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.

Broker Error Raises Kraft Market Price 29% in First Minute of Trading

Those holding stock in the Kraft Foods Group Inc were surprised, to say the least, when on Thursday October 4th the Kraft shares opened at $45.55 then surged to $58.54. The Nasdaq attributed the rapid change to “broker error.” This occurred only days after Kraft Foods and Mondelez International, a former part of Kraft foods began trading as two separate companies.

Featured People: iPad Winner - Congratulations to Shelda Gamracy

Congratulations to Shelda Gamracy! She won an iPad from the Knowledge Bureau at the IPBC Conference in Vancouver last month.

Tune in LIVE to The World MoneyShow Toronto!

Announcing all-new Webcasts with experts airing LIVE at the eMoneyShow direct from The World MoneyShow Toronto!

Featured Book: Financial Recovery in a Fragile World

Financial Recovery in a Fragile World Authors: Robert Ironside and Al Emid with Evelyn Jacks A Beginner's Guide to Investing in a New World Economy It's going to Take Insight and Wisdom. If you need some, pick up this book!   SAVE $10 if you buy before October 23, 2012!

Master Your Skills

MFA - Business Services Specialist Baby boomers are transitioning into retirement and demanding real wealth management like never before and they want to entrust one person to help them move from the working world to the one after it. Be that one!

Why Patricia Croft is a “Canadian-dollar bull”

 Veteran economist Patricia Croft admits it: she is a Canadian-dollar bull. "Parity against the U.S. dollar is the new normal,” she says.
 
 
 
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%