Coming This Month: Changes to Business Registration Online
More changes are coming to how your clients will access Business Registration Online (BRO). Starting July 14, 2026, the Canada Revenue Agency (CRA) your business clients will only be able to access BRO through their CRA account. As usual, it’s the taxpayer who is responsible for on time remittances and the burden of proof in an increasingly digital relationship with CRA. Here’s what you need to know:Increasing the Present Value of Income
Why is tax efficiency so important in planning for future financial peace of mind? Because it increases the present value of income; which has the potential of earning more income and value over the longer savings horizon. Tax and investment advisors can provide invaluable assistance especially to those clients under age 45, who lag behind in their RRSP contributions.
Capital Gains Tax Treatment Changes for Farmers and Fishers
On June 29, an important private member’s bill received Royal Assent. It addresses the thorny issue of intergenerational transfers of family farms and fisheries. These changes will provide more surety for those in the farming and fishing industries to enable capital gains treatment on intergenerational transfers; tax treatment aligned with sales to unrelated parties.
A New Debt Instrument: Limited Recourse Capital Notes
In today’s hot but volatile financial markets, investors are looking for new places to invest for safety, while taking advantage of change. A new type of debt instrument, Limited Recourse Capital Notes, may fit the bill for some fixed income investors, and tax and financial advisors will want to come up to speed to better understand the structure.
Share the Knowledge: Bring Your Team to DAC 2021
Virtual DAC Acuity 2021, October 17-19 will feature the thought leadership of 8 senior executives, 2 best-selling authors, leading scholars and top wealth advisors. It’s an online conference experience that tax and financial professionals won’t want to miss. Share the knowledge: enrol yourself and bring your team along at a reduced tuition fee, until September 30.
KB Grads in the News – Sharon Timson, DFA-Tax Services Specialist™
Sharon Timson is a DFA-Tax Services Specialist™ Designate who has been able to increase the value she offers to her clients, while diving deeper into the important financial conversations. See what she has to say about her experience in earning these important credentials.
Calculator for the New Canada Recovery Hiring Program
CRA launched its new Canada Recovery Hiring Program (CRHP) calculator today, to assist businesses in applying for support based on “incremental remuneration” in the period June 6 to November 20, 2021. The program will overlap with CEWS and is meant to help businesses grow again as the economy reopens, as a result of hiring staff, increasing pay, or increasing shifts. It’s good news and advisors will want to bring details to their business owner clients immediately. Here are the details:
