Trade Wars: Why Income Tax Filings Matter More Now
It’s hard not to get caught up in the trade wars saga, and of course it has serious economic repercussions. In times like these, our tax system can help. The federal government has indicated three pillars of support will be enacted, details of which are to come shortly:
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The T1 Adjustment Problem
What’s the holdup? Nearly a year after the Canada Revenue Agency was given 100 days to improve its service, delays in T1 adjustments continue. This has been a thorn in the side of the tax accounting industry as CRA sits on millions of dollars in dispute. No doubt, it’s a financially unhealthy state for tax filers as well. But the degree to which the edict to improve the service has failed, may surprise you. To weigh in with your thoughts, there are two important survey deadlines to consider. Here’s the lowdown:
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High-Risk CRA Audits: Five Areas Under the Microscope
Small business owners and high-net-worth investors are being audited differently as CRA focuses its attention on several higher-risk areas. COVID-19 subsidies and benefits, cryptocurrency, real estate transactions, cash-intensive businesses, and the gig economy and small business are among the key targets. Ruth Horst will examine these five areas at the September 23 CE Savvy Summit: Audit Defence Management, including what’s involved and what tax and financial advisors should know when helping clients defend their filings.
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Knowledge Bureau Distinguished Designates Gather for Focus Group
Knowledge Bureau hosted its second quarterly gathering of its designates on August 12 in Toronto to continue the evolution of its national networking Society. The new mandate, name and logo of the Society of Distinguished Wealth Professionals™ was received with great enthusiasm. It was a vibrant, thoughtful meeting on the future of financial services industry that includes the transformational power of Agentic AI, with special guest thought leader, Tony Mahibir, RWM™, FDFS™ and CEO of CANFIN.
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Make New Connections at Acuity: Rapid Fire PD with Home Trust
Some of the most valuable conversations at the Acuity Conference happen when distinguished professionals have an opportunity to connect, exchange ideas and learn from one another. On November 23, Gold Sponsor Home Trust and Christina Fazio, MBA, FDFS™, Director, Broker Deposits, will bring that experience to the forefront with a special networking brunch designed to get delegates talking. This is one of 20 incredibly informative professional development sessions at the Acuity Conference for Distinguished Advisors (DAC) taking place November 22-24 in beautiful Victoria, B.C.
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