News Room

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:

Toothache? Backpain? See Your Doctors as Part of Year-End Planning

Got a toothache? Need more prescriptions? When you move up your medical appointments to before year-end, you may also increase your tax refund. That makes a visit to your dentist, eye doctor, or medical doctor a tax wise strategy at year-end.

Evelyn Jacks: Looking Back – and Forward on Innovation in Tax

I am excited about our upcoming national workshop tours with Cameron Peters, President of Trilogy Software, Larry Frostiak, FCA, and Alan Rowell, MFA, DFA-Tax Services Specialist.

TFSAs: A Part of Sound Year-End Planning

With year-end tax planning now in our thoughts, one investment option to consider is the Tax Free Savings Account (TFSA). 

Income After Death

What happens with income earned after death? Most payments received by the deceased after death will have to be returned.

How much of my training costs can I claim as a business deduction?

Training costs will not be deductible if they are considered to be “capital” in nature—that is, if they result in a lasting benefit to the taxpayer.

Review Disability Tax Credit Forms with Doctors

The Disability Tax Credit is lucrative—be sure to take the time to review the Disability Tax Credit Certificate (Form T2201) with your doctor.
 
 
 
Knowledge Bureau Poll Question

According to CRA, Canadians experience improved service delivery and responsiveness from the CRA this tax season. Do you agree?

  • Yes
    10 votes
    8.06%
  • No
    114 votes
    91.94%