Late Filing Penalties: Talk About It!
While most T1 returns are in the hands of the Canada Revenue Agency (CRA) by April 30, we know many are not. In fact, millions of returns were still outstanding as of mid-May. Late-filing clients they need to know about the consequences, especially if they owe. Here’s a rundown to be aware of:From Proprietorship to Corporation - When is the Best Time to Incorporate?
The dog days of summer are a great time for the Tax Specialist to review 2014 returns for Proprietors and Partnerships to determine whether it is time for some of these taxpayers to consider incorporating their business and removing their business from their personal tax return. But when is the best time to incorporate?
The Mentorship Series: Stories About Distinguished Advisors’ Unique Value Proposition
FOR IMMEDIATE RELEASE – Tax and financial advisors are under the microscope for their performance, competency and high value. Hear the stories of distinguished professionals who are unafraid to embrace the new challenges of regulation and change.
Spotlight Series: Yasemin Aygun , DFA-Tax Services Specialist, is part of a network of change agents
Yasemin Aygun, owner of Bookkeeping Bizz in North York, Ontario, offers bookkeeping, payroll, and tax and advisory services through her firm. A recent graduate of the Knowledge Bureau’s DFA-Tax Services Specialist designation, she knows how valuable professional development is in helping her differentiate her firm from other financial advisors.
DAC Agenda Released: 18 Distinguished Speakers Take On Cutting Edge Topics
Winnipeg, MB - Top tax and wealth advisors from across Canada will travel to Puerto Vallarta later this fall to participate in a strategic think tank on the challenge of building multi-generational relationships in a global environment in which digital communications both enhance opportunities and present new risks.
Brief Clients About CRA Fraud And E-Mail Scams
It’s a warm summer day. You’re relaxing in the yard and wondering what could possibly make this day better. And then, out of the blue, you receive an e-mail from Canada Revenue Agency stating that they’ve discovered they owe you money! Could this be true? Or, do you need to wake up and smell the coffee . . . .? There are two scams in particular to brief your clients about: Refund and Collection Scams.
Adjusted Family Tax Cut: Was Spouse A Student?
Last week, CRA reminded families to apply for the generous new Universal Child Care Benefit (UCCB) being delivered to families this week. But there may also be more good news: enhanced Family Tax Cut dollars available for the 2014 tax filing year for families in which one spouse was a full- or part-time student... $2 to $750 more in fact.
