News Room

Tax Shock Adds to Family Heartbreak

Last month the sad story of an Ontario family who suddenly lost both parents in 2024 was shared in Burlington Today.  The tax outcomes were just as shocking as the two deaths from unrelated causes.  There was a cottage, a large RRSP and a big tax bill.   Some of the outcomes could have been mitigated with some planning.   I sat down with CTV’s Pat Foran to discuss the outcomes – with a message important to family planning.  

The Mentorship Series: Stories About Distinguished Advisors’ Unique Value Proposition

FOR IMMEDIATE RELEASE – Tax and financial advisors are under the microscope for their performance, competency and high value. Hear the stories of distinguished professionals who are unafraid to embrace the new challenges of regulation and change.

Spotlight Series: Yasemin Aygun , DFA-Tax Services Specialist, is part of a network of change agents

Yasemin Aygun, owner of Bookkeeping Bizz in North York, Ontario, offers bookkeeping, payroll, and tax and advisory services through her firm. A recent graduate of the Knowledge Bureau’s DFA-Tax Services Specialist designation, she knows how valuable professional development is in helping her differentiate her firm from other financial advisors.

DAC Agenda Released: 18 Distinguished Speakers Take On Cutting Edge Topics

Winnipeg, MB - Top tax and wealth advisors from across Canada will travel to Puerto Vallarta later this fall to participate in a strategic think tank on the challenge of building multi-generational relationships in a global environment in which digital communications both enhance opportunities and  present new risks.

Brief Clients About CRA Fraud And E-Mail Scams

It’s a warm summer day. You’re relaxing in the yard and wondering what could possibly make this day better. And then, out of the blue, you receive an e-mail from Canada Revenue Agency stating that they’ve discovered they owe you money!  Could this be true?  Or, do you need to wake up and smell the coffee . . . .?  There are two scams in particular to brief your clients about:  Refund and Collection Scams.

Adjusted Family Tax Cut: Was Spouse A Student?

Last week, CRA reminded families to apply for the generous new Universal Child Care Benefit (UCCB) being delivered to families this week. But there may also be more good news:  enhanced Family Tax Cut dollars available for the 2014 tax filing year for families in which one spouse was a full- or part-time student... $2 to $750 more in fact.

Five Steps To Calculating 2015 TFSA Contribution Room

A new version of form RC343 has been released by the CRA to calculate TFSA contribution room for 2015, taking into account the new 2015 contribution limit of $10,000.
 
 
 
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
    11.76%
  • No
    30 votes
    88.24%