News Room

Helping First Nations, Inuit and Metis with Tax Filing

The Canada Revenue Agency is trying to reach out to Canada’s First Nations, Inuit and Metis to encourage them to file their tax forms on time and could use your help to make sure these communities get all the tax benefits they are entitled to. But filing tax returns are not always easy, especially when there is income on and off the reserve.

Charitable Donation Schemes and Proposed Legislation

Edwards v. The Queen.  A recent decision from the Federal Court of Appeal, Edwards v. The Queen (2012 FCA 330), contains interesting dicta regarding the Canada Revenue Agency’s (CRA) administration of proposed legislation in the last decade or so, with the presiding Justice JA John M. Evans declaring it “fundamentally unfair.” 

Combined Family Net Income is Required

You can have zero income and pay zero taxes but still receive refundable tax credits in Canada—simply by filing a tax return. But because many of these credits are based on “family” rather than “individual” net income, you and your spouse need to file tax returns together. 

Lifestyle Column: 10 Neat Things

This week: 10 neat things about plant senses.

People in the News: David Christianson’s Managing the Bull Hits Manitoba Bestseller List!

Knowledge Bureau Newsbooks added David Christianson to our bestsellers list last week.

Featured Book: MASTER Your Investment in the Family Business

Family business owners typically have most of their net worth tied up in their business. This book outlines the options available to the family to ensure they know how to protect one of their most valuable assets. Order by Feb. 18 and receive $5 off.

Featured Course: Accounting for Business Transitions

At some time in the lifecycle of a business, the owner/manager must deal with the sale or succession of the business. This course will help you guide your client in making decisions regarding the financial and business issues that arise during these transitions.
 
 
 
Knowledge Bureau Poll Question

Should the Old Age Security clawback start at a lower net income than the current $93,454?

  • Yes
    12 votes
    17.39%
  • No
    57 votes
    82.61%