Where are My Tax Slips? Failure to Report Income is on You
Are you missing the T slips you need to accurately file tax returns this year? It’s CRA’s problem, but the consequence is on the taxpayer. Here’s the backdrop and what you can do to help clients avoid paying penalties and interest for missing slips:
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A Baker’s Dozen: Tax Questions for Election Candidates
Canadians find themselves in an eagerly awaited election campaign in which MPs (Members of Parliament) will make decisions about how to collect and spend your tax dollars. Are you ready to interview these candidates for their job? Here are 13 questions – a baker’s dozen – you might wish to draw from to help you decide on the qualifications. But, you won’t get to ask them all - political candidates aim to spend no more than 90 seconds on any doorstep to give a quick pitch and ask for support – so choose wisely and listen to answers carefully.
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Tax Implications of Shutting Down a Business
Tax season is “taxing” for all the familiar reasons – the deadlines, the missing information and the shock some taxpayers are facing in light of the tariff fallout and for some the fact they may need to pay CRA instead of receiving the expected refund. There is a big emotional toll tax specialist can bear as well, for example, when hearing of a new disability, a death in the family, or the demise of a business. In these volatile times, there may be more of the latter, unfortunately. Here is what to know as these difficult conversations begin to unfold.
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What Is a Recession and How to Help!
The “R” word is emerging daily as market volatility continues in response to the global trade war initiated by the U.S. How do you explain this to clients and guide them through this period of instability and uncertainty? Here are some thoughts:
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Introducing the Distinguished Partners at DAC
Knowledge Bureau is honored and proud to introduce the distinguished partners at the Acuity Conference for Distinguished Advisors, November 23-26 in Puerto Vallarta Mexico. Please check out their unique value propositions in the financial services industries they serve and click on their logos on the official conference page for more information. Then check out the amazing agenda - so far – for this thought leadership event. A great way to earn CE/CPD credits and network with an outstanding audience of leaders from coast-to-coast:
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