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All items tagged with: tax returns

Found Money: How Filing an Accurate T1 Pays Off

Posted: April 06, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , tax preparation, Tax Planning, Financial Literacy, Financial Planning, CRA, knowledge bureau, Canada Revenue Agency, tax returns, Evelyn Jacks, tax filing, tax audit, tax courses, tax advisor, tax education, T4, online education, tax receipts, proof of income, Personal Net Worth statement, T1 tax returns

For many Canadians filing a tax return is the most important financial transaction of the year. Getting the best tax refund is important: not only will it put more of the money you previously earned back in your own pocket, your refund can make at least some of your cash flow and retirement worries go away. Here’s how:

Tax Tip: What You Need to File an Audit-Proof Return

Posted: April 06, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , tax preparation, Tax Planning, Financial Literacy, Financial Planning, CRA, knowledge bureau, Canada Revenue Agency, tax returns, Evelyn Jacks, tax filing, tax audit, tax courses, tax advisor, tax education, T4, online education, tax receipts, proof of income, Personal Net Worth statement, T1 tax returns

The clock is ticking! Do you have everything you need to file your taxes before the April 30 deadline? Rushing through the tax preparation process can cause you to miss important steps, putting you at risk of an audit. This is your guide to the basics, and Knowledge Bureau’s Tax Documentation Checklist will take you the rest of the way in preparing an audit-proof return. Be sure to contact us for your copy, or click on the link provided!

Spring Growth: Learn How to Prepare Accurate, Audit-Proof Tax Returns

Posted: March 27, 2018
Posted in: Strategic Thinking , tax preparation, Financial Literacy, tax credits, knowledge bureau, tax returns, tax education, financial education, tax software, tax preparer, online courses, tax refunds, online education, online campus, tax adivsor, Evelyn Jacks Essential Tax Facts

Are you comfortable with your level of tax knowledge? If not, you’re not alone; most Canadians admit that they don’t know enough, but still prepare their own taxes. Educate yourself this tax season to receive a larger refund, and arm yourself against time-consuming, expensive audits.

It’s True, Some Education Credits Have Disappeared

Posted: March 19, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , tax preparation, Financial Literacy, Financial Advisor, tax credits, knowledge bureau, tax returns, Evelyn Jacks, tax tips, tax filing, tax courses, tax advisor, tax education, online education, tax audits, online campus, education credits, education tax claims, tuition fee credit, provincial tax credits, federal tax credits, education amounts, tuition amounts

If you are a post-secondary student, or a supporting parent or spouse of one, and are looking for the monthly education amount on the 2017 federal tax return, you may be a bit confused; it’s gone, but not out completely.

Poll Results: Delays in Refund Processing has a Negative Impact

Posted: March 13, 2018
Posted in: Strategic Thinking , Financial Literacy, CRA, Financial Advisor, knowledge bureau, Canada Revenue Agency, tax returns, Evelyn Jacks, tax filing, Alan Rowell, tax courses, efile, tax preparer, tax refunds, online education, The Accounting Place

CRA started processing refunds later than in the past this year, on February 26.  We asked Knowledge Bureau Report readers what they thought of that, given that refunds would now be delayed into March.  The good news is that the CRA does seem to be abiding by the ten-business-day turnaround promised.

Tax Season 2018: Refunds Won’t Flow Before End of February

Posted: February 12, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , tax preparation, Financial Literacy, knowledge bureau, tax returns, Evelyn Jacks, tax filing, tax courses, tax deductions, tax education, financial education, tax refunds

Filing a tax return is the first, and often most important, financial transaction of the year for millions of Canadians. What’s different in 2018? For starters, the government is hanging on to early filers’ refunds longer than ever. With last year’s average tax refund clocking in at just over $1,735, that’s a big deposit that cash-strapped Canadians don’t have for their RRSP or TFSA deposit.