Wildfires: Apply for Taxpayer Relief Provisions
Canadians affected by wildfires may also be concerned about the tax consequences of lost records or missed filing deadlines. Fortunately, the CRA offers Taxpayer Relief Provisions for circumstances beyond a taxpayer’s control. These can apply in cases involving natural disasters, serious illness or death in the family, or errors made by the CRA—any of which may lead to late or incomplete tax filings and trigger penalties or interest. Here’s what you need to know.New Fast-Track Makes Back to School Easy for Pros
Knowledge Bureau is pleased to introduce a one year certification and designation program entitled Fast-Track.
Evelyn Jacks: Ready, Richer, and Energized for Prosperity
Stephen Covey was right...it pays to sharpen the saw.[1]
Understanding Conflicts of Interest: Tips from the Tax Court
Canadian National Railway Company v McKercher LLP and Gordon Wallace, 2013 SCC 39
CPP Contributions for the Self-Employed Required Until Age 65
Self-employed taxpayers who are receiving a CPP retirement pension must continue to contribute to CPP until they are at least 65.
When do I have to pay tax on alimony or spousal and child support payments?
The rules differ for spousal and child support, as explained below.
Life Expectancy and the OAS Postponement Issue
According to a Canadian Institute of Actuaries (CIA) study published by advisor.ca, the life expectancy of a 60-year-old male today has increased by 2.9 years (from 24.4 to 27.3 years), while the life expectancy of a 60-year-old female has increased by 2.7 years (from 26.7 years to 29.4 years).
