News

All items tagged with: taxation

Tax and the Bitcoin: Real Money Owing to CRA

Posted: January 09, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking, Current Issue , Financial Literacy, CRA, dividends, investments, trading, knowledge bureau, Evelyn Jacks, income tax, tax courses, bitcoin, tax education, financial education, Real Wealth Manager, interest, capital gains tax, taxation issues, Bitcoin value, Bitcoin trading, tax on digital currency, gold, PayPal tax

“Bitcoin Rush” is all over the news as speculators have tried to get in on the trend which saw skyrocketing values at the end of 2017. But there is a spoiler: gains on trading digital currencies like Bitcoins are subject to taxation in Canada, a liability that must be settled in real dollars.

Morneau Drops Details on Income Sprinkling Today

Posted: December 13, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , tax preparation, Financial Literacy, knowledge bureau, tax returns, Evelyn Jacks, retirement planning, Tax Reforms, tax courses, tax changes, tax education, financial education, tax preparer, financial conference, CE summits, Morneau, bookkeeper, tax workshops, personal income tax, T1, income and deductions, personal residence tax, property and investment tax, rental tax, unincorporated business taxation, Joanne Sigurdson

Finance Canada will release new details on their “simplified” proposals on family income splitting today at 1:00 p.m. EST.  Knowledge Bureau Report will provide full commentary in its next edition and at the January CE Summits, which will travel to six cities in January.  Check out the detailed agenda and register now to secure attendance as this event sells out quickly.

Joanne Sigurdson: CE Summits Promote Financial Business Growth and Thought Leadership

Posted: December 13, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , tax preparation, Financial Literacy, knowledge bureau, tax returns, Evelyn Jacks, retirement planning, Tax Reforms, tax courses, tax changes, tax education, financial education, tax preparer, financial conference, CE summits, Morneau, bookkeeper, tax workshops, personal income tax, T1, income and deductions, personal residence tax, property and investment tax, rental tax, unincorporated business taxation, Joanne Sigurdson

Business leader, coach and Knowledge Bureau author Joanne Sigurdson hosted a workshop at Knowledge Bureau’s fall CE Summits that wowed the audience with new thought leadership and inspired the business builders who attended to “think bigger” as they contemplate their plans to expand their careers and businesses in 2018.

Tax Pros Confirm: CRA Increasingly Aggressive with Audit Practices

Posted: December 05, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , Financial Literacy, CRA, Financial Advisor, tax credits, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, income tax, tax courses, taxpayer bill of rights, financial education, tax preparer, filing tax returns, tax deductions tax audits, taxation issues, CRA audits, tax refunds

The majority of tax and financial services professionals agree: CRA has stepped up audit activity on returns of average Canadian tax filers.  Knowledge Bureau Report’s November poll found this trend emphasizes the value that financial and tax preparers can offer to Canadian taxpayers, as they grapple with a less-than-satisfactory experience with their tax department.

Become a Trusted Resource for Clients Faced with CRA Information Gap

Posted: December 05, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , Financial Literacy, CRA, Financial Advisor, taxation, knowledge bureau, Canada Revenue Agency, tax returns, relationship management, Evelyn Jacks, tax services specialist, tax courses, distinguished financial advisor, taxpayer bill of rights, tax advisor, wealth management, financial education, DFA, tax preparer, small business tax, adult education, Auditor General Report, CRA issues, personal income tax, tax planner, online classes

While Canada Revenue Agency is under fire for failing to provide timely and accurate information to taxpayers, it’s clear that tax and financial advisors have an important role in filling that gap and in the process demonstrate unique value to their clients as trustworthy resources.  But the industry, too, must step up its knowledge in light of increasing complexity.

People in the News: Reader Comments on Tax Reform

Posted: November 28, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , knowledge bureau, Evelyn Jacks, income tax, tax courses, tax changes, tax education, finance canada, tax reform, tax proposals, Liberal government, Morneau, unfair tax changes, small business taxation, Klaus Theyer

At Knowledge Bureau, we love to receive feedback from our readers. Klaus Theyer of Exact Tax Services commented on thought leadership about recent federal tax changes.  Here’s what he said: