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.Tax Tips: Employed Abroad? Your Tax Refund Could Be Bigger
Taxpayers who performed services outside Canada for more than six consecutive months during 2015, for either a qualifying Canadian employer or a Canadian-owned foreign affiliate, will qualify for a special tax credit.
Your Practice: Empathy is the Currency of Trust
Tax and financial advisors agree: more than ever, empathy is a key ingredient of successful advisor-client relationships. This was borne out in a presentation by Craig Dowden, Ph.D., at the recent Distinguished Advisor Conference. Registration is now available for this annual event, being held in San Diego, November 6 – 9, 2016.
It’s Not Too Late to Take the New Basic T1 Tax Course
Knowledge Bureau’s recently updated T1 Professional Tax Preparation – Basic course introduces a proven process for consistently accurate T1 tax preparation services, with a professional client interview and documentation management system, now featuring case studies using 2015 professional tax software.
Life Purpose
“No one can make you feel inferior without your consent.” -Eleanor Roosevelt
Ontario Registered Pension Plan Postponed
The Ontario government has reversed it's January decision to launch the Ontario Registered Pension Plan (ORPP) in January 2017 regardless of what the federal government does with CPP. This week, the Ontario government has announced that it will work together with the federal government to achieve the mutual goal of improving pensions.
Max the RRSP Now to Maximize the New CTB
Families who wish to maximize the anticipated new Child Tax Benefit (CTB) for 2016/2017 have less than two weeks left to reduce 2015 net income using an RRSP contribution. The deadline is February 29. For these reasons, Knowledge Bureau has updated its Income Tax Estimator to assist with the calculations.
