Mark Your Calendar: Critical Deadlines for May and June

Tax season never truly ends, it seems, as there are many more upcoming tax filing, investment planning and education milestones to discuss with your clients over the next six months. Check out our handy checklist below and then test yourself – what are the conversation openers you’ll use and with which clients? It’s your opportunity to shine with every member of the household:

The Society of Distinguished Designates welcomed members, graduates, and guests to its recent inaugural networking event on May 13, bringing together professionals from across the tax, accounting, wealth management, and financial services community for an evening focused on collaboration, continuing education, and the future of advisory practice.

What’s new for tax and financial advisors to be aware of post-tax season that impacts planning in 2026 and beyond? Don’t miss the critical tax law updates stemming from the Spring Economic Statement, retirement income planning, rules for death of a taxpayer and estate planning strategies and T3 filing tips. Check out the agenda below and register now for the May 27 CE Savvy Summit. 

Now that the height of tax season is over, many tax and financial advisors are turning their attention back to a growing challenge: how to build a stronger, more scalable business in one of the most difficult environments Canadian entrepreneurs have faced in decades. In fact, today, 55% of Canadian SMEs say they would not recommend starting a business, according to a CFIB Report.

Earlier this month, Statistics Canada published a report titled Stretching the Loonie: a time series analysis of financial difficulty and quality of life. The report is based on a nation-wide survey and the results are concerning. They reveal a serious trend and it is possible this is contributing to the late filing trend we are seeing this tax season.

personal resources, such as their vehicle, home office, supplies, or professional memberships. What many do not realize is that if these expenses include GST or HST, and their employer is a GST/HST registrant, they may be entitled to recover part of the tax through the GST/HST Rebate for Employees. This rebate is claimed using Form GST370 and reported on line 45700 of the T1 tax return.  Here’s a primer for you to cover with your clients:

The last of the provincial budgets have been brought down over the last month.  Here’s a summary of the good news (tax changes) and the bad (big deficits).