News Room

KBR Poll: A Huge Opportunity for Tax Reforms

The Knowledge Bureau News Network was vibrant last month, especially in the Knowledge Bureau Report Poll. Over 98% of readers who answered overwhelmingly were in favor of tax reforms and they had some great comments as well. Take a look:

Taxing retroactively is legal

Imposing taxes retroactively seems contrary to a rational, moral approach to taxation, but it is legal.

Taxpayer relief for 2002

Taxpayers and all tax registrants have until Dec. 31, 2012 to file requests under the taxpayer relief provisions for the 2002 tax year and any reporting period that ended during the 2002 calendar year.

Featured Tool: Calculators

Provide the most current tax efficient year-end tax planning possible with our suite of calculators — updated for 2013! Try them free!

Featured Course: Introduction to Personal Tax

With tax season just around the corner, this practical course will provide you with the knowledge and tools you need to ace your tax preparation — free trial availalbe!

Featured Book: Essential Tax Facts

Learn effective and practical money-saving strategies! KBR readers receive $5 off if they order before December 10.

$500 boost to TFSA limit in 2013

In 2013, you will be able to contribute an additional $500 to your Tax-Free Savings Account (TFSA), taking the annual contribution limit to $5,500.
 
 
 
Knowledge Bureau Poll Question

Does the new government’s promise, expected soon, to cut the lowest personal income tax rate by 1% to 14%, go far enough to help Canadians impacted by high costs? What are alternatives in your view?

  • Yes
    6 votes
    10.91%
  • No
    49 votes
    89.09%