Wildfires: Apply for Taxpayer Relief Provisions
It may not be the first concern, but Canadians affected by wildfires may worry at some point about the tax consequences of lost records or missed filing deadlines – the next one on June 16 for those filing T1 returns with proprietorship income. Fortunately, the CRA offers Taxpayer Relief Provisions when there are circumstances beyond a taxpayer’s control, including natural disasters, serious illness or death in the family, or errors made by the CRA, which may trigger penalties and interest due to late or incomplete tax filings. Here’s what you need to know.Canadian Forces Personnel and Police Get Tax Break
Since 2004 certain members of the Canadian forces or a Canadian police force serving on a deployed operational mission that is assessed at a high risk level.
Who is Eligible for the Old Age Security Pension?
According to Services Canada, this depends on your age and your years of residence in Canada.
Re-Accumulation: Thinking It Through
Don's incredulous. He’s a do-it-yourself investor and he has had a bad several years. His half a million dollar RRSP portfolio is now worth $250,000. He wants to know: What does it take to recover and re-accumulate $250,000 over the next ten years—the time Don has left until retirement?
Don’t Forget the Tax Implications When Investing in a Rental Property
The acquisition of a revenue property is often a good way to increase net worth. If you are planning to take on a rental property, be sure to keep the tax implications in mind. Rental properties are often audited.
Distinguished Advisor Conference Nearly Sold Out!
Only 5 rooms left! Register for DAC before July and receive extended early bird rates!
DAC 2013: Diana Bishop – Packaging Your Expertise for the 21st Century
Can you package your expertise? Can you bring value to your professional practice by better understanding what your personal and business brand is all about? What is your unique ability?
