Red Ink on the Prairies
A day after Quebec’s Finance Minister Eric Girard brought down a Budget featuring a $6.3 Billion deficit, Saskatchewan’s Finance Minister Jim Reiter tabled his government’s budget on March 19. Next up was Finance Minister Adrian Salas, who tabled the Manitoba Budget on March 24. The common thread: there’s lots of red ink on the Prairies. But that’s where the budget documents differ between Manitoba and Saskatchewan. Here’s the latest tax news and why it matters to the advice you give your clients.Accountants Must Get Source Deductions Right
Payroll must be right and it must be on time for two reasons: to keep your employees and to keep out of expensive and time-consuming audits from CRA. That’s way it can be a sound investment for any small business to insist on professional certification in advanced payroll management.
People in the News
"Shortly after completing my DFA designation program, I was approached by a Turbo Tax recruiter to apply as a remote tax advisor. After completing their application process of a written exam and phone interviews I was offered the position over the other 700 plus applicants." Liam Pollard, MFA™, DFA - Tax Services Specialist™, Saskatchewan
Life Purpose
“We can’t solve problems by using the same kind of thinking we used when we created them.” Albert Einstein
Canada’s Blessings: Wealth Has Grown Over Time
There are so many reasons to count our blessings as Canadians; in the financial arena, one of them is the growth in Canadian wealth over time. While we are behind the US by 22% in terms of wealth per adult ($270,200 vs. $344,700), in Canada wealth has grown at an average rate of just under 6% in the period 2000-2016, and an average of 6.5% since 2010. Why are we so lucky?
Moving Expenses Part 2: What’s Deductible and What’s Not?
Last week Knowledge Bureau Report discussed who’s eligible to make a moving expense claim. This week: what’s deductible and what’s not?
Year-End Tax Tips: Claiming Auto Expenses
Are you using your automobile for work or for your own business? Perhaps you are unsure whether you should make a claim for auto expenses this year; or maybe you suspect you aren’t claiming everything you are entitled to. This is a good reason to see your tax advisor, and make sure you are prepared to make a full claim.
