Bill C-31: Royal Asset and New CRA Powers Could Come Soon
Changes are coming to the Income Tax Act and both you and your clients will all be affected with new tax risks including longer tax audits. Bill C-31, which passed second reading in the House of Commons on June 3 and is now at committee stage, contains elements of previous Federal Budgets that will expand the CRA’s compliance and enforcement powers. Here’s what you need to know and pass along to your clients:11 More Ways To Measure A Truly Rewarding Life
How important are a tax and financial advisor’s “soft skills?” Having deeper conversations about many life components, other than finance, can be an important first step in improving your clients’ lives.
Closing the Wealth Inequality Gap: Seven Key Questions
The old adage says that “money can’t buy happiness.” This is now statistically true.
GREAT GRADS! Top Five Tips to Reduce Anxiety About Public Speaking
Millennials (ages 18 to 35) are confident in their abilities and fairly optimistic about the future, but they have greater stress levels than any other generation before them. Why? Despite their many traits for success—ambition, drive and the ability to work hard—it is difficult for them to find opportunities to prove themselves.
On The Move? Tax Relief Can Reduce Financial Stress
Summer is here and it’s moving season. Exciting yet stressful, this life event can be lucrative from a tax viewpoint.
Trees Win, But Average Tax Refund Up To $1,729
For the 2015 tax filing season, the average Canadian overpaid their taxes by $1,729 during the year—that’s just over $140 a month that’s not going into TFSAs, RRSPs, RESPs, RDSPs, or non-registered accounts to benefit Canadian families in their future.
New Form Defines Tax Exemptions for Status Indians
When is employment income earned by an Aboriginal person exempt from income tax?
