Late Filing Penalties: Talk About It!
While most T1 returns are in the hands of the Canada Revenue Agency (CRA) by April 30, we know many are not. In fact, millions of returns were still outstanding as of mid-May. Late-filing clients they need to know about the consequences, especially if they owe. Here’s a rundown to be aware of:Knowledge Bureau is Growing. . .Passionate about sharing knowledge?
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Life purpose
“Anything that you learn becomes your wealth, a wealth that cannot be taken away from you; whether you learn it in a building called school or in the school of life. To learn something new is a timeless pleasure and a valuable treasure.” C. JoyBell C.
TAX TIP: Top Three Tax Investments for Education Funding
Statistics Canada reports that an undergraduate degree costs close to $6200 but according to a new study, 80% of parents don’t know that. Worse, most parents are poorly informed about tax efficient ways to save, especially weak on RESP knowledge. This is a great opportunity for tax and financial advisors to add significant value.
KB Poll: Parents Should Be Primarily Responsible for Post-Secondary Education
A highly engaged audience weighed in on who should fund post-secondary education as Knowledge Bureau’s August poll asked, in your opinion is it the parent’s responsibility.
Under the Weather: Canada’s Economic Performance
It’s fall: time to ramp up Canada’s economy! Possibly the only good news in Statistics Canada’s August 31 report on Gross domestic product, income and expenditure, for the second quarter 2016, was that Canada’s household savings rate was 4.2%, up from 4.1% in the first quarter.
What is a Proposal for a Small Business?
With all the dreary economic news, it’s not unusual for businesses to hit a bump in the road, something astute professional advisors should watch closely as our guest columist, Andy Fisher, of the Small Business Restructuring practice at Farber Financial Group explains.
