Back to School Tax Breaks

Like tax season, back-to-school season rolls around annually with certainty. But in today’s inflationary environment, the start-up costs for getting the family organizing for the school year may seem daunting. The good news is that tax and financial advisors can help clients understand their tax planning options and manage all the receipts that can lead to tax breaks later in the spring during tax filing time. Here’s a primer of topics you may wish to discuss:

Imagine you have a client who is five or six years away from retirement, manages a small yet successful consulting firm with ten employees, and is married with two grown-up kids. He’s thought about retirement and the idea of finding a successor for his business, but overall, he’s been pretty non-committal.

If you’re able to join us in Kelowna on Sunday, November 5, you won’t want to miss our visit to the beautiful and unique Summerhill Pyramid Winery! It’s the largest certified organic vineyard in Canada and was named “Canadian Wine Producer of the Year” in 2009 by the International Wine & Spirits Competition in London, England.

Calling all newcomers, young up-and-comers, career-changers and passionate-for-learning-retirees! Summer is a great time to go back to school and pick up a new skill that will provide you with a new income stream and a new sense of pride.

Laramie Tan-Amit, has gained confidence in her role as a Professional Tax Practitioner and Bookkeeper

Happy 150th Birthday, Canada! We at Knowledge Bureau will be taking some time on this extra-special July 1 long weekend to celebrate Canada’s sesquicentennial, so just for fun, we thought we’d take a look at some financial highlights of the last 150 years.

The prescribed interest rates set by CRA for the third quarter of 2017, July to September, have followed recent trends: there are no changes for the period except for a new 4.47% rate on an election made by foreign corporations regarding PLOIs, Pertinent Loans Or Indebtedness.