Canadian Dental Care Plan Renewal Deadline Approaches

Know Your Client!   It’s a daily commitment and requirement, especially in the work that financial advisors do with their clients.   It’s imperative that you ask about any significant changes in their lives. Has there been a significant new event:   a move to take a new job or go to university, a marriage or divorce, a new birth, a disability or a death? And, in the case of income tested benefits such as the Canadian Dental Care Plan, (CDCP) do they qualify?  Did they file their tax return on time to get it?  Do you know the deadlines for doing so?  Do you know when coverage ends if your client now longer qualifies?

In many ways, Canadians have put the Great Recession behind them. Yet, the cloud of global uncertainty is casting a pall on Canadians’ expectations and businesses’ spending.

If you have a new relationship in your life, it’s important — although often not the first priority — to understand the tax consequences of living with your sweetheart in a family unit.

A recent Supreme Court of Canada (SCC) decision Canada v. GlaxoSmithKline Inc., 2012 SCC 52, adopts a broad test for transfer pricing, which may provide multinational corporations a new strategy for mitigating taxes, namely, transferring funds to sister companies in lower-tax jurisdictions.

Pursuant to Section 133 of the Constitution Act 1867, the Parliament of Canada is required to pass all legislation in French and English, with both versions having equal force.

The Canada Revenue Agency (CRA) has been charged with reducing red tape and making it easier for small businesses to do business.

Save $10 if you buy before October 30, 2012!