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:

Who knew Canadians are this adventuresome?  Last week, CBC reported that close to 4000 people -  most of them men – applied for one of two positions to be blasted into space.   If any life event change speaks to the need for immediate tax, estate and family wealth planning, this would be it!

According to a recent survey by Robert Half, 2017 Salary Guide, Accounting and Finance, professionals with tax and audit experience are in particular demand in the public accounting sector and salaries in these areas are increasing.   Tax accounting, in particular, is an excellent skill and a great “foot-in-the-door” to get experience and insights in an expanding industry.

Knowledge Bureau has improved the opportunity for our students to enrol risk free in our online educational products and earn CE credits while they are doing so. Whether you are a potential student, a prior student or an employer looking for training opportunities, check this out.

"If money is your hope for independence you will never have it. The only real security that a person* will have in this world is a reserve of knowledge, experience, and ability." Henry Ford

This month teachers return to the classroom to plot strategies and activities for the new school year, decorate the walls and devise new science experiments.

It’s back to school time and families are spending money getting ready for the big day; registration for sports activities seems to be more expensive that ever; and now this: you find you owe money to CRA!