News Room

Mark Your Calendar: Critical Deadlines for May and June

Tax season never truly ends, it seems, as there are many more upcoming tax filing, investment planning and education milestones to discuss with your clients over the next six months. Check out our handy checklist below and then test yourself – what are the conversation openers you’ll use and with which clients? It’s your opportunity to shine with every member of the household:

Evelyn Jacks: Tax protestors pay the price

The Canada Revenue Agency (CRA) has proved once again: there is no escaping your responsibility to pay income taxes.

Putting “goodwill” to work for you

Understanding the concept of “goodwill” will work to your advantage, as Greer Jacks explains in this first of a two-part series.

Lifestyle Column: 10 Neat Things

This week: 10 neat things about light.

Do you have to report income from foreign sources?

In some countries, such as the United States, taxation is based on citizenship. In Canada, however, the government levies income taxes based on residency. 

Mind Your Fs and Ps

Federal tax returns are required to be filed by all Canadians who have a balance due or file to recover overpaid taxes or refundable tax credits. Provincial taxes for the whole year are based on your province of residence on December 31.

Featured Course: Introduction to Personal Tax Preparation Services

Sharpen your knowledge and access the tools you need to ace your tax preparation — free trial available!
 
 
 
Knowledge Bureau Poll Question

Do you agree that public trustees, guardians and departments supporting Indigenous Services should be able to certify impairments for the Disability Tax Credit?

  • Yes
    13 votes
    17.57%
  • No
    61 votes
    82.43%