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:Good News in Trust Proposals
On January 15, the Finance Department released legislative proposals, which amongst other things, changed contentious provisions related to the taxation of certain trusts and estates. Reproduced with permission is the following analysis of the proposals from guest contributor and tax expert Kim Moody.
Pre-Budget Consultations: Have You Added Your Thoughts?
Canadians have responded enthusiastically to the federal government’s pre-budget consultations; tens of thousands of Canadians have shared their thoughts, the highest-ever turnout for pre-budget consultations on record according to Finance Canada. Suggestions provided by Knowledge Bureau follow. Have you added your voice? It’s easy to do it online at the link above.
The Impact of Education and Aging on Real Wealth Management
When fewer, younger taxpayers must pay most of the taxes while looking after both the elderly and minors, it’s much more difficult for them to accumulate assets for their future, and get good returns on their investments in this environment of de-population.
Private Companies and Retail Investors Receive a Boost
It has become easier to raise money for private businesses in Canada. Securities regulators in five provinces—Alberta, BC, Saskatchewan, Manitoba, and New Brunswick—announced last week that they were adopting a prospectus exemption for issuers listed on a Canadian stock exchange. The opportunity: to raise money by distributing securities without the need for an expensive prescribed offering document.
Ten Disruptors Coming: Advisors’ Roles Must Change
The wealth management business of the past several years has been highlighted by great growth and profitable customers. According to new research from the US1, that’s about to change with 10 key disruptors on the horizon.
Life Purpose
“One small crack does not mean that you are broken, it means that you were put to the test and you didn’t fall apart” - Linda Poindexter.
