Canada Needs a Financial Plan
According to a July 23 publication by the Fraser Institute, we are getting poorer here in Canada and the prospects for economic growth are looking grim. This should be of concern to every Canadian concerned about their “real income” – that’s their purchasing power – and by extension - their ability to fund consumption now and for important family milestones in the future: retirements, education and homeownership. It’s grim, but there are practical suggestions for a turn around plan. Here’s a synopsis of the report.Pandemic Downtime? Shed Some Light on Your Knowledge Gaps
New from Knowledge Bureau: it’s time to shed some light on your knowledge gaps! With short courses & client education tools especially designed for busy tax, bookkeeping and financial professionals. The first three modules are now available, and if you enrol today to deepen your knowledge, you’ll receive CE courses for you, presentation for your clients, client-handouts and more. Plus, you can take advantage of an exclusive introductory offer.
Pandemic and E-Learning: Knowledge Bureau’s Got You Covered
Knowledge Bureau’s got your back to help you continue your professional development during any pandemic downtime. Train or retrain new staff. Existing students: If you need more time, call us and we’ll extend your study time at no extra charge.
A Professional Approach: Knowledge Bureau Pros Are Pandemic-Ready
Knowledge Bureau wants to hear from you on how you are managing the coronavirus with your staff and clients. Today we hear from The Accounting Place and their response to the Pandemic.
Paper T1 Filers: Beware, It’s an 8-Page Return
What’s new in tax filing season 2020 now that it’s officially underway? There is $1 billion in uncashed cheques at CRA for 7.6 million people; paper-filed returns have been sent to 1.7 million people; plus, one more important detail that hasn’t had a lot of attention yet. That is, the tax return is 8-pages long this year!
Tax Expenditures Report: Clues to 2020 Federal Budget Changes?
Is wealth preservation important as demographics change dramatically over the next 15 to 20 years in Canada? Or are today’s taxing requirements so great that governments need to tap into wealth accumulation immediately? Those are a few of the tax policy questions to be answered as federal and provincial budget season arrives in Canada this month. A recent federal government report provides some good clues as to what may lie ahead.
It’s Complex: Your Relationship with the Tax Refund
Canadians have a unique perspective on tax refunds – they seem to love them! Taxpayers have the tendency to use the refund as a savings strategy, according to our February poll. It’s something the pros don’t necessarily agree with, but 75% of them felt that reducing tax withholdings would have no benefit in helping Canadians manage their money.
