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All items tagged with: taxpayer

Canadians Want Changes to Tax Filing Deadlines: Poll Results

Posted: June 05, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , tax preparation, Financial Literacy, self-employed, knowledge bureau, Canada Revenue Agency, poll results, Evelyn Jacks, tax courses, financial education, sole proprietor, taxpayers, tax deadlines, tax dates

In May, we asked Knowledge Bureau Report readers whether Canada’s current tax deadlines make sense – and the general consensus was that the existing system needs to change. Some of the suggestions from professionals in the tax and financial services industry might surprise you.

Sneak Peek! Advisors Require Technical Skills Before Death of a Taxpayer

Posted: June 05, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , Estate Planning, knowledge bureau, executor, succession planning, Evelyn Jacks, retirement planning, final returns on death of a taxpayer, tax courses, ce credits, master financial advisor, inheritance, tax education, financial education, Walter Harder, online education, taxes for deceased, holistic wealth management, estate services

Each year, 1 percent of the population passes away, generating tax consequences and other financial implications that impact remaining family members.Yet, often tax and financial advisors are hesitant to focus on tax-efficient estate planning, leaving it to attorneys instead. But you can add value as a more trusted advisor by offering a more holistic approach to a powerful financial moment by honing skills in discussing the tax consequences on death of a taxpayer.

U.S Tax Reforms and NAFTA: They Impact Canadian Taxpayers

Posted: May 08, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , Financial Literacy, President - Knowledge Bureau, Evelyn Jacks, evergreen explanatory notes, ce credits, snowbirds, tax education, financial education, financial workshops, Knowledge Journal, Dean Smith, Trump, NAFTA, Canadian Competitiveness, cross-border tax, US tax reform, foreign income, taxpayers abroad, C. Russell Vert, free course trials

Is it still a good idea for snowbirds to own property in the U.S.? Do you have clients who have children studying in the States or a son or daughter marrying a U.S. citizen? How will Canadian small business tax reforms co-mingle with the most significant U. S. tax reform since 1986?

Guaranteed Basic Income in Canada: Taxpayers Beware

Posted: May 01, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Evelyn Jacks, federal budget, financial education, CE summits, Parliamentary Budget Officer, Canadian taxpayer, Guaranteed Basic Income, Ontario Guaranteed Income, income support programs

A nationwide initiative that would provide Canadians with a base guaranteed income is under consideration. It’s a move with polarizing opinions, with many citing an increased burden upon taxpayers to fund the program.

Tax Season 2018: Your Advice Starts Here and Now

Posted: May 01, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Evelyn Jacks, tax filing, financial education, tax preparers, CRA audits, Knowledge Journal, Dean Smith, tax audits, Federal Budget 2018, CRA service, audit-proof returns, Canadian taxpayer, T1 returns, financial skill development, CE credits for advisors, tax updates

Tax and financial advisors are in agreement—the Canada Revenue Agency’s audit practices are more aggressive than ever. Now that the deadline has passed for filing 2017 personal income tax, it’s already time to prepare your clients for success in the 2018 tax season. Knowledge Bureau offers the education and support you need to mitigate the tax-audit risks that could cost you and your clients, and maximize their benefits and deductions.

Tax Tip: Three Tax Secrets for RRSP Investors

Posted: February 21, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , tax preparation, Financial Literacy, CRA, tax credits, investments, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, rrsp, tax filing, tax courses, taxpayer, financial courses, federal income tax, online education, contribution deadline, RRSP deduction, net income, income tax estimator calculator

March 1, 2018 is an important date for savvy taxpayers:  don’t miss topping up your RRSP contribution by this deadline. It’s a great investment for your retirement, of course, but it’s so much more powerful:  there are, in fact, three additional tax secrets most people don’t know about that can help you improve your finances.