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:

The 2015 Distinguished Advisor Conference agenda is coming together nicely. Come think strategically with hundreds of top advisors from across Canada who strive to embrace the challenge of building on client relationships from afar.

Seniors will see an increase in their monthly OAS cheques in July, but they’ll have to resort to the 99-cent menu to buy anything with the extra pension.

Royal Assent was given on June 24, 2015, for the measures announced in the April 21 federal budget, thereby officially legislating the Economic Action Plan 2015 Act, No.1.

The number of family businesses in Canada is growing! Yet, there are real issues around succession, business valuation and the financing of heirs that advisors and their clients need to be discussing now.

Knowledge Bureau’s June opinion poll elicited a larger-than-average number of responses from readers, with 341 people casting votes on the following question: The federal government is considering making additional contributions to the Canada Pension Plan (CPP) voluntary. Do you think this is a good idea?

It’s summertime... and summer holidays are already in full swing.