Missing in Action: Tax Credit For Minor Children

Something’s been missing on your tax return since 2015 and that’s the non-refundable tax credit for minor children. It was canceled in favor of the enhanced Universal Child Care Benefit and the new Family Tax Cut. Both those provisions have since been canceled in favor of the new Canada Child Benefit.

DAC: Take A Strategic Look at The Crossroads of Change

At a time when governments are more closely monitoring changes in global GDP growth, the effects of protectionism, currency fluctuations, tax changes and sluggish business investment on the long-term financial well-being of Canadians, wealth advisors need to better understand new strategies for making tax-efficient investment recommendations to the families they work with.

Proprietors: 7 Tax Tips for Those Scrambling to Meet Tax Deadline

It’s high time for unincorporated business owners to get their books and taxes done for the May 1st deadline. You could, in fact, procrastinate until the final June 15 filing deadline, but interest will be charged on balances due after midnight, May 1. For that reason alone, don’t delay; get those books done now. Here are seven tips to make it easier:

Tax Preparation for Proprietorships: A Growth Opportunity for Your Business

Unincorporated small business returns are increasingly in demand as an aging demographic moves from full-time employment to self-employment as a way to leverage time and money.

Financial Trivia Contest - Win a Free Registration to DAC, Nov. 5-8 in Kelowna, BC

How’s your luck? Try it out and get in on a chance to win a free registration to the Distinguished Advisor Conference (DAC) in the spectacular wine country of BC. Come to Kelowna and think more clearly about this year’s theme, Canada 150: Financial Advice at the Crossroads of Change. Here’s April’s question:

Position Your Business for Success in the Innovation Economy of Tomorrow

The Federal Budget has put an emphasis on positioning Canada for success in the innovation economy of tomorrow. With so many businesses poised to change hands soon, advisors must be thinking about preparing the next generation of leaders for the new economy, despite disruptive trends and significant tax changes. The continuity, and even survival, of these companies could depend on your help.

People in the News

Valuable designation for every advisor: Margaret Hodgson, DFA - Tax Services Specialist™, Manitoba
 
 

2017 Federal Budget

 
 
Knowledge Bureau Poll Question

Do you agree with the 2017 Budget proposal to cancel the deferral of Work in Progress for accountants, doctors, lawyers and other professionals?

  • Yes
    35 votes
    25%
  • No
    105 votes
    75%