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.
Should corporate owner-managers be removing corporate assets before year-end in defense of the passive investment income rules? How has retirement income planning changed based on new tax laws? Those are just some of the questions you’ll learn answers to at the November CE Summits, featuring special guest tax expert, Larry Frostiak.
Investing in assets that have the potential to accrue in value can come with both risks and rewards. From a tax point of view, a capital gain on those assets has two distinct advantages: there is no taxation on accrued values until disposition (actual or deemed), and only one half of the gains are added to taxable income. Here’s why it’s important to fully understand the advantages:
It’s hot off the press and available online! Back by popular demand is Knowledge Bureau’s All Course Catalogue to provide you with everything you need to know about our education programs all in one convenient place, with all the details you need to make the right educational decision for your professional development and team training.
Stay ahead of your competition, re-think your business objectives more strategically, armed with new knowledge about economic forecasts, portfolio management, investment, retirement and tax in the personal, corporate, trust and cross-border space. DAC, and the great line-up of compelling speakers will show you how to get more customers and have stronger ties to your existing ones. This is your opportunity to be part of the pre-eminent conference for leaders in the financial services. Learn more about the speakers and partners who will inspire you on days 2 and 3 of DAC 2019.
As long as there are businesses, there will be a need for bookkeepers. According to the Department of Employment and Social Development Canada (ESDC)*, the outlook for employment opportunities for Bookkeepers over the next three years looks promising for those looking to join the industry or continue in it. Out of 13 provinces and territories, 8 have a “fair” outlook for employment opportunities, while Nova Scotia, New Brunswick, Quebec, Manitoba, and the Yukon Territories all have “good” employment outlooks. Here are the top 10 reasons to consider a career in Bookkeeping:
As predicted by bond rates, the interest rate due on overdue taxes and the prescribed interest rate for non-arm’s length loans remains unchanged for the third quarter of 2019. However, these interest rates still have a significant impact on 2019 tax planning, particularly for those who want to avoid undue balances owing to the CRA. Knowledge Bureau’s Income Tax Estimator can help taxpayers and their tax pros employ tax-efficient strategies that reduce income tax owing that could be subject to interest.