Back to School Tax Breaks
Like tax season, back-to-school season rolls around annually with certainty. But in today’s inflationary environment, the start-up costs for getting the family organizing for the school year may seem daunting. The good news is that tax and financial advisors can help clients understand their tax planning options and manage all the receipts that can lead to tax breaks later in the spring during tax filing time. Here’s a primer of topics you may wish to discuss:Campgrounds Back in Tax News
CRA has provided an update to its audit position on campgrounds and the use of the Small Business Deduction when there are fewer than five full time employees. The degree to which significant additional services are “integral to the success of its business operations” will make the difference for campgrounds which do a bit of both: in fact the more services provided, the better the chances that the SBD may be allowed.
Poll is Close: Who Should Fund Child’s Education?
Knowledge Bureau’s August opinion poll is asking an important question about education funding and our readers are providing some thoughtful and vibrant answers; that’s why the poll results appear to be coming in neck and neck. What do you think?
Canada’s Would-Be Astronauts: What Financial Advice Would You Give?
Who knew Canadians are this adventuresome? Last week, CBC reported that close to 4000 people - most of them men – applied for one of two positions to be blasted into space. If any life event change speaks to the need for immediate tax, estate and family wealth planning, this would be it!
Qualified Tax and Accounting Professionals are in Demand
According to a recent survey by Robert Half, 2017 Salary Guide, Accounting and Finance, professionals with tax and audit experience are in particular demand in the public accounting sector and salaries in these areas are increasing. Tax accounting, in particular, is an excellent skill and a great “foot-in-the-door” to get experience and insights in an expanding industry.
New and Improved: Free Trials and CE Credit
Knowledge Bureau has improved the opportunity for our students to enrol risk free in our online educational products and earn CE credits while they are doing so. Whether you are a potential student, a prior student or an employer looking for training opportunities, check this out.
Life Purpose
"If money is your hope for independence you will never have it. The only real security that a person* will have in this world is a reserve of knowledge, experience, and ability." Henry Ford
