June 30 Tax Deadline is Looming for Non-Residents
An important deadline is approaching for non-residents with certain Canadian-source income. June 30 is the deadline to file elected returns under Section 216 (pertaining to rental income) and Section 217 (pertaining to Canadian source pension income). There may be significant consequences for missing this deadline as returns received after this date, generally aren’t accepted. Here’s what you need to know:DAW Welcomes National Sponsor Liberty Tax
Knowledge Bureau is pleased to announce Liberty Tax will join the January Personal Tax Update Workshop tour as a national sponsor. Liberty Tax has more than 4,400 offices in North America, including 270 Liberty Tax Service offices in Canada.
Designated Advisors in Tax and Wealth Advisory Services in High Demand
At this time of year, professional tax and financial services are looking for highly qualified personal tax professionals for seasonal tax preparation and planning work Knowledge Bureau’s Distinguished Financial Advisor (DFA) – Tax Service Specialist™ designation bring you up to speed quickly with its online programs; in fact you (or your staff) can begin today.
Director’s Liability and Non-Arm’s Length Transfers
The Income Tax Act and the Excise Tax Act allow the Canada Revenue Agency (CRA) to transfer the tax liability of a taxpayer onto third parties. There is a very distinct role for the tax and financial advisor in assisting their clients with this issue. This and more will be discussed at the upcoming Distinguished Advisor Workshop (DAW), with featured guest speakers in Vancouver Jan. 22 and Toronto Jan. 25.
Family Tax Essentials By Evelyn Jacks
Now available ebook or hard copy.
"Evelyn Jacks shows Canadian families how to use tax planning to save thousands over the years through family income splitting and asset accumulation. This book is a must-read if you want to build wealth and achieve your financial goals." Gordon Pape, bestselling author of Tax Free Savings Accounts.
Life Purpose
"I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel." Maya Angelou
RPP, RRSP OR TFSA? Workplace Pensions Have an Effect on Savings
Do RPPs and RRSPs act as substitutes for one another in retirement savings patterns? At first glance, this appears to be so, based on a new study released this week by Statistics Canada. The big finding is that workers who are self-directed savers benefit less than their co-workers who don’t tend to save enough for retirement when RPP contributions automatically increase.
