This Month’s Poll
The automobile deduction limits raised — the CCA ceiling for passenger vehicles to $39,000 plus tax for 2026. In your opinion, is that high enough?Tax and Investment Planning: What if Conventional Wisdom is Wrong?
What if we are wrong about how the new economy is going to emerge? It’s a tough question that Dr. Jack Mintz will address, along with other hard truths important to Canada’s top advisors, taxpayers and investors at Virtual DAC, October 17 – 19, 2021. RSVP by June 30 for early-bird tuition savings. D.r Mintz shared some pre-event questions he hopes to answer for the delegates from coast-to-coast who will attend from the tax and financial services:
CES Technology Partner: Welcome Back TaxCycle
Knowledge Bureau is pleased to announce that TaxCycle will be joining us again as a technology partner in our fall Virtual CE Summit events including the next online workshop and course on September 23, 2021 which will focus on a relevant post-pandemic topic: Audit Defence in Compiling Financial Statements, GST & Payroll. Within Knowledge Bureau’s new Virtual Auditorium, attendees will have the opportunity to interact with TaxCycle in the Auditorium Hall. Here’s a sneak preview of what you’ll learn as you pop into their booth at the event.
OAS: Third Quarter Inflation Rate Changes
Most tax-related amounts are adjusted annually, but each quarter two rates are determined and adjusted if required. In spite of the economic slowdown caused by the pandemic, inflation has actually picked up.
Add Big Value: Revisit Eligibility for the Disability Tax
In case you missed it during a busy tax season, the Disability Tax Credit (DTC) was enhanced in the April 19, 2021 budget and now, after the tax filing deadlines have come and gone, it’s important to revisit with your clients whether someone in the family qualifies for the new and improved DTC in 2021.
Cameco: Transfer Pricing, Oral Interviews & The Duke
Watch what you say when it comes to transfer pricing, oral interviews with auditors, and related tax planning. These distinct topics came face to face in the dramatic court saga, which was Cameco Corporation and Her Majesty the Queen (“Cameco”).
Payroll Changes Effective July 2021
Semi-annual payroll changes are implemented when announcements are made after January 1 that affect payroll deductions for income tax and statutory deductions. This year, no federal tax changes have been announced that affect payroll and only one province has announced a change that will affect provincial tax calculations.
