Changes to Paper Filing Disempowering

Last tax season, only 7% of all Canadian tax filers filed on paper. The CRA is pushing for zero. It continues to steer the holdouts to digitized filing by adding lots of obstacles. Most recently, it is removing almost all the schedules from the tax return package it mails. This seems unfair to people who paper file because they can’t afford a computer and internet, distrust the security of online filing and those who are neither tax or computer literate. Here’s what they are up against:

Investing in assets that have the potential to accrue in value can come with both risks and rewards. From a tax point of view, a capital gain on those assets has two distinct advantages: there is no taxation on accrued values until disposition (actual or deemed), and only one half of the gains are added to taxable income. Here’s why it’s important to fully understand the advantages:

It’s hot off the press and available online! Back by popular demand is Knowledge Bureau’s All Course Catalogue to provide you with everything you need to know about our education programs all in one convenient place, with all the details you need to make the right educational decision for your professional development and team training.

With Canada’s competitiveness in question, and many wondering if our complex tax system puts us at a global economic disadvantage, a new report from the Fraser Institute answers an important question. Does increasing income tax rates for high net worth taxpayers help or hinder Canada’s fiscal outlook?

Old Age Security (OAS) rates are indexed quarterly according to the consumer price index, and third quarter rates for July to September bring good news for Canadian seniors who received no raise in the second quarter of 2019.

Our June poll question was one of the most popular and controversial to date with our readers. 95% felt strongly that the CRA’s settlement with KPMG demonstrates a lack of fairness and equity within Canada’s tax system.

Stay ahead of your competition, re-think your business objectives more strategically, armed with new knowledge about economic forecasts, portfolio management, investment, retirement and tax in the personal, corporate, trust and cross-border space. DAC, and the great line-up of compelling speakers will show you how to get more customers and have stronger ties to your existing ones. This is your opportunity to be part of the pre-eminent conference for leaders in the financial services. Learn more about the speakers and partners who will inspire you on days 2 and 3 of DAC 2019.