When CRA officially opened the electronic floodgates on tax filing season on February 23 this year, it was with a number of pieces of news. Did you know, for example, that the GST/HST Credit has now been officially renamed the Canada Groceries and Essentials Benefit (CGEB)? You get it by filing a tax return and interacting with CRA’s new digital services, which unfortunately still refer to the old name – the GST/HST Credit. It’s just one of those “game changers” that make Real Tax News with Evelyn Jacks and Friends, starting this week for its second season, so valuable to Canadians.
The “gig economy” is on the rise, it is estimated that close to 45% of the workforce in North America is now self-employed and more specifically, 40% of Millennials in Canada. A new course from Knowledge Bureau is providing tax and bookkeeping practitioners with the critical skills to help these new “solopreneurs” in multiple sectors: builders, retail outlets, importers/exporters and a variety of agricultural ventures as well as non-profits.
Are you a regular, raving fan and attendee of the CE Summits? Now is the right time to RSVP and secure your spot at the lowest tuition fees. Act by March 1 and save over $230 on the next four events. Coming up next: the annual Post-Budget Overview and its effect on Retirement & Estate Planning. Here’s a look at the speaker lineup:
Are you frustrated with long wait times for CRA responses or unsure if the answers you have been given are right? Although the CRA has recently hired a third party to give “general” answers about pandemic supports on the T1, professionals need to be precise when filing. Having fast, authoritative access to tax questions helps down the line at tax audit time, too. That’s the role of Evergreen Explanatory Notes, available 24/7, in your professional toolkit.
Now is the right time to consider a career in professional bookkeeping, as small business owners in Canada need your help to navigate the repercussions of the pandemic and its fallout. Meet the high demand for qualified practitioners to take the burden of bookkeeping and CRA remittances off their shoulders. Become a credentialled bookkeeping services specialist.
Tax is a trigger for affluent families, especially now, when higher taxes may loom in the future. Tax and financial advisors ultimately need to be able to expertly calculate capital gains and losses on the disposition of assets and properly report income transactions along the way. But, it is in the planning for tax efficiency that differentiates a “great” advisor from the rest. This newly updated course is here to provide help during these turbulent times.
Our Valentine’s Day Special is a seasonal tax training package, at a price you’ll love. Take any 3 suggested courses for $1,995 - save 25%. This is a great opportunity for business owners looking to increase revenues this tax season, or for people looking to earn extra income. Visit the Virtual Registrar to enrol by the February 28 deadline, and check out our suggested training options for individuals and firms.