News Room

Seniors Targeted? The Tax Audits Begin

The Canada Revenue Agency (CRA) routinely reviews or audits tax filings, including personal, trust, corporate, and HST returns. The most common types of reviews that focus on personal tax returns include, but are not limited to, Pre-Assessment Reviews, Processing Reviews, and the Matching Program. This year there is a new focus: the Multigenerational Home Renovation Tax Credit introduced to help families better care for their elders. But claiming it, like other tax benefits, comes with a tax snare. Read on to learn more.

Understanding Synthetic Dispositions – Holding Period Rules

We conclude our Synthetic Dispositions series this week with a look at holding period rules.

Disability Awareness: Other Income Sources

In our Disability Awareness series we have discussed income sources such as CPP Disability Pension, and EI. We continue that discussion with the tax consequences of other income sources that are available to those who have suffered a disability.

Updated to 2013 Tax Returns!

Achieve double-digit returns in your plans for Real Wealth Management™ with your clients with our T1 Professional Tax Preparation – Basic course. Learn to prepare returns using 3 popular tax software programs, too! Check out our cool new Virtual Campus as well. Call to enrol on June 26 and save $200! 1-866-953-4769.

Calculate If That New Job is Right for You

The Take Home Pay Calculator provides quick answers to aid in decisions about taking a new job in a different province or changing withholdings by adjusting your TD1 or filing Form T1213.

Summer School: Registration Ends June 30

Invest in your team. Earn your designation. Earn your DFA-Specialist™ or MFA™ designation and enhance your professional development in a meaningful way. Enrol by June 30 and receive best tuition rates.

DAC 2013: Richard Wise – What’s Your Business Worth?

What’s my business worth? If you or your business owner clients have ever pondered this question, you won’t want to miss this session.
 
 
 
Knowledge Bureau Poll Question

Are your clients owed money by CRA? As of March 31, 2025, the CRA holds about 10.2 million uncashed cheques totalling $1.7 billion. In your view, why is this happening?

  • Yes
    18 votes
    66.67%
  • No
    9 votes
    33.33%