Coming This Month: Changes to Business Registration Online
More changes are coming to how your clients will access Business Registration Online (BRO). Starting July 14, 2026, the Canada Revenue Agency (CRA) your business clients will only be able to access BRO through their CRA account. As usual, it’s the taxpayer who is responsible for on time remittances and the burden of proof in an increasingly digital relationship with CRA. Here’s what you need to know:Tax Tip: Three Tax Secrets for RRSP Investors
March 1, 2018 is an important date for savvy taxpayers: don’t miss topping up your RRSP contribution by this deadline. It’s a great investment for your retirement, of course, but it’s so much more powerful: there are, in fact, three additional tax secrets most people don’t know about that can help you improve your finances.
Rising Interest Rates on the Horizon: Who Will Feel the Impact?
Interest rates are rising and Canadians are already feeling the pinch in paying down their operating lines. Owing the taxman can add to the burden. The Bank of Canada’s next interest rate announcement is March 1 and for some, the trend is already uncomfortable. Debt management is key.
Tax Time: Canada’s Income Tax System Is Here to Stay
The first tax returns of the year will be processed on February 26 this year. February 28 is the last day to catch up your filings and preserve appeal rights under the old Voluntary Disclosure rules that allow for full interest relief. That means tax deniers or procrastinators must step up now.
Auditbusters: Tips and Gratuities
Canadians who earn tips and gratuities are required to report this income on their annual income tax returns. This year the tax auditor is once again taking a closer look, and it’s become easier than ever, as audits of credit card and debt payments provide a reliable record of undeclared amounts. Here’s what you need to know to bust those tax audits:
Leadership Development: Team Culture and the Role of Ethics
Leadership matters. Your team depends on yours; so do your clients. A couple of weeks ago, we featured a story on how the components of ethical leadership can be applied to individual leadership styles. It received great traction on the Executive Business Builders Network. Please chime in this week.
People in the News - Siegfried Merten, MFA Achieves International Recognition
We salute the outstanding achievements of Siegfried Merten, Master Financial Advisor (MFA), who has been recognized internationally for his work in the avoidance of double taxation for retired Canadians.
