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:

According to a Canadian Institute of Actuaries (CIA) study published by advisor.ca, the life expectancy of a 60-year-old male today has increased by 2.9 years (from 24.4 to 27.3 years), while the life expectancy of a 60-year-old female has increased by 2.7 years (from 26.7 years to 29.4 years).

With back-to-school just around the corner, there are several important recent tax issues for students that will be helpful to keep in mind for the year ahead.

It’s not too late – call us today to reserve your spot at the Distinguished Advisor Conference. We have been able to secure a small block of additional rooms at our spectacular venue. Please call today to register for the 10th annual Distinguished Advisor Conference, November 10-13.

If you are intent on building your firm to new heights, you won’t want to miss this inspirational story: Charlie Spiring will take you into the future with his inspirational Wellington West story and the lessons that he has learned.

The detailed agenda for the November 1-6 cross-Canada tour of our Corporate Tax & Year-End Planning Bootcamp is now available. Don’t miss this comprehensive one-day event which will teach you and your team to confidently prepare T2 returns and plan the integration of personal/corporate tax efficiencies. To join us, reserve your spot by September 30.

Are you working with the owner or a member of a family business? Are you wondering how you can best advise the family on how to use the business opportunity to provide for retirement income? Learn how to protect one of your client’s most valuable assets with MASTER Your Investment in the Family Business. . .a great take-away from your next “lunch and learn” client seminar!