pay More Tax

Posted: October 02, 2018 By : Beth Graddon
Posted in: Strategic Thinking , Tax, Canadian economy, tax reform, 1%, high networth, CD Howe, government, top tax bracket, high earnings, tax revenue

A new report from the C.D. Howe Institute answers the common question: should the rich pay more tax? While recent tax rate changes brought in $1.2 Billion federally (far less than the $3 Billion anticipated) the data points to several negative impacts, with consequences to all taxpayers, when the rates applied to Canada’s top income earners go up.

Financial Pros Push for Canadian Tax Reform

Posted: October 02, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , Financial Literacy, Evelyn Jacks, income tax, Essential Tax Facts, Investing, tax education, tax reform, tax rates, Morneau, NAFTA, Canada's competitiveness, U.S. tax, 1%, Canada's tax system, minimum annual income, tax policy

It’s almost unanimous among tax and financial advisors who strongly believe that Canada needs tax reform to create a fair, simple and certain tax system for people of all income levels.

Newcomers Need Advice: Can You Explain Our Complex Tax System?

Posted: September 17, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , taxation, knowledge bureau, Evelyn Jacks, tax reform, personal income tax, immigration, canadian newcomers, working abroad, newcomers to canada, immigrants, returning residents, Canadians returning, living aborad, Social Insurance Number, Canada's tax system, tax guidelines

Our nation’s system is complex even to tax-educated Canadians. Imagine how mind-boggling this must be for newcomers (immigrants and refugees) and returning residents to Canada. There’s opportunity for advisors to work with this vast niche market and become a trusted educator and advocate for these families.

U.S. Tax Reforms: More Damaging Than NAFTA Failure?

Posted: September 17, 2018 By : Beth Graddon
Posted in: Strategic Thinking , DAC, distinguished advisor conference, Cross Border Tax, Canadian economy, snowbirds, finance canada, tax reform, Morneau, business tax, Dean Smith, Canada's competitiveness, Canadians abroad, U.S. tax reform, Jack Mintz, capital deductions, U.S. economy, working in the U.S.

Data from a recent PwC study shows that the economic repercussions of Canada’s increasing lack of competitiveness due to U.S. tax reforms, could be ten times greater than the fallout from a NAFTA termination. If you work with business owner clients, expect to be asked about the granular details of the incentives.