June 30 Tax Deadline is Looming for Non-Residents
An important deadline is approaching for non-residents with certain Canadian-source income. June 30 is the deadline to file elected returns under Section 216 (pertaining to rental income) and Section 217 (pertaining to Canadian source pension income). There may be significant consequences for missing this deadline as returns received after this date, generally aren’t accepted. Here’s what you need to know:TAX TIP: Top Three Tax Investments for Education Funding
Statistics Canada reports that an undergraduate degree costs close to $6200 but according to a new study, 80% of parents don’t know that. Worse, most parents are poorly informed about tax efficient ways to save, especially weak on RESP knowledge. This is a great opportunity for tax and financial advisors to add significant value.
