November 2025 Poll
Do you believe the November 4 Federal Budget addressed the key financial issues your clients need to see from their Finance Department and the CRA?Charitable Donations by Will: Income or Capital?
Last week at the CE Summits in Vancouver, an interesting question arose with regards to the deductibility of gifts left by a deceased taxpayer to a specific charity in his will. Would that specific bequest qualify for the donations tax credit on the final return, a trust return or both? It turns out, the answer may be neither.
New Journalism Tax Credit: No Lines or Forms Released to Claim it Yet
A new maximum non-refundable tax credit of $13,750 per eligible employee is available starting in 2019 for Qualified Canadian Journalism Organizations. The 25% refundable credit will apply to qualifying labour expenditures of up to $55,000 if they are incurred in the tax year beginning on or after January 1, 2019. The trouble is that there is no line on the tax forms for the credit and the required schedules won’t be available until May. Still, the claim must be done on time. Here’s what you need to know:
Special Offer Ends This Week: Meet Your 2020 Professional Development Goals
It's your last chance to take advantage of these special offers to meet your 2020 professional development goals before month-end. Get new credentials or train your team, by taking any two online courses from Knowledge Bureau for only $995. It’s a savings of $595. Plus, for a limited time, you can get more study time for half price. Act by January 31!
