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.

Year-End Tax Secrets: Mutual Funds

Mutual funds are common investments but can often cause some tax confusion, particularly because investors don’t understand their real returns from these investments, after fees and taxes.

Two Hot Tax Tips for Year-End Planning

If you want your clients to start 2017 on a sound financial footing, you’ll help them with the one BIG thing they can do before year-end to keep more money in their pockets in 2016: reduce their taxes with these two smart tips for tax savings.

Financing for Start-ups: There Are More Options Than You Think

Seeking the best solution to finance your start-up venture is essential to the long-term success of your business. The right solution depends on the current needs of the business, as well as those you anticipate in the future.

It’s Not Too Late: Register Now for the Distinguished Advisor Workshop

The Distinguished Advisor Workshops, fall edition, begin Thursday in Vancouver—a great way to earn 10 CE credits and officially start adding value to your client relationships with sound year-end tax planning opportunities. This is your chance to listen to top industry experts, learn from peer-to-peer interactions, and ask your most burning questions.

Owner-Managers Want Professionals to Guide Them Proactively

Are you being proactive in giving advice to your business-owner clients? Or is your work simply reactive to the transactions you are recording? Knowledge Bureau’s Managerial Accounting course trains advisors to better assist business owners with decision-making by being strategic and forthcoming with an interpretation of the information in the financial statements.

Life Purpose

"In order to carry a positive action we must develop here a positive vision." Dalai Lama
 
 
 
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
    8 votes
    53.33%
  • No
    7 votes
    46.67%