New Consultations: Modernizing Tax Rules for Charities
As the last remnants of a scrumptious Thanksgiving weekend subside, it is appropriate to take a look at the health and issues surrounding the charitable sector in Canada. Serendipitously, the federal government is seeking your views on how the tax rules for registered charities and the Canada Revenue Agency’s (CRA) administration of these rules could be modernized. A new consultation was launched on October 8 and here’s what the government wants to know, by December 3, 2026:Unemployed? Check Out Consequences on the Tax Return
Statistics Canada released new unemployment numbers for February on April 21, 2016, and unfortunately, on a year-over-year basis, there were close to 35,000 more EI beneficiaries this February than there were in the same month a year ago—an increase of 6.7%.
Dave Christianson Sets a High Bar as MC of DAC 2016
Over the past 12 years the Distinguished Advisor Conference (DAC) has set a high bar for leaders in the professional financial services by encouraging strategic thought in their provision of wealth management advice.
Growth and Transition of Business: Focus of New Certificate Course
The tax filing deadline for proprietors is midnight June 15; this is also a great time to discuss transitions for growth with owner-managers: incorporation or transition to the next business owner.
Mark Your Calendar
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.
Life Purpose
"When you reach the end of your rope, tie a knot in it and hang on." Franklin D. Roosevelt
Tax Tips: If You Withdrew Funds from a RRIF, Check With Your Advisor Now
Did you know that beginning with the 2015 tax year, the minimum required taxable withdrawal from a Registered Retirement Income Fund (RRIF) was reduced? Did you claim the amount correctly on your 2015 tax return as a result?
