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:
Sharpen and refresh your knowledge in time for the upcoming busy 2014 tax season with the Personal Tax Bootcamp. Enrol by November 30 for best tuition prices.
Just in time for the holidays, Knowledge Bureau is pleased to have our newest books, Financial Fotographs and Empower Your Presence, in stock. Give the gift of financial literacy and true wealth to your clients, family, and friends. Order today!
Be prepared to discuss cross border taxation with a comprehensive general knowledge, as well as recognize and advise on how certain actions on both sides of the border affect a person’s tax situation. Enrol in Cross Border Taxation by December 4 and save $200 on tax deductible tuition fees.
Increases to tax bracket thresholds, amounts relating to non-refundable credits, and most other amounts will take effect on January 1, 2014 based on an indexation increase of 0.9%, CRA has announced.
Do you agree that public trustees, guardians and departments supporting Indigenous Services should be able to certify impairments for the Disability Tax Credit?