News Room

New Consultations: Modernizing Tax Rules for Charities

As the last remnants of a scrumptious Thanksgiving weekend subside, it is appropriate to take a look at the health and issues surrounding the charitable sector in Canada.  Serendipitously, the federal government is seeking your views on how the tax rules for registered charities and the Canada Revenue Agency’s (CRA) administration of these rules could be modernized.  A new consultation was launched on October 8 and here’s what the government wants to know, by December 3, 2026:

New $5 and $10 Bills to Start Circulating in 2013

The Bank of Canada unveiled the latest and last of the new redesigned polymer bank notes this week. The $5 and $10 polymer notes will complete the series that began with the $100 note in November 2011.

Lost Your Job? Use an RRSP Strategy

Employees who leave their jobs and receive retiring allowances should include an RRSP strategy in their planning to keep more of that money.

Featured Event: Distinguished Advisor Workshop – Audit Defence Bootcamp

Tax audit season begins soon! Ensure you're prepared for any appeal with our Audit Defence Bootcamp. Coming to a city near you this month!

A Perfect Graduation Gift

The Smart, Savvy Young Consumer provides "must-have" financial education for a new generation! It's about launching a financial life with the knowledge and skills to make responsible decisions. A perfect graduation gift for young adults ready to go out on their own. Buy 3 books, get 1 free! Use PromoCode: KBRSPECIAL.

Featured Course: Tax Planning for Corporate Owner-Managers

Advise private business owners and managers about the best way to manage their compensation to maximize the amount of after-tax income available. Gain a solid understanding of options available when constructing compensation packages, of the salary-dividend-bonus mix to maximize tax efficiency, and of constraints imposed by income tax and other laws so you can provide sound advice to your clients on compensation planning all year long.

Featured Tool: EverGreen Explanatory Notes

EverGreen is your ever-current online resource for answers to tax questions about personal and corporate tax and the GST. Be more efficient with the most current information you need just a few clicks away. View the free demo today!
 
 
 
Knowledge Bureau Poll Question

In your view, should Canadians be able to write off more of their out-of-pocket medical expense costs? What amount would be appropriate?

  • Yes
    38 votes
    92.68%
  • No
    3 votes
    7.32%