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:Last Chance to Enrol in Advanced Tax Update Workshop
Learn all the details behind the lines on the 2015 T1 return. But hurry: registration ends Friday January 15. Designed for the busy tax and financial professional, Knowledge Bureau’s Advanced Tax Workshop is custom-designed to provide the most recent advanced updates from CRA and Finance Canada and to shake out the cobwebs in time for tax season. Ideal for training new and returning staff, too.
Average Exchange Rates for 2015 and Five-Year Trends
The Bank of Canada has announced the 2015 average exchange rates for several currencies against the Canadian dollar. While some might be curious about how many Fijian dollars or Panamanian balboas one might get in exchange for a Canadian dollar, the currencies we are most often concerned about are the US dollar (1.2787 for 2015) and the Euro (1.4182 for 2015).
