Canada Needs a Financial Plan
According to a July 23 publication by the Fraser Institute, we are getting poorer here in Canada and the prospects for economic growth are looking grim. This should be of concern to every Canadian concerned about their “real income” – that’s their purchasing power – and by extension - their ability to fund consumption now and for important family milestones in the future: retirements, education and homeownership. It’s grim, but there are practical suggestions for a turn around plan. Here’s a synopsis of the report.October to December: Prescribed Interest Rates Unchanged
The Canada Revenue Agency has announced the final prescribed interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations in 2016.
Newly Updated: Basic Bookkeeping Critical in Increasing Value Propositions
Professional bookkeeping skills are in high demand, but hard to find. Knowledge Bureau’s new 30-hour certification course features new practical scenarios featuring Intuit’s Quickbooks Online; a powerful educational experience that will enable confidence in the bookkeeping department.
Education Funding Options with Knowledge Bureau
Taking a Knowledge Bureau training program this year? There are numerous funding options to help make your professional studies more affordable, including financing by Knowledge Bureau, funding through a student’s own tax assisted savings plans and CRA tax assistance through various tax incentives.
Life Purpose
Education is the great engine of personal development. It is through education that the daughter of a peasant can become a doctor, that the son of a mineworker can become the head of the mine, that a child of farm workers can become the president of a great nation. It is what we make out of what we have, not what we are given, that separates one person from another.” Nelson Mandela
Tips to Minimize Instalment Payments
September 15 is the date on which the third quarterly tax instalment must be remitted to CRA, to avoid interest costs on amounts owing for 2016. CRA may have sent a notice, but is the amount shown on it what is really owed?
OAS Rate Jump Projected for Fourth Quarter
Although the government has yet to announce the OAS rates for the fourth quarter, indexation factors specified in the Old Age Security Act indicate a rate increase of 0.9% or $5.16 per month for seniors receiving the standard rate.
