Helping First Nations, Inuit and Metis with Tax Filing

The Canada Revenue Agency is trying to reach out to Canada’s First Nations, Inuit and Metis to encourage them to file their tax forms on time and could use your help to make sure these communities get all the tax benefits they are entitled to. But filing tax returns are not always easy, especially when there is income on and off the reserve.

Tax professionals have had an important say about CRA’s services, but the best news coming out of the CRA’s recent comments on results is that communication will become easier. The Dedicated Telephone Service (DTS) Annual Survey revealed most pros were satisfied with the service they received using this phone line, but also had a number of service standard improvement suggestions, which the CRA has promised to address.  Here’s what the pros said:

Knowledge Bureau is pleased to announce that Frank Ryan, B. Sc. (hons), MBA, P.Geo., CEBS®, ISCEBS Fellow, Financial Advisor & Certified Employee Benefits Specialist of Ryco Financial in St. John’s, NL , has been selected as the 2020 winner of the Distinguished New Advisor Award. The award will be presented virtually at the Distinguished Advisor Conference (DAC) on October 28th.    

It is a time of great opportunity to test our collective financial resilience, and financial advisors on the front lines of financial wellness will be better prepared to do so with the keen insights and bold thinking of 21 expert speakers at the 17th Annual Distinguished Advisor Conference (DAC) presented by Knowledge Bureau, October 28-30. 

Knowledge Bureau has made it easier for you to register virtually, 24/7 in online courses and to calculate the tuition fee schedule that is right for your budget.  Check out the new online instalment payment calculator and the brand-new Virtual Registrar. It’s the perfect way for night owls and weekend warriors to get started!

In a lengthy Throne Speech, the Governor General highlighted the extensive and potentially expensive plans the federal government envisions for economic recovery to “Build Back Better”, all in the midst an unprecedented global pandemic. Further fiscal details and cost projections are promised to be delivered in an Economic Response Plan later this fall. What’s especially interesting is a glimpse at big changes in practice management ahead for the tax preparation industry. Highlights follow.

As part of the September 23, 2020 Speech from the Throne, the government committed to several goals concerning zero-emission vehicles. The intention is to improve affordability and encourage manufacturing of these products by cutting the corporate tax rate for those making zero-emission products by a proposed 50%.