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.

Finding a tax advisor to take your family into a tax-efficient future is important.

Under certain circumstances, taxation rules state that a transfer of property has occurred, even without a purchase or sale.

Finance Canada’s new law on Reportable Transactions (subsection  237.3) co-exists with the General Anti-Avoidance Rules (GAAR in S. 245) in an interesting way. 

10,000 boomers are turning age 65 every day in America, but are they ready to retire financially? In this session, you will be challenged to consider how to best change behaviors to create “super savers”.

Learn how to prepare T2 returns for 4 types of micro businesses and gain a deeper understanding of the business issues and tax options that apply to personal/corporate tax planning at our November Corporate Tax Bootcamp. Register by October 15 for best fees.

Another person’s life story may be the nudge you need to move in a new direction. Be inspired by 50 outstanding Canadians as they tell the life lessons they learned at the School of Hard Knocks. A must-have guide for young leaders, parents, business executives and bright stars everywhere.