Advanced Income Tax Rulings
The federal government has taken steps recently to attract more investment in Canada. That’s sure to create some new tax questions that require Advanced Income Tax Rulings (AITR). A new measure to facilitate a faster response was announced on September 14 and is intended to attract business investment of large amounts. Specifically, for investments of $1 billion or more, the CRA will prioritize advance income tax rulings. The measure took effect the day it was announced. Here’s what you need to know:Seven Reasons to Go Back To School with Knowledge Bureau
Today’s professional tax and financial advisors work within a changing environment in which clients are more willing to pay for knowledge and interpretation. Highly informed clients, especially Millennials and their retiring parents, demand an expanded knowledge base in the value proposition they are willing to pay for.
Knowledge is Power – Here Are Ways to Afford It
Knowledge is power, but education is expensive. What are the funding options? Join us in this first of a series to sort it all out. Bottom line: it depends on who you are and where you live. Our veterans, for example, have just had the lovely news that up to four years of free education at a post-secondary school may be possible.
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.
