Wildfires: Apply for Taxpayer Relief Provisions

It may not be the first concern, but Canadians affected by wildfires may worry at some point about the tax consequences of lost records or missed filing deadlines – the next one on June 16 for those filing T1 returns with proprietorship income. Fortunately, the CRA offers Taxpayer Relief Provisions when there are circumstances beyond a taxpayer’s control, including natural disasters, serious illness or death in the family, or errors made by the CRA, which may trigger penalties and interest due to late or incomplete tax filings. Here’s what you need to know.

Over 5 million Canadians submit their taxes online. This book by Evelyn Jacks is a must-read for the DIY tax-filer. KBR readers get $5 off if they order before December 3.

As baby boomers age, long-term care will become a ballooning part of provincial health-care costs. Now is the time to plan for that eventuality.

On the final day of the 2012 Distinguished Advisor Conference Nov. 14, speakers looked at the forces shaping the future of investors and advisors.

Now is the time to do yearend tax planning — to ensure you do not pay more income taxes than necessary.

The Canada Revenue Agency (CRA) is on the warpath over charitable gifting tax shelters. But is it time for a broader review of Canada’s charitable donation rules?

To keep small and medium-sized business owners abreast of statistical news and trends, Statistics Canada publishes a monthly enewsletter.