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:Will Having a TFSA Reduce the Size of the Guaranteed Income Supplement?
With very minor exceptions, the definition of “income” used to determine the amount of the Guaranteed Income Supplement is the same as “Net Income” under the Income Tax Act.
Understanding Synthetic Dispositions – Total Return Swap
We continue our Synthetic Dispositions series this week with a look at a total return swap.
Business Strategy Required to Manage Risk
Are you ready to grow your business? According to Statistics Canada[1], the top three reasons businesses fail is lack of vision, lack of knowledge, and the inability to use outside advisors effectively.
Tax Efficiency Strategy: Earn More Tax Exempt Income
There are many sources of tax exempt income of which most people are unaware. Here's the tax secret...
FOR IMMEDIATE RELEASE: Top Advisors to Discuss Future of Financial Services
Winnipeg, MB. Under the theme, Back to the Future, delegates at the DAC (Distinguished Advisor Conference), will explore opportunities to build on past successes and experiences in a changing environment for both tax and financial advisors.
DAC 2013: Dan Kelly – Behavioural Finance: CRA and the Independent Business Community
About a quarter of a million business owners, or a fifth of businesses with employees, are now aged 55 and over and succession planning is big for them and for the economy. So is tax. How deep is government in the pocket of business?
