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:

Do you know someone who has an incredible “presence”? There’s something about them that is intriguing and difficult to articulate, but we know that they possess the power to captivate.

Ensure you and your staff provide your clients with the most accurate and current tax information and services. Our T1 Professional Tax Preparation – Basic course now includes the latest tax changes for the 2013 and 2014 tax years, including announcements made in the February 11, 2014 federal budget.

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On February 23, the same day Canadians watched their men soar to gold in hockey over Sweden, the G20 Finance Ministers and Central Bank governors reported ten points of great news from their meeting in Sydney, Australia.

Don’t forget the RRSP contribution deadline of March 3, to maximize your 2013 RRSP deduction and reduce net and taxable income.

G & J Muirhead Holdings Ltd. v. The Queen (2014) TCC 49, a recently released judgment from the Tax Court of Canada (TCC), serves as an important reminder to all taxpayers that rely on the corporate status of their small business for favourable tax treatment: the personal services business distinction could cost you.