Changes to Paper Filing Disempowering

Last tax season, only 7% of all Canadian tax filers filed on paper. The CRA is pushing for zero. It continues to steer the holdouts to digitized filing by adding lots of obstacles. Most recently, it is removing almost all the schedules from the tax return package it mails. This seems unfair to people who paper file because they can’t afford a computer and internet, distrust the security of online filing and those who are neither tax or computer literate. Here’s what they are up against:

One of the more difficult decisions for those approaching retirement is when to start receiving their CPP retirement pension. 

Last week we covered Foreign Income Verification Reporting, Form T1135 in general along with the basic requirements of foreign holdings reporting.  This week we’ll look at the form in detail and cover some of the specific reporting requirements.

Substantial tax reform has recently changed the rules for post-death planning for high net worth families.

Have you reserved your spot at the 2015 Distinguished Advisors Conference (DAC) yet?

It’s February – no time to waste. 

Rick Green from Calgary, AB has nothing but praise for Knowledge Bureau’s Elements of Real Wealth Management course.