The Lucrative Disability Tax Credit

Did you know that the Disability Tax Credit is not only lucrative when it is claimed on the tax return, but it is required to enable fifteen other provisions on the return. There is so much money left on the table when this provision is missed. Here are the additional provisions, and why working with a DMA™ Personal Tax Services Specialist is so important. In fact, it’s not too late to get this credential yourself before the start of the tax season.   

Tax Tip Toolkit: Need Fast Answers to Tax Questions?

Did you know that CRA has fielded over 8 million calls in past tax seasons, often with complaints as to wait times and quality of their answers?  Perhaps that’s the reason their phone number has been removed from the tax return this year, preferring to sending people to the their website instead.  But when 25% of Canada’s 32 million taxfilers must rely on current, accurate and prompt answers to their tax questions in a very short period of time, professionals will have to pick up the slack.  Fortunately, you can cover your bases with The Tax Tip Toolkit, which includes access to  Evergreen Explanatory Notes, your authoritative tax research library. Plus, the Knowledge Bureau Discovery Calculators. Subscribe now!

Celebrating Tax Specialists

Tax specialists are in high demand.  Did you know that in Edmonton a tax preparer with 0 to 3 years of experience can make $56,888 - $81,231?   In Vancouver the amount is somewhat higher - $57,720 - $82,420 and in Winnipeg from $54,390 - $77,665.  It’s a great profession and now you can train at home, online, 24/7, to get into the marketplace with Knowledge Bureau’s DMA™-Personal Tax Services Specialist Program, and learn how to use professional tax software, too.  Check out the program guides to the six certificate courses in the program, available online and our student testimonials, too!

The Advanced Tax Update Knowledge Journal

Get your desktop Advanced T1 Tax Update for 2023 Returns Knowledge Journal now – a crucial reference for the upcoming tax season!  What’s in it and why it’s an invaluable tax season resource appears below; only $395. Order today!

Advanced 2024 T1 Tax Update for 2023 Returns… Now On Tour!

Drill down on all the latest tax news from CRA and Finance Canada at the Advanced T1 Tax Update Tour, coming to Toronto January 24 and Calgary January 26. There are so many changes that will affect your clients:  the Anti-flipping rules for principle residences, the new Short Term Rental rules, the Alternative Minimum Tax, the Multigenerational Home Renovation Tax Credit, the Intergenerational Business Transfer Rules and so much more.  Plus, it’s a unique peer-to-peer learning opportunity! Can you really afford to miss it?

The Next RWM™ Meeting of the Minds: February 8, 10am CST

Artificial Intelligence, climate crisis, tax reporting changes, economic uncertainty, decade high interest rates and inflation, and a looming cost of living crisis…there is no denying the fact that uncertainty and a lot of emotions were at play throughout 2023, where many Real Wealth Management lifestyle, financial, and economic triggers jeopardized our client’s wealth sustainability.  Please join us to hear more about the current Real Wealth Management Triggers that may be impacting your client’s holistic real wealth management plan today at our 360° Real Wealth Management Trigger Tour on February 8 at 10 am CST.

Advanced 2024 T1 Tax Update Course Now Available!

Did you miss the January 17 Virtual CE Summit? There are still ways to get your hands on the knowledge from the Advanced 2024 T1 Tax Update for 2023 Returns and learn your way, at your own pace from the convenience of your home or office.
 
{newsroom_ad} {/newsroom_ad}
 
Knowledge Bureau Poll Question

It costs a lot more to go to work these days. Should the Canada Employment Credit of $1501 for 2026 be raised higher to account for this?

  • Yes
    58 votes
    86.57%
  • No
    9 votes
    13.43%