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.Increased Capital Gains Inclusion Rates Coming?
Most respondents to Knowledge Bureau’s final poll of 2016 answered yes when asked, “Do you think the 2017 federal budget will increase capital gains income inclusion rates to raise tax dollars?” We’ll have to wait for the details of the budget, expected early in the new year, to see what actually happens. Only 41% said no to the question.
Taxing the Rich: Will the Desired Results Occur?
President-elect Donald Trump will soon celebrate his inauguration and with his ascent to power, he has promised to reduce marginal tax rates, cut taxes, and allow businesses to expense new investments rather than deducting interest costs. In Canada, meanwhile, we await a new federal budget. What happens in the U.S., however, is relevant and could shape future taxation policies in Canada.
2017 Tax Tips: Plan for Your Tax Refund. . .But File Accurately First
Did you know that last tax filing season, the average tax refund was just under $1,800, ($1740 actually) or about $150 a month? That’s a lot of money to give to the government on an interest-free basis. Make a new year’s resolution for 2017: pay only the correct taxes owing and invest the rest.
T1 Tax Bootcamp for Pros: Register Now
If you’re a tax professional, you can’t afford to miss this: Knowledge Bureau’s Annual Advanced Personal Tax Update is coming soon, January 17-25, 2017, in six cities across Canada. Early-registration savings end January 10. Reserve now to guarantee your spot and do your pre-reading for this comprehensive certificate workshop featuring 10 CE-CPD credits.
Accountants Must Get Source Deductions Right
Payroll must be right and it must be on time for two reasons: to keep your employees and to keep out of expensive and time-consuming audits from CRA. That’s way it can be a sound investment for any small business to insist on professional certification in advanced payroll management.
People in the News
"Shortly after completing my DFA designation program, I was approached by a Turbo Tax recruiter to apply as a remote tax advisor. After completing their application process of a written exam and phone interviews I was offered the position over the other 700 plus applicants." Liam Pollard, MFA™, DFA - Tax Services Specialist™, Saskatchewan
