Trade Wars: Why Income Tax Filings Matter More Now

It’s hard not to get caught up in the trade wars saga, and of course it has serious economic repercussions. In times like these, our tax system can help. The federal government has indicated three pillars of support will be enacted, details of which are to come shortly:

Try Knowledge Bureau’s suite of 14 calculators – these tools are an invaluable source of quick solutions and provide an easy way to test scenarios with your clients. Try them risk-free!

In the first article of our Bill C-60 series in our May 22 issue of KBR, we looked at the proposed amending of the audit process. This week we examine the changes to the tax court rules.

Do you run an unincorporated small business from your home or office?

Daishowa-Marubeni International Ltd v. Her Majesty The Queen [2013] SCC 29 An important and eliciting tax decision was recently released by the Supreme Court of Canada (SCC) analyzing the difference between liabilities and embedded obligations as well as the role of tax symmetry in the Income Tax Act (the Act).

On April 29, the Minister of Finance, Jim Flaherty, introduced Bill C-60 to Parliament which proposes to implement certain provisions of the March 21, 2013 federal budget.

Part of the Bank of Canada’s Spring Review, released on May 16, included an article titled “Explaining Canada’s Regional Migration Patterns”, which provides interesting data on the effect of demographic migration on economic policies in Canada. It also provides, therefore, important information for professional advisors who wish to more strategically define growth in their practices over the long run.