News Room

No More Sworn Testimony, But Audits Are Still Stress Inducing

“That” Phrase: it’s one no taxpayer wants to hear – digitally or otherwise. “You’re being audited.” If you’ve had to deliver that news you’ll know that the reaction can range from indignity to shock to panic. Based on the latest piece of legislation before Parliament, you might have to tell more of your clients to buckle up, it’s going to be a bumpy ride. CRA will now have greater powers. Consider this:

The Power of the TFSA

As the calendar year changed on January 1, so did the Tax Free Savings Account (TFSA) contribution room available to all adult residents of Canada. 

It’s Cheaper to Drive in Alberta!

CRA recently published the prescribed allowable mileage rates for simplified travel deductions and determined that it was cheaper to drive in Alberta in 2014 than the previous year. 

TD1: Important for New Employees

2015 TD1, Personal Tax Credit Return and T1213, Request to Reduce Tax Deductions at Source for Year(s) ___

Don’t Miss It: Professional T1 Tax Update January 20 - 23

Secure your spot at the Knowledge Bureau’s Comprehensive Day Long Tax Update!  

DAC 2015 is Heading to Puerto Vallarta, Mexico

The Westin Resort and Spa has just been announced as the venue for Distinguished Advisors Conference (DAC) 2015!

T2 Micro Course Graduate Highlight: Maria Cannizzaro

According to Maria Cannizzaro of Montreal, PQ, the T2 Corporate Tax Preparation for Micro Business Course taken with Knowledge Bureau is the “most exciting and motivating course” she has ever taken.
 
 
 
Knowledge Bureau Poll Question

Do you agree that public trustees, guardians and departments supporting Indigenous Services should be able to certify impairments for the Disability Tax Credit?

  • Yes
    12 votes
    25%
  • No
    36 votes
    75%