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:

What is the Maximum Claim for the Disability Amount?

The maximum federal claim for 2014 is $7,766 per adult dependant.

Tax Expert Cheryl Norton Strategizes With the $800,000 Capital Gains Deduction at DAC

Cheryl Norton brings her expertise on tax-efficient business exits to the 2014 Distinguished Advisor Conference as part of Tax Planning for the BIG Exit: Thinking Big With the $800,000 Capital Gains Deduction.

Bull or No Bull: Can You Tell?

In Managing the Bull, sophisticated (and common sense) insider financial strategies and processes are made easy to understand in a compelling and fun approach.

Become More Astute In Payroll Compliance

Can you manage the entire payroll cycle? Can you increase the after-tax results for employees? Find out how with the newly updated Advanced Payroll course.

Build Your Business. Train Your Staff. Attract New Customers.

Want to open your own tax preparation or bookkeeping business? Need to train your staff? Become a Distinguished Financial Advisor – receive 50% off your first designation course!

Employment Insurance Should Not Be Subject to Clawback

Of the 216 votes in our June 2014, 65% of KBR voters strongly voiced their opinion in our against employment insurance being subject to a clawback on the tax return.
 
 
 
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%