CRA’s Callback Service for Tax Pros Pilot
Are you a tax professional with years of experience? Have you ever felt frustrated after calling the CRA, having spent hours on hold, wasting your client’s or employer’s time, only to speak to CRA agents who aren’t qualified to answer your questions? The Auditor General of Canada was equally displeased in a scathing report last fall on wait times and accuracy levels at the CRA. Now a new CRA callback service may come to the rescue this tax season. Here is my experience with the pilot project so far:Successful Investing: Buffett’s Simple Approach
“Investing is simple, but it isn’t easy.” I’ve heard Warren Buffett, the world’s undisputed champion of value investing, say words to this effect so often—most recently at a Berkshire Hathaway annual meeting that brought 40,000 of us (me for the 21st time) to Omaha, Nebraska (of all places), on the last Saturday in April of 2016.
Disability Probability: 14% of Canadians Must Plan for It
A reality for retirement income planning specialists is that the difficult subject of “disability probability” must come up. But, the best time to discuss it with clients is when they are still healthy. According to Statistics Canada1 close to 4 million adults had a disability which limited daily living activities in 2012, or about 14% of Canada’s population.
Caring for the Disabled: It’s Tough and You Can Help
As our population ages, disability-related caregiving for family members will increase, but, as a society, how well are we able to cope? From meal preparation and household chores to time off for appointments with doctors or to deal with financial matters, the commitment in caring for the sick, the disabled and dying is enormous and it is exhausting.
Students in the News: David Foth
We love sharing feedback from our recent graduates. This week we feature the success of Mr. David Foth from Saskatoon, who recently graduated from the new T1 Professional Tax Preparation - Basic course.
Life Purpose
"Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence." Helen Keller
Tax Tips: Maximize Change Family Benefit Provisions
Families may soon be out of monthly income due to the cancellation of the Universal Child Care Benefits in July. It’s also time to review and optimize the Family Tax Cut provisions which are no longer available for the 2016 tax filing year. Tax and financial advisors can help.
