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:Advise Affluent Families with Intergenerational Wealth Transfer Needs
Facilitate estate planning solutions tailored to your clients’ situations. Enrol in Use of Trusts in Tax and Estate Planning.
Complex Exit Strategies?
Join us in the beautiful Texas Hills for the Distinguished Advisor Conference, November 9-12, 2014. Think strategically with succession planning experts and top wealth advisors. Experience education differently at DAC!
Feds Sell Billions of First Ever 50 Year Bonds
When Finance Minister Joe Oliver announced on April 28 that the Government of Canada would issue $1.5 billion in first-of-a-kind 50-year bonds, maturing on December 1, 2064 with a yield of 2.96 per cent, he hoped for strong demand and the placement of at least $750 million.
Path to Bachelor’s Degree Required for Out-of-Country Tuition Tax Credits
The Tax Court of Canada (TCC) recently had to decide whether a taxpayer who attended a “university outside Canada” qualified to claim the tuition fee tax credit, under paragraph 118.5(1)(b) of the Income Tax Act (the Act).
Evelyn Jacks: Should Top Incomes Be Subject To Higher Taxes?
As provinces in Canada attempt to add surtaxes to top earners in Canada, the most recent being Ontario in its defeated May 1 budget, a debate on whether top incomes should be subject to more tax continues.
You’re Invited: Come Think With Us About Change
Don't miss the one-day May Distinguished Advisor Workshop in a city near you May 21-June 3. The theme is CHANGE...change in relations with CRA and change within the family as clients copy with life transitions. How can you be the best advocate and steward for your client? Earn 10 CE/CPD credits – register today!
