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.

Thumbs Down: Few Pros Think Families Will Save Tax Cut Dollars

Knowledge Bureau’s November Poll Question attracted close to 200 respondents to the question: Do You Think the New Family Tax Cut Provisions will Help Canadian Families Save and Invest More for the Future?

Knowledge Bureau Designate Highlight: Patricia Bailey

Grow your business with the DFA - Tax Services Specialist™ Designation. Join Knowledge Bureau in congratulating Patricia Bailey in achieving her DFA - Tax Services Specialist™ Designation. Patricia Bailey DFA - Tax Services Specialist™. "My clients are more confident in the work I do for them because of this designation" Patricia is located in Milton, Ontario. Her company is approximately 3 years old with a growing client base. “Achieving this designation has equipped me with the knowledge needed to grow and succeed.”