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.
Back in December 2016, the CRA announced that it considered the payment of fees for registered accounts from non-registered accounts as an “advantage” and would tax accordingly, starting in 2018. They have now changed their minds.
Small businesses are the backbone of the Canadian economy, accounting for *98% of businesses in the country. Accountants and bookkeepers are critical advisors to these small business owners, helping contribute to the company’s success. Managing business finances can be quite stressful for business owners, as handling the books on their own is often intimidating and quite a burden.
If the weather and flu season is already getting you down, remember it’s not too late to join us in sunny Puerto Vallarta for the Distinguished Advisor Conference. We’d like to take this special opportunity to thank our wonderful sponsors who have made it possible for the outstanding educational sessions and speakers to deliver cutting-edge insights at the event. Most importantly, the networking events are outstanding. Your next big business opportunities await you.
In 2017, legislation was passed introducing new tax on split income (TOSI) rules in effect for 2018.* Understanding TOSI and the new changes is vital to protect those who receive distributions from a private corporation from audit risk. Here are the changes you need to know:
Gratitude is a powerful force. When we take the time to focus on the abundance of good fortune we have, it can have a really positive affect on our personal outlook and the relationships around us. With Thanksgiving just around the corner, please accept our wish for the joy of gratitude as you share time with friends and family, and a sincere thank you for making Knowledge Bureau your educational home. We are grateful and we would like to share a gift with you.
Will you be in Toronto October 28? Then make sure you reserve your spot at the next Vantage Series Event on October 28 at the National Club. Get up close and personal with top CEOs on Bay Street and beyond, as they give you their views on future of wealth management. Don’t miss this opportunity to meet the leaders who will share insightful “aha” moments with you. Here are the details: