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:

How time flies when you’re having fun!  The end of 2015 is fast approaching, and what a wonderful year it has been working with all our amazing students and strategic partners at Knowledge Bureau. We want to take this opportunity to wish you a very happy holiday and thank you sincerely for sharing knowledge with us in so many ways!

Year end is a great time to reflect on your accomplishments: at work, in your family and in your personal life. For advisors, the power of the storytelling over eggnog and holiday treats can lead to important insights to help clients make the right decisions about their time and money; a key message recently delivered by Todd Hynes, Vice President of Sales at Ivari.

Knowledge Bureau is excited to introduce a new convenient, online learning opportunity:  continuing professional education on video – a great new way to earn 6 CE/CPD Credits.

The new T1135 Foreign Income Verification Statement was released last week, and it requires attention by clients who hold offshore assets. It will be discussed in detail at the Distinguished Advisor Workshops, being held January 20-25, 2016. However, cross-border issues in general present a significant opportunity for tax and financial advisors.

It’s more important than ever for Millennials and their Boomer parents to start discussions about multi-generation tax, retirement and financial planning, and after dinner story-telling over the holidays is a great way to start a new financial journey in 2016.  Just how do you build a Wealth Purpose with a Tax Strategy?  Evelyn Jacks’ Family Tax Essentials will provide you with some great new ideas!

Note our head office staff will be taking a well-deserved family break from noon December 24, returning bright and early on January 4.  We remind you to register for the Distinguished Advisor Workshops by December 31.  For personal assistance, call us this week.  But you can still register and study online throughout the month.