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All items tagged with: taxation

Critical Financial Education on Family Business Tax at November CE Summits

Posted: November 14, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking, Current Issue , CRA, knowledge bureau, Evelyn Jacks, tax courses, financial advisors, ce credits, year-end tax planning, financial education, tax preparers, CE summits, tax proposals, Liberal government, Larry Frostiak, Morneau, taxation of private corporations, tax issues, small business taxation, financial workshops, passive income taxation, corporate valuation, Frostiak and Leslie Chartered Accountants

The tax proposals introduced on July 18, 2017, are complex and continue to evolve, promising some mind-numbing complexing for business clients. Tax and financial advisors need to gain a thorough understanding of the intricacies of these proposals in order to reduce the impact on their clients. The November CE Summits will address this need, in a focused session featuring family business tax expert Larry Frostiak. Note - Registration ends today, November 15.

The Paradise Papers, Pre-Budget Consultations and The Real Tax Gap

Posted: November 07, 2017 By: Evelyn Jacks
Posted in: Strategic Thinking , CRA, DAC, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, evergreen explanatory notes, distinguished advisor conference, cross border taxation

This week brought more controversial tax news to Canadians: the Paradise Papers and a new tax “consultation”; this time in advance of the 2018 Federal budget.   The elephant in the room in both these stories is the unfinished “consultation” on the massive tax changes proposed for private businesses.

LAST WEEK TO REGISTER:  CE Summits Dig Deep into Tax Reforms

Posted: November 07, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , Tax, Financial Planning, CRA, knowledge bureau, Evelyn Jacks, tax courses, financial advisors, ce credits, financial education, tax preparers, tax professionals, small business taxation, year-end planning, financial workshops

The consultations for the 2018 federal budget are officially underway today; yet advisors working with small business owners are yet to decipher the difficult proposals for private corporations to advise on appropriate actions before the end of the year.   Don’t miss the opportunity to expand your knowledge with top experts at the CE Summits, visiting four Canadian cities from November 21 to 28, 2017.

Which Employee Benefits Are Taxable?

Posted: October 31, 2017 By: Evelyn Jacks
Posted in: Strategic Thinking , CRA, taxation, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, tax education, financial education, employee benefits, T4, Family Tax Essentials

A couple of weeks ago, the financial news of the day involved a controversy about the taxation of employee benefits.   CRA was enforcing its interpretation of the law in relation to the taxation of the benefit of receiving employee discounts at work. After a political outcry, CRA backed down, leaving several question marks.

Final Tax Instalment for 2017:  Help Clients Budget for Savings and Holidays

Posted: October 31, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , Tax Planning, Financial Planning, CRA, taxation, knowledge bureau, Evelyn Jacks, income tax, financial advisors, Canadian taxation, tax education, financial education, tax preparers, CE summits, financial planners, tax deadlines, tax instalment 2018, budgeting

Do you need more cash flow before Christmas?  It’s a great question for tax and financial advisors to ask their clients who are pensioners, divorces or proprietors.  That’s because the final quarterly tax instalment of the year is coming up soon – December 15 – and with proper planning, it might be avoided.

Financial Professionals Agree that the Demise of Canada Savings Bond is Appropriate

Posted: October 31, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , Tax Planning, Financial Literacy, Financial Advisor, investments, knowledge bureau, Canada Revenue Agency, poll results, TFSA, Evelyn Jacks, federal budget, tax courses, retirement savings, tax changes, financial education, Knowledge Bureau poll, financial courses, poll, october poll, november poll, tax-free savings, taxation

Our October Poll delivered surprising results regarding the demise of The Canada Savings Bond. Most financial professionals polled agreed, indicating that TFSAs are a better alternative. However, it’s clear that some Canadians attribute nostalgic value to CSBs.