Trade Wars: Why Income Tax Filings Matter More Now

It’s hard not to get caught up in the trade wars saga, and of course it has serious economic repercussions. In times like these, our tax system can help. The federal government has indicated three pillars of support will be enacted, details of which are to come shortly:

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

New Liskeard, Ontario’s Collette Maurice recently completed the T1 Professional Tax Preparation – Basic course to obtain a better understanding on completing basic tax returns.

Controversy has erupted in the news this week over the potential lost government revenues 50 years from now, due to the prospect of doubling of Tax Free Savings Account (TFSA) limits in the future. 

Never under-estimate the blinding power of new love or the obligations to a scorned ex-wife. . .even after death. 

What does an employer do if over deductions are discovered?

When working with your clients, remember that you are their trusted advisors and know more about their financial affairs than their family and friends.