Podcast: Automatic Tax Filing - Will It Work?
Last week Taxpayers' Ombudsperson François Boileau tabled his annual report: In Pursuit of Better Service: Taxpayers Deserve More. once again, it was nothing short of scathing, as CRA received its highest number of complaints in the last three years. Calling our “completely nuts” Income Tax Act a potential barrier, he is nonetheless pushing for automatic tax filing as a potential solution. A new episode of Real Tax News with Evelyn Jacks & Friends available next week, will feature guest Gillian Petit, Ph.D. - author of a great report, Welcome News for Lower-Income Canadians, but There’s More to Do - which takes a deeper dive. Consider the following:Mark Your Calendar: CE Events
Fall is the perfect time to focus on professional development. Take advantage of a number of upcoming live events and earn valuable CE credits with Knowledge Bureau.
2015 Tax Brackets and Personal Amounts Announced
This week CRA announced the indexation factor for 2015 (1.7%) and the resulting federal brackets and rates for 2015. Tax rates, of course, remain unchanged.
Year End RRSP Review: Overcontributions?
How many times have you prepared a return for a client who has made an RRSP contribution (either to their own or their spouse’s RRSP) but really should not have?
CRA’s Attempt to Grab $6 million Denied
The British Columbia Supreme Court (BCSC) recently made a ruling that was not only favourable to the taxpayer, but also set a welcome precedent for future taxpayers that enter into transactions with unintended tax consequences.
Kick Start 2015 Financial Plans
When it comes to family tax essentials you need to grasp in building wealth for your future, there is Both good news and bad news in the new Family Tax Cut provisions.
It’s Financial Literacy Month in Canada
In celebration we urge you to speak to your clients and their family about their Financial Fitness. To help, Knowledge Bureau has three important resources for you:
