Canadian Dental Care Plan Renewal Deadline Approaches
Know Your Client! It’s a daily commitment and requirement, especially in the work that financial advisors do with their clients. It’s imperative that you ask about any significant changes in their lives. Has there been a significant new event: a move to take a new job or go to university, a marriage or divorce, a new birth, a disability or a death? And, in the case of income tested benefits such as the Canadian Dental Care Plan, (CDCP) do they qualify? Did they file their tax return on time to get it? Do you know the deadlines for doing so? Do you know when coverage ends if your client now longer qualifies?After the Election: Accounting for Business Growth and Transitions
The role of accounting can go well beyond just tracking the numbers; providing advice to clients who are business owners will support their decision making and help them to generate real value. That’s why advanced planning for growth and transition is the focus of a new certificate course published by Knowledge Bureau this month.
Tax Accountants Rejoice! T2 Micro Business Course Fully Updated
Do you know how to prepare a T2 corporate return for your small business clients? Has it always been your professional development dream to get the credentials to do so?
Power of Attorney: Liabilities Binding Despite Dysfunctional Marriage
Taxpayers should receive legal advice prior to giving a power of attorney to anyone, including their spouse. Unintended tax consequences will not be forgiven by the CRA.
Pain Relief for Child Care Costs
Whether you are a student or working and paying for child care, those expenditures may be deductible and the maximum amount you can claim has increased this year. It’s a lucrative year end tip advisors will want to prime their clients about, to maximize child care expense claims on the 2015 tax return.
Adopting Refugee Children: Adoption Expenses Qualify as Tax Credit
It has been truly heartbreaking to watch the humanitarian crisis unfold in Europe, as millions of displaced refugee families risk their lives seeking safe havens. Canadians can help with charitable donations, but also by adopting orphaned children.
The New Role for the Tax Accountant When a Business Transitions
Accounting departments in growing companies have a special role in collaborating with shareholders: to help those at the financial helm to understand not only where the business results lie today, but what resources it will need to support future growth, potential financing gaps, and how they can best addressed.
