The Consumer Price Index numbers for September have been released and that number is used to calculate the indexation rate for personal amounts and tax brackets. Although the federal government has yet to announce the new tax figures, we’ve done the math to estimate the numbers. It’s important information for year end tax planning purposes, a subject we will also cover in depth on November 5 at the live virtual CE Summit. Read on to learn more.
“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.