All items tagged with: tax returns
Posted in: Strategic Thinking , tax preparation, Financial Literacy, CRA, tax credits, knowledge bureau, Evelyn Jacks, Essential Tax Facts, tax filing, fixed income, distinguished financial advisor, tax course, income tax returns, tax deadlines, low income, File My Return, electronic filing, efiling, Netfile
Nearly 90 percent of Canadians filed their tax returns online this year. Despite this, low adoption rates show that some of the CRA’s automated programs are missing the mark - at least so far - and may be failing to improve the rates of taxpayer filing delinquency.
Posted in: Strategic Thinking , tax preparation, Financial Literacy, CRA, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, income tax estimator, Essential Tax Facts, federal budget, tax courses, distinguished financial advisor, CRA service standards, filing tax returns, CRA phone support, Auditor General, Diane Lebouthillier, Minister of National Revenue
Last year, the Canada Revenue Agency received extensive criticism for failing to meet basic service standards. But things have recently improved at the CRA; 74 percent of calls are being answered by an agent or auto assistant, compared to the mere 37 percent in 2015, which prompted this fall’s Auditor General Report. The CRA now intends to ensure things get even better, and responded to the criticisms on June 12, 2018 with a three-point action plan.
Posted in: Strategic Thinking , Financial Literacy, tax credits, knowledge bureau, tax returns, Evelyn Jacks, financial education, tax benefits, social benefits, Canada Child Benefit, online education
The Canada Child Benefit (CCB) will increase this July for families that filed a 2017 tax return. However, the requirement to file a tax return is just one of the reasons why thousands of Canadians can’t access these generous, tax free benefits. The government will soon spend more on awareness; but the tax and financial services community can assist, too.
Posted in: Strategic Thinking , tax preparation, CRA, tax credits, knowledge bureau, Evelyn Jacks, tax course, tax reform, Morneau, income tax filing, personal income tax, online education, 2018 Budget, preparing tax returns
Now that it’s May, a whole new tax season – 2018 - has begun! It’s prime time to “spring into studies” and enhance your career with knowledge and skills in personal tax consultancy. Why? Artificial intelligence and software solutions can’t replace the true value of specialized advice.
Posted in: Strategic Thinking , tax preparation, Financial Literacy, knowledge bureau, Canada Revenue Agency, tax returns, Evelyn Jacks, Essential Tax Facts, tax courses, financial education, tax audits, moving expense claims, marriage and tax, online compus
The April 30 tax filing deadline is fast approaching. If you experienced any major life changes in 2017, make sure these are reflected in your returns, as they could impact the size of your refund or subject you to an audit. Read on to learn what these events are, and how you should handle them – before it’s too late!
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: