Seniors Targeted? The Tax Audits Begin
The Canada Revenue Agency (CRA) routinely reviews or audits tax filings, including personal, trust, corporate, and HST returns. The most common types of reviews that focus on personal tax returns include, but are not limited to, Pre-Assessment Reviews, Processing Reviews, and the Matching Program. This year there is a new focus: the Multigenerational Home Renovation Tax Credit introduced to help families better care for their elders. But claiming it, like other tax benefits, comes with a tax snare. Read on to learn more.September 15 Instalment Deadline: Your Tax Remittance Options
It’s quarterly tax instalment remittance time again! But do you really need to make the payment on September 15? You should be concerned if you earn income from self-employment, pensions, rental income, or receive taxable alimony. A DFA-Tax Services Specialist™ can help. Here is what you need to know.
With Reduced Interest Rates, Are Student Loans More Affordable?
As promised in the 2019 federal budget, interest rates on Canada Student Loans are decreasing. Will this help affordability for students investing in their education? The answer is yes, but not immediately.
Unfavourable: Why Canada’s Global Tax Competitiveness Needs Reconsideration
Given the federal government’s increase of the federal personal tax rate from 29% to 33%; their attack on small business taxation (including the introduction of the tax on split income (TOSI) rules and the clawback of the small business deduction for passive investment income); and the upcoming Canadian federal election, Canadian entrepreneurs are concerned about their increased tax burden, and investors should be too, says Dr. Dean Smith, President Cadesky U.S. Tax, Ltd., a keynote speaker at DAC this November.
Divorce: Minimizing Financial Set-backs Through Tax Efficiency
Divorce can be a huge set-back in one’s financial plan. In Canada, 38% of marriages end in divorce, and 42% of those end between 10 and 24 years of marriage.* With the help of qualified and knowledgeable financial and taxation advisors, the financial hit of divorce can be minimized.
CIBC SmartBanking for Business is a Watershed Moment in SME Innovation
Special report from Christopher Misener, Senior Director, Strategic Partnerships, CIBC. A few months back I joined Knowledge Bureau with Evelyn Jacks on a countrywide CE Summit tour where I was able to meet with tax professionals and discuss the future of accounting technology and showcase the latest digital banking platform technology for small and medium-sized businesses. Here's an accountant’s story on why it matters:
Business Builder Retreat in PV: Are You Getting the Most Out of Your Business?
2019 Business Builder Retreat host Joanne Sigurdson will join Evelyn Jacks, Jenifer Bartman, Dean Cockell, and Dan Collison to discuss ways to grow your business to new successes – and greater value - while you take better care of yourself, too. Joanne shares why BBR is a must-attend event for you this fall:
