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:

Featured Course: Advanced Tax Preparation and Research

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Featured Book: Financial Recovery in a Fragile World

Learn how to embrace and improve your personal and family net worth in a time of great change. You'll be well positioned to benefit from opportunities in the new financial world evolving around you. This book can be a great resource for clients wanting more information on investment strategies! Order by Mar. 26 to take advantage of our boxes of books special!

Featured Event: Distinguished Advisor Conference

Help us celebrate 10 years of cutting edge professional development and seize the opportunity: be there to think strategically with top advisors at the DAC in beautiful Ojai, California, November 10-13, 2013.

The Ying and the Yang for Small Business Owners, Investors, and Trusts

There was good news and bad news for small business corporations and investors in this budget. Here are the details of those provisions and other tax news for farmers and investors.

Interesting Budget Changes Planned for Small Business Owners

If you are a small business owner taking dividends out of your business, the federal budget has handed you a good news/bad news story.

Personal Tax Changes for Younger Tax Filers

The March 21, 2013 federal budget made two significant personal tax changes for younger taxpayers: the adoption expense tax credit has been expanded and for new charitable givers, there is a super credit, plus there is a new penalty for schemers.
 
 
 
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
    44 votes
    93.62%
  • No
    3 votes
    6.38%