AUTHREP Changed July 15
Since July 15, the "Authorize a Representative" service in EFILE, accessed through tax software, will no longer be available. Tax professionals must now use the Represent a Client (RAC) portal to request online access to a client’s account.Knowledge Bureau Designate Highlight: Marlene Donaldson
Marlene Donaldson from Port Elgin, Ontario recently completed the T1 Professional Tax Preparation – Advanced course and believe her goals were met in taking the course.
New! Check out our New Designation Brochures and 2015 Course Catalogue
The 2015-2016 Knowledge Bureau Course Catalogue is now online.
Foreign Income Verification Reporting – Form T1135 (Part 3)
This is the final instalment of a three-part series on Foreign Income Verification.
CPP – Now or Later? (Part 2)
Last week in Part 1 of CPP - Now or Later, we discussed that one of the more difficult decisions for those approaching retirement is when to start receiving their CPP retirement pension.
False Statements on Tax Returns Leads to Fine, Jail Time
According to an article posted on the Canadian Revenue Agency (CRA) website, an Ottawa woman was recently sentenced to 30 days house arrest and ordered to pay a fine of $47,789 due to false statements made on her income tax return.
Family Tax Cut Changes Conventional Wisdom for RRSP Contributions
Before the Family Tax Cut provisions it was straightforward, a given RRSP contribution was always more beneficial if claimed by the higher-income spouse.
