Knowledge Bureau Poll: Tax Cut Doesn’t Cut It!
The Notice of Ways and Means Motion was released on May 27, but the 1% tax rate cut going into effect on July 1, didn’t cut it with Knowledge Bureau Report readers who responded to our May Poll. A decisive 90% of respondents said “No” when asked: does the new government’s promise to cut the lowest personal income tax rate by 1% to 14%, (14.5% in 2025) go far enough to help Canadians impacted by high costs? Here were their comments and suggested alternatives based on real life experiences with the after-tax income their struggling clients are left with:Prescribed Interest Rates Remain Unchanged in Second Quarter
The CRA recently announced that the prescribed interest rates for the period April 1 to June 30, 2013 will remain unchanged from the previous quarter.
When Should Young People Learn Financial Literacy?
An interview with Evelyn Jacks, President, Knowledge Bureau, by Robert Martellacci, M.A. EdTech, President & Publisher, Mindshare Learning
Tax Audit Alert: Failure to Report Income Expensive
A business owner in Prince George, BC, Kewal Singh Raju (Raju), and his business, Raju Homes Ltd., plead guilty and were sentenced with hefty fines and jail time for income tax evasion. Raju was fined $113,164 and handed an 18 month Conditional Sentence Order. Raju Homes Ltd. was fined $74,366. The fines represent 75 percent of the taxes evaded.
Featured Faculty: Pat Foran
We are pleased to have Pat Foran, host CTV's Consumer Alert and author of The Smart, Savvy Young Consumer, as part of the Knowledge Bureau team. Learn more about Pat and read an excerpt from the Canadian bestseller The Smart, Savvy Young Consumer.
Featured Course: Advanced Tax Preparation and Research
Be the most highly professional tax practitioner with excellent investigative skills (conducting the most exhaustive client interviews) and the best research skills (knowing when and where to look for help). This course is fully updated to the most current Federal Budget!
Featured Book: Financial Recovery in a Fragile World
Learn how to embrace and improve your personal and family net worth in a time of great change. You'll be well positioned to benefit from opportunities in the new financial world evolving around you. This book can be a great resource for clients wanting more information on investment strategies! Order by Mar. 26 to take advantage of our boxes of books special!
