News Room

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.

New tax treaty to boost trade

A new tax treaty will increase trade and investment between Canada and Hong Kong.

Featured Book: Master Your Retirement

This book by Douglas V. Nelson says don't just 'do' retirement, master it! KBR readers get $5 off if you buy before Nov. 27 - and it makes a great stocking stuffer!

Featured Course: Debt & Cash Flow Management

Earn 30 CE Credits with this self-study, online course designed especially for financial advisors who want to specialize in helping clients develop strong personal net worth statements by managing debt and establishing a savings process.

Lessons learned at DAC Day 1: Taking our bearings

The global economy is on the road to recovery. In fact, said veteran economist Patricia Croft, a speaker at the opening day of the Distinguished Advisor Conference in Naples, Fla., we are half way there.

Lesson learned Day 2: Charting our course

Sailing in uncharted waters means taking new approaches and speakers at Day 2 of the Distinguished Advisor Conference advocated a collaborative approach.

Evelyn Jacks: “Fiscal cliff” has immediate implications

The U.S. is fast approaching its “fiscal cliff” and how it resolves that challenge has implications for Canada and the world.
 
 
 
Knowledge Bureau Poll Question

Are your clients owed money by CRA? As of March 31, 2025, the CRA holds about 10.2 million uncashed cheques totalling $1.7 billion. In your view, why is this happening?

  • Yes
    7 votes
    50%
  • No
    7 votes
    50%