No More Sworn Testimony, But Audits Are Still Stress Inducing
“That” Phrase: it’s one no taxpayer wants to hear – digitally or otherwise. “You’re being audited.” If you’ve had to deliver that news you’ll know that the reaction can range from indignity to shock to panic. Based on the latest piece of legislation before Parliament, you might have to tell more of your clients to buckle up, it’s going to be a bumpy ride. CRA will now have greater powers. Consider this: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?
