Time’s Up: CRA’s 100 Day Mandate for Improvement
After years of frustration on the part of tax professionals and taxpayers alike, the Finance Minister ordered the Canada Revenue Agency to clean up its act in 100 days. Specifically, the improvement plan was to run from September 2 through December 11. Finance Minister and Minister of National Revenue, Francoise-Phillippe Champagne instructed CRA to fix “unacceptable wait times and service delays.” Time’s up this week and CRA has released an update on progress. What gets measured, gets done. Let’s see what CRA’s metrics show.Back to Work! New Manitoba Job Restart Program
It’s time to ween off the CERB, at least in Manitoba, the implementation of a new program will supplement wages of those returning to the workforce: it’s time to get back to work!
A Renaissance: Knowledge Bureau’s DAC Acuity 2020
Unfortunately, COVID-19 has slowed the opening of social immersion in Ontario and interrupted our plans to hold the Distinguished Advisor Conference in Niagara Falls, so we’ll be going there in fall 2021 instead. This year’s DAC Acuity 2020 will be held virtually, with the unparallelled professional education and networking that are the hallmarks of the event and lots of interesting twists. There are also two ways to schedule the event into your busy calendar. Check this out:
Who is the MFA-P™?
The strategic philanthropic solution taught in the MFA-P™ designation program takes a multi-stakeholder approach to giving. This new designation will empower clients to give more effectively because of their collaboration with you. If you are interested in this credential, be sure to enroll by June 30 and save $500. Here are more program details:
The Soft Skills Matter in Tax Services
Tax Services Specialists must have more than precise technical and research skills; for them, the soft skills matter in building long term relationships with their clients and various regulators. Now more than ever, Canadians need caring support and someone to help them navigate the complex tax and financial repercussions of the pandemic and associated benefit programs. Read on for the soft skills and processes that will allow tax specialists to fulfill an essential service.
The CERB Tax Quagmire
The CERB payments have been extended for an additional 8 weeks to a total of 24 weeks, available under the same eligibility criteria, but with one caveat: Canadians should make an effort to return to work. In addition, those abusing CERB guidelines must repay them to avoid stiff penalties. The resulting broad-based complexity with the CERB will ensure a tax compliance quagmire for recipients next year. Here’s what you need to know:
Still Delayed: Help for DTC Recipients
On June 5, the Prime Minister announced two new response benefits to help Canadians through the pandemic. But the promised Disability Tax Credit (DTC) top-up payments and help for the provinces in a “Safe-Restart” Agreement have been delayed as other parties opposed the passing of the bill. Here’s what was proposed:
