News Room

Finance Canada: No More Spring Budgets

Finance Canada announced on October 7 that Canada’s federal budgets will be brought down in the fall starting with the November 4, 2025 event; a significant departure from the spring schedule (February, March or April) that has been the cycle for several decades. This is going to affect many other events as we know them, and in the annual government spending approval cycle. There will also be a new budget process for capital vs. operational expenses. Here’s what you need to know:

GST/HST Remittances: Are You Already Late?

If you have a December 31st year end, the due date for making annual GST/HST remittances is April 30, even though proprietorships have until June 15 to file the T1 General Tax and Benefits return. So if you owe GST/HST now, be sure to make a payment immediately to avoid interest charges.

Practice Management: Great Opportunities Await in Three Retirement Phases

With tax season largely behind us, energetic business builders in the tax and financial services industries will be interested in pursuing their next great revenue growth opportunity immediately: tax-efficient retirement income planning.

Dr. Jack Mintz Talks Tax Futures at DAC

How strong are your economic fundamentals relating to critical issues coming down the pike for 2016 and 2017?  Would you like to better understand how the outcome of the US election will affect the global and Canadian economies?

Mark Your Calendar

Knowledge Bureau would like to remind you of some key dates to mark in your calendar: Regional DAW Workshops - May 24 to 31. Early Registration ends May 15.  Summer Studies Begin July 1 and DAC  Nov 6 -9. Register by June 30.

Life Purpose

"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time." Thomas A. Edison

Tax Tips: Six Important Tips in Correcting Errors on Tax Returns

Tax season may be over but you may have forgotten to claim a lucrative tax deduction or credit, like medical expenses, moving expenses or the disability amount.  First tip:  don’t file a new return; simply adjust your prior filed return.  But, what’s the deadline for making adjustments?
 
 
 
Knowledge Bureau Poll Question

Do you believe SimpleFile, CRA’s newly revamped automated tax system, will help more Canadians access tax benefits and comply with the tax system?

  • Yes
    4 votes
    10.26%
  • No
    35 votes
    89.74%