GST Holiday Ends This Week: Lost Aversion Kicks In

The GST holiday which  began in December comes to an end on February 15th and the fallout for consumers and businesses could linger for longer than the two month exemption itself.  Announced by the Prime Minister and then Finance Minister on November 21st, the end of the break will mean Canadians must once again pay more for common children’s items in particular.  Further, businesses will gain incur costs to reprogram point-of-sales and accounting systems. 

“Bitcoin Rush” is all over the news as speculators have tried to get in on the trend which saw skyrocketing values at the end of 2017. But there is a spoiler: gains on trading digital currencies like Bitcoins are subject to taxation in Canada, a liability that must be settled in real dollars.

This week the National Revenue Minister announced a new program called “File My Return” that will allow Canadians with low and fixed incomes to complete their returns over the phone.

There is still time to register for Winter 2018 CE Summits, Canada’s most comprehensive Advanced Personal Income Tax Update for tax and financial professionals and their new and returning staff. Please remember that Regular Fees apply after deadlines!

Busy tax and financial professionals who are looking to train and hire graduates from Canada’s most  comprehensive and convenient professional certification program may enroll now, 24/7. 

We’d like to say congratulations to Benitta Anselm Nerio on the completion of Knowledge Bureau’s T1 Professional Tax Preparation – Intermediate course. Here’s what she had to say about her experience:

At this special time of the year, we like to pause to think about all we are grateful for, and that’s first and foremost our treasured relationship with you. Thank you for your commitment, your friendship and support.