Changes to Paper Filing Disempowering
Last tax season, only 7% of all Canadian tax filers filed on paper. The CRA is pushing for zero. It continues to steer the holdouts to digitized filing by adding lots of obstacles. Most recently, it is removing almost all the schedules from the tax return package it mails. This seems unfair to people who paper file because they can’t afford a computer and internet, distrust the security of online filing and those who are neither tax or computer literate. Here’s what they are up against:Pre-Budget Analysis: Finance Canada Priorities
A Federal budget date is expected soon after Prime Minister Trudeau and Finance Minister Morneau return from this week’s meetings with the new U.S. administration.
Understanding Your Credit Score and Credit Worthiness
Which Canadian age group has the best credit scores? Which has the worst? What is yours and how can you improve it? Knowing what is in your credit report is important. If you have a poor credit history, it could be harder for you to get a credit card or a loan. It could even affect your ability to rent a house or get hired for a job.
Cross Border Tax Changes for 2017
Several new tax filing changes should be noted by advisors working with Canadians who have assets in the United States or U. S. citizens living in Canada.
DAC: A Strategic Look at The Crossroads of Change in The Financial Services
At a time when governments are more closely monitoring changes in global GDP growth, the effect of protectionism, rising commodity prices, currency fluctuations and sluggish business investment and their effects on the long-term financial well-being of Canadians, the 21st century wealth advisor needs to better understand the strategy behind the tax efficient investment recommendations made to the families he or she works with. That’s the key reason why attendance at DAC is critical to your success.
NEW! Stay onside with CRA with a New Certificate in Advanced Payroll Preparation
The technical side of payroll, if done incorrectly, can cost both the employer and the employee unnecessary and unexpected tax remittances, interest and penalties from the Canada Revenue Agency. You can be the professional to solve these concerns by starting a new certificate course online this week.
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