Late Filing Penalties: Talk About It!

While most T1 returns are in the hands of the Canada Revenue Agency (CRA) by April 30, we know many are not. In fact, millions of returns were still outstanding as of mid-May. Late-filing clients they need to know about the consequences, especially if they owe. Here’s a rundown to be aware of:

A new type of private pension plan is available in federal workplaces this year and some workplaces in the Yukon, Nunavut, and Northwest Territories: the Pooled Retirement Pension Plan (PRPP).

Employees may be presented with an opportunity to purchase shares in the employer’s corporation at some future date, but at a price set at the time the option was granted. This is known as the exercise price.

Knowledge Bureau has 14 online tax calculators that can help you and your clients with last minute tax and retirement planning for 2013. Get the answers needed to make sound year-end financial decisions. Try them today risk-free!

Build your tax acumen and ability to produce accurate tax returns for your clients this tax season. Enrol you and your team today for Personal Tax Bootcamp and ensure your entire staff is in tip-top shape. Last chance to register is January 6!

Move your skills beyond basic transaction data entry to developing a complete set of books for a variety of different businesses. Enrol in Advanced Bookkeeping for Multiple Businesses today.

Just in time for the holidays, Jacks on Tax is available to purchase for the “do-it-yourselfers” in your life. This easy-to-read guide will help you save both time and money by understanding the tax return and will show you how to take better control of your family’s financial affairs. This best-selling tax guide has been updated to the new tax filing rules. Get your copy today!