Mark Your Calendar: Critical Deadlines for May and June

Tax season never truly ends, it seems, as there are many more upcoming tax filing, investment planning and education milestones to discuss with your clients over the next six months. Check out our handy checklist below and then test yourself – what are the conversation openers you’ll use and with which clients? It’s your opportunity to shine with every member of the household:

The RRSP Savings Calculator provides quick answers about the potential tax savings that can be obtained through an RRSP contribution as well as the consequences of borrowing to make that contribution.

Find the sweet spots in wealth management at our 11th annual Distinguished Advisor Conference, November 9-12 in beautiful Horseshoe Bay, Texas. Receive best rates when you reserve your spot by February 15.

Detailed draft legislative proposals and explanatory notes were released January 9 by Finance Canada to provide guidance on the proposed new rules. Public comment was invited, but must be submitted by February 10. Some highlights of the proposals follow...

Paying taxes is a sign of good fortune in Canada. You may be surprised to know that about one third of Canadians do not pay taxes, but of the two thirds that do, an average of 84% of income was left after taxes.

In Coveley v. The Queen the Tax Court of Canada (TCC) had to decide whether certain allowable business investment losses (ABILs) claimed in the 2005 and 2006 taxation years by a couple who owned a business were correct. 

I was so glad to hear from Russ, in response to last week’s blog. He shared that he had read my book; realized he missed claiming moving expenses and then adjusted his prior filed returns. To his delight, he received a $6600 refund – found money!  Good for you Russ!