Bill C-31: Royal Asset and New CRA Powers Could Come Soon
Changes are coming to the Income Tax Act and both you and your clients will all be affected with new tax risks including longer tax audits. Bill C-31, which passed second reading in the House of Commons on June 3 and is now at committee stage, contains elements of previous Federal Budgets that will expand the CRA’s compliance and enforcement powers. Here’s what you need to know and pass along to your clients:Master Your Retirement: Is Home Equity The Key? Don’t Count On It!
This guest column was submitted by Doug Nelson, author of the newly released 3rd edition of Master Your Retirement, published by Knowledge Bureau.
Tax Implications of Dual Citizenship
I am a dual citizen (Canada/U.S.) and have lived in Canada for about thirty-five years. What are the tax implications if I buy U.S. based ETFs with USD and Canadian based ETFs with CAD?
US Citizens in Canada: What You Need to Know About Uncle Sam
The number of days you spend in the U.S. each year can deem you to be a U.S. resident for tax purposes. You could even be a U.S. citizen and not realize it, and that has tax consequences. Learn your rights and obligations with Canadians & the IRS – pre-order your copy today.
Earn Your Certificate: Take the Cross Border Taxation Course
Be a certified cross border taxation specialist with this comprehensive course from CPA and Knowledge Bureau faculty member Angela Preteau.
Maximize After-Tax Income
Use the Tax-Efficient Retirement Income Calculator to determine the optimum combination of income sources to maximize the income you keep after tax. Try a free trial today!
Have You Been Appointed Power of Attorney? What You Need to Know
Undertaking the role of Power of Attorney for a loved one can be overwhelming, especially if you don't know where to start. If you have agreed to be a Power of Attorney, prepare yourself early by learning the 8 steps you need to know. Join us for Attorney School in Toronto April 26 or Regina May 24 for only $99.
