Fall Federal Budget: Will Spending Be Cut?
Canada has historically presented an annual budget since Confederation in 1867, even through periods like World Wars and the Great Depression, but we have recently experienced the longest period without a full federal budget in our history. By the time the next one is brought down, expected in October 2025, it will have been 18 months since the controversial April 2024 budget which introduced the doomed capital gains inclusion rate hikes. What can we expect?Don’t Forget: GST/HST Remittance Deadline is June 30
June 30 is not typically a tax filing milestone, but this year is an exception as it is the extended GST/HST deadline for businesses. What needs to be filed, and what’s due next week?
Back to Work! New Manitoba Job Restart Program
It’s time to ween off the CERB, at least in Manitoba, the implementation of a new program will supplement wages of those returning to the workforce: it’s time to get back to work!
A Renaissance: Knowledge Bureau’s DAC Acuity 2020
Unfortunately, COVID-19 has slowed the opening of social immersion in Ontario and interrupted our plans to hold the Distinguished Advisor Conference in Niagara Falls, so we’ll be going there in fall 2021 instead. This year’s DAC Acuity 2020 will be held virtually, with the unparallelled professional education and networking that are the hallmarks of the event and lots of interesting twists. There are also two ways to schedule the event into your busy calendar. Check this out:
Who is the MFA-P™?
The strategic philanthropic solution taught in the MFA-P™ designation program takes a multi-stakeholder approach to giving. This new designation will empower clients to give more effectively because of their collaboration with you. If you are interested in this credential, be sure to enroll by June 30 and save $500. Here are more program details:
The Soft Skills Matter in Tax Services
Tax Services Specialists must have more than precise technical and research skills; for them, the soft skills matter in building long term relationships with their clients and various regulators. Now more than ever, Canadians need caring support and someone to help them navigate the complex tax and financial repercussions of the pandemic and associated benefit programs. Read on for the soft skills and processes that will allow tax specialists to fulfill an essential service.
The CERB Tax Quagmire
The CERB payments have been extended for an additional 8 weeks to a total of 24 weeks, available under the same eligibility criteria, but with one caveat: Canadians should make an effort to return to work. In addition, those abusing CERB guidelines must repay them to avoid stiff penalties. The resulting broad-based complexity with the CERB will ensure a tax compliance quagmire for recipients next year. Here’s what you need to know:
