October 1 - Important Changes Coming to VDP
Effective October 1, 2025, important changes will be made to the Voluntary Disclosures Program (VDP) at the CRA in order to make it easier for taxpayers to correct unintentional filing errors or omissions. The details on how the changes will affect your clients are being discussed in the CE Summit held September 17 and this course is now available for online enrolment and CE accreditation, after the virtual event. Here are some highlights of the changes.Canada Responsible for Own Economic Growth
Canada has weathered the global financial crisis well because of its inflation policies, a resilient financial system, and timely fiscal stimulus.
Director Held Personally Liable
Can directors and officers be held personally responsible for the actions or omissions of their companies? The answer was yes in the case of Shoppers Drug Mart Inc. v 6470360 Canada Inc.
Evelyn Jacks: Poverty and Real Wealth Management: It Begins with Tax Literacy
Can the principles of Real Wealth Management™ apply to family units affected by the dark cycles of poverty, or a profound lack of trust in the family? This is a question I was recently asked and happy to respond: yes.
Grad Spotlight - Lucie’s Designation Strengthens Her Business
Lucie Hansom earned her DFA-Tax Services Specialist designation in 2012 and in 2013 attended her first Distinguished Advisor Conference. We are pleased to have Lucie as one of our distinguished grads.
Support for Children
For all agreements or court orders after May 1997, child support payments are not taxable to the recipient or deductible by the payor. For income tax purposes, any support stipulated in an agreement or court order is deemed to be child support if it is not identified as spousal support.
RRSP Payment as Pension Income
When is an RRSP payment considered to be a pension for the purposes of completing public insurance, nursing home per-diems and other application forms?
