Tax Avoidance, Financial Stress & Well Being
Earlier this month, Statistics Canada published a report titled Stretching the Loonie: a time series analysis of financial difficulty and quality of life. The report is based on a nation-wide survey and the results are concerning. They reveal a serious trend and it is possible this is contributing to the late filing trend we are seeing this tax season.Interest Rate Hike and Issue for Small Business
Debt is the number-one financial issue in Canada today, and things are about to get more urgent for mortgage holders and business owners who have significant debt.
Make Hay While the Sun Shines! Time for Summer School
Time to sign up for summer school with an early registration incentive at Knowledge Bureau.
People in the News
Dong Wook (Andrew) Choi, DFA-Tax Services Specialist and MFA-Business Services Specialist knows why improving your professional education is so important this summer:
Taxes on Rich Can be Unfair for Everyone
In answer to the question posed in Knowledge Bureau’s May opinion poll, professional financial advisors from across Canada agreed by an overwhelming majority—78% to 22%—that top marginal tax rates close to, or over, 50% are not fair.
Education on Pre-Retirement Planning is Critical for Millennials
Despite recent reports that Millennials are worried about facing tougher financial times in their retirement, a little information can go a long way for this well-educated generation.
What Tax Relief Replaces the Children’s Fitness and Arts Credits?
Two federal family tax credits have disappeared in 2017: the Children’s Fitness Tax Credit and the Children’s Arts Amount. Is there anything families can do to shore up tax savings in light of this unfortunate news?
