Wildfires: Apply for Taxpayer Relief Provisions

Canadians affected by wildfires may also be concerned about the tax consequences of lost records or missed filing deadlines. Fortunately, the CRA offers Taxpayer Relief Provisions for circumstances beyond a taxpayer’s control. These can apply in cases involving natural disasters, serious illness or death in the family, or errors made by the CRA—any of which may lead to late or incomplete tax filings and trigger penalties or interest. Here’s what you need to know.

Help your clients create a charitable giving plan that both meaningfully supports their cause and complements their overall wealth management strategy in a tax-effective manner. KBR readers receive $5 off if they order before December 17.

Unincorporated small businesses have tax preparation and planning requirements that are unique. These small business owners will be looking to you for sound advice during tax time.

Canada is not immune to the problems plaguing global economies and recent government releases quantify the extent of the impact.

Many provinces have issued their fall fiscal updates and the same thing ails them as ails the federal government.

I like to donate to my favorite causes in December. It makes me feel great because it benefits others. The fact it lessens my tax liability is but an added benefit.

If the federal government decides to crack down on “aggressive” tax avoidance transactions, does it signal a sea change for advisors or is it really much ado about nothing?