Knowledge Bureau Poll: Tax Cut Doesn’t Cut It!

The Notice of Ways and Means Motion was released on May 27, but the 1% tax rate cut going into effect on July 1, didn’t cut it with Knowledge Bureau Report readers who responded to our May Poll.  A decisive 90% of respondents said “No” when asked: does the new government’s promise to cut the lowest personal income tax rate by 1% to 14%, (14.5% in 2025) go far enough to help Canadians impacted by high costs?  Here were their comments and suggested alternatives based on real life experiences with the after-tax income their struggling clients are left with:

Modern families that are successful in accumulating wealth over time use the power of their economic unit to get the best after-tax results during their lifetimes and with a tax-efficient, intergenerational wealth transfer in mind.

The 10th annual Distinguished Advisor Conference was deemed to be the best yet – the speakers and sessions, networking opportunities, events, and unique Ojai moments. Here are few highlights from DAC 2013...

Evelyn Jacks was among nine fempreneurs from across Manitoba who were interviewed by Women Business Owners Today about lessons in leadership.

Prepare yourself and your staff for the upcoming busy 2014 tax season with the Personal Tax Bootcamp – It's ALL TAX, ALL DAY, and it's going to be fun! Enrol by November 30 for best tuition prices.

Through real life stories in Financial Fotographs, learn how to empower your family to have a healthy attitude about the financial aspects of life and broach the taboo financial subjects with ease. Order your copy today, hot off the presses.

Train your staff now in order to prepare accurate T1 tax returns for your clients. T1 Professional Tax Preparation – Basic includes the latest tax changes for 2013 returns. Enrol by November 27 and save $200 on tax deductible tuition fees.