News Room

Wildfires: Apply for Taxpayer Relief Provisions

It may not be the first concern, but Canadians affected by wildfires may worry at some point about the tax consequences of lost records or missed filing deadlines – the next one on June 16 for those filing T1 returns with proprietorship income. Fortunately, the CRA offers Taxpayer Relief Provisions when there are circumstances beyond a taxpayer’s control, including natural disasters, serious illness or death in the family, or errors made by the CRA, which may trigger penalties and interest due to late or incomplete tax filings. Here’s what you need to know.

Canadians Are Spending on Housing

Albertans lead the country on spending money, based on a new survey on household spending released at the end of January by Statistics Canada.  The figures are indicative of tax and financial planning opportunities required by families at all ages.

End-To-End Advisor-Client Experience Important

The RRSP deadline for those making contributions to reduce their 2016 tax liability is fast approaching: midnight March 1.  It’s important to get this done on time as a good Plan A, but also, to do so in conjunction with a long term financial planning outlook, as an even more important go-forward plan.

DAC CANADA150 Financial Trivia Question for February

You have another chance to answer our Canadian Trivia Question and win a free registration to Distinguished Advanced Conference (DAC), November 5-8 in Kelowna, British Columbia.

DAC Tackles Financial Advice at Crossroads of Change

The headlines around the world have been intense and for some, disturbing, over the last several weeks as borders have closed and diversity, financial and judicial systems have been challenged by change.  What does the future hold for Canadian investors and their advisors as a result of this uncertainty? 

After Basic Bookkeeping, Advanced Bookkeeping Is the Logical Next Step

Knowledge Bureau’s Advanced Bookkeeping for Multiple Business course is the logical next step for any bookkeeper to up their game and forge ahead in their career.

People in the News

Providing value to your clients: Andre Yong Tit Kow, DFA - Tax Services Specialist™, Ontario
 
 
 
Knowledge Bureau Poll Question

Are your clients owed money by CRA? As of March 31, 2025, the CRA holds about 10.2 million uncashed cheques totalling $1.7 billion. In your view, why is this happening?

  • Yes
    6 votes
    46.15%
  • No
    7 votes
    53.85%