Navigating Auto Expense Deduction at Year End: What Clients Need to Know

Doubtless you’ve had clients ask whether they can write off any portion of their vehicle for work or business purposes. And your answer, as always, is: “It depends.” The rules are worth reviewing at year end as they can vary significantly depending on how the client earns their income—employee, self-employed, or incorporated – and this is a deduction that’s often audited. Here’s a practical primer to guide that conversation.

Now that tax season is in full swing, Knowledge Bureau would like to remind you of some key dates to mark in your calendar: Regional DAW Workshops - May 24 to 31, Summer Studies Begin June 15, DAC  Nov 6 -9.

“Money is the sixth sense that makes it possible to enjoy the other five.” - Richard Ney

Investors Breathe A Small Sigh Of Relief, but Losers Include Mutual Fund Holders, Small Businesses, Charities and Certain Families. 

Tax provisions that affect personal taxation for 2016 and beyond.

New 2016 federal budget includes business tax measures addressing tax changes for business income.

Review additional tax measures announced by the Government in the 2016 Federal Budget.