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.

The changes to the CPP agreed upon this week by eight of Canada’s Finance Ministers (Quebec and Manitoba have not yet agreed), will help Canadians contemplate how much is enough for their retirement. To answer this question, it is important to first reflect on longevity statistics in Canada and, second, on the amount of money required for adequate income in retirement.

We love sharing feedback from our recent graduates. This week we feature the success of Mrs. Delores Moskal from Yorkton, Saskatchewan, who recently graduated from the Business Valuation for Advisors course.

Knowledge Bureau is pleased to announce that Craig Dowden, the top-rated speaker at DAC 2015, will speak at this year’s Distinguished Advisor Conference, Nov. 6-9 in San Diego. Early registration is now open until June 30. An outstanding agenda of 18 illustrious speakers has now been released.

The quest for highly qualified, professional bookkeepers with sharp tax knowledge and financial stewardship skills is an important one, yet they are hard to find.  Knowledge Bureau’s professional certification and designation programs fill that gap and add value to tax, bookkeeping and financial services offices.

"It is neither wealth nor splendor; but tranquility and occupation which give you happiness." Thomas Jefferson

Whenever possible, avoid adding a large lump sum to your taxable income in one tax year.  This can be especially problematic when a severance package or termination payment on retirement is received.