New: Personal Support Workers Tax Credit Coming Soon
Personal support workers will receive billions in increased wages from federal/provincial governments in B.C., Newfoundland and Labrador and the Northwest Territories. Those workers in other provinces will now get a raise too, but they will have to wait until filing their 2026 returns in the spring of 2027 to cash in, according to an October 27 pre-budget announcement. Here are the details:Featured Event: Distinguished Advisor Workshop – Audit Defence Bootcamp
Tax Audit Season – June to December – begins soon, and tax professionals need to know how to respond to requests for post-filing information to set up the best defence in case of appeal. See the full agenda for this May's Distinguished Advisor Workshop, coming to a city near you.
Featured Book: Make Sure It’s Deductible
Help your unincorporated business owner clients take advantage of every legitimate business deduction and personal tax planning benefit while complying with their tax obligations. Buy 3 books, get 1 free! Use PromoCode: KBRSPECIAL.
Featured Course: Cross Border Taxation – FREE TRIAL!
More and more, Canada/U.S. cross border transactions make an impact during tax time, and advisors must understand how cross border taxation issues such as residency, snowbirding, and Canadian and U.S. investments, will impact their clients' tax returns. Free trial available!
Featured Tool: Debt Reduction Solutions Calculator
This calculator is a valuable tool in helping your clients determine the amount of income available to service debt and to calculate maximum mortgage payments, fixed term mortgages, and all-in-one solutions. Try it risk free!
Credit Tightening Leads to Private Sector Cost Cutting
The Bank of Canada’s regional offices conducted summary interviews with senior managers of about 100 different firms representing a snapshot of Canada’s gross domestic product in order to gain a clear perspective of the future of economic activity in the country.
CRA Letter to CBC: Turn Over Names
On April 12, 2013, Andrew Treusch, the Commissioner and Chief Executive Officer of the Canada Revenue Agency (CRA) wrote a letter to Mr. Hubert Lacroix, President and Chief Executive Officer of the Canadian Broadcasting Corporation (CBC), in regards to the international tax non-compliance information leaks that the KBR described last week.
