Podcast: Automatic Tax Filing - Will It Work?

Last week Taxpayers' Ombudsperson François Boileau  tabled his annual report:  In Pursuit of Better Service: Taxpayers Deserve More.  once again, it was nothing short of scathing, as CRA received its highest number of complaints in the last three years.  Calling our “completely nuts” Income Tax Act a potential barrier, he is nonetheless pushing for automatic tax filing as a potential solution.  A new episode of Real Tax News with Evelyn Jacks & Friends available next week, will feature guest Gillian Petit, Ph.D. - author of a great report, Welcome News for Lower-Income Canadians, but There’s More to Do - which takes a deeper dive.  Consider the following:

Training costs will not be deductible if they are considered to be “capital” in nature—that is, if they result in a lasting benefit to the taxpayer.

The Disability Tax Credit is lucrative—be sure to take the time to review the Disability Tax Credit Certificate (Form T2201) with your doctor.

Know the pros and cons of all possible solutions for wealth and succession and estate planning in order to discuss options with your clients. Enrol in Use of Trusts in Tax and Estate Planning by October 30 and save $200 on tuition fees.

Take advantage of our bootcamps' new three-part blended learning activities and earn up to 30 CE/CPD credits towards your MFA or DFA-Specialist designation. Spots are still available for November's Corporate Tax Bootcamp – final registration deadline is October 30.

Today, more than ever, both first and lasting impressions count. Learn to make your ABCs—Appearance, Behaviour, Communication—align with your Personal Brand. This new release from Catherine Bell will be available at the end of October. Pre-order your copy today!

Take a peek into the future at what your retirement will look like—financially speaking—after tax, for both you and your spouse. Check out the Tax-Efficient Retirement Income Calculator with a free trial.