Wildfires: Apply for Taxpayer Relief Provisions
It may not be the first concern, but Canadians affected by wildfires may worry at some point about the tax consequences of lost records or missed filing deadlines – the next one on June 16 for those filing T1 returns with proprietorship income. Fortunately, the CRA offers Taxpayer Relief Provisions when there are circumstances beyond a taxpayer’s control, including natural disasters, serious illness or death in the family, or errors made by the CRA, which may trigger penalties and interest due to late or incomplete tax filings. Here’s what you need to know.What to Consider When Preparing Your Estate Plan
To everything there is a season, and for many, understanding the tax consequences of death on personal and family net worth is a crowning achievement that allows for a powerful wealth transition. This type of preparedness, unfortunately, is rare.
Should I File a Tax Return for My Children?
It’s important for you to file a tax return for children who have any earnings from active employment or self-employment.
2500 Fraudulent Invoices Reap $173,000 HST Evasion Fine
Red Adair, an Oilwell Firefighter once said, “If you thought hiring a professional was expensive, wait until you try hiring an amateur!”
Year End Planning with OAS Benefits
In the final three months of 2013, seniors will receive an inflation-adjusted increased OAS benefit of $550.99 per month, which makes the total annual OAS benefits a total of $6,578.06.
How One Career Can Change Your Life
Tax service professions are one of the few careers that have outpaced economic growth for the past ten years.
Earn the CE/CPD Credits Before Year-End – EZ-Pay Instalment Plan Available
Need CE/CPD credits and want great education, too? Knowledge Bureau offers an academic path focused on Real Wealth Management™. Start today and finish before end of year.
