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:

Taxpayers and their advisors may consider this question more frequently as CRA pushes for more electronic communications, such as the provision of email addresses on this year’s tax return.

This week I had a discussion with a client about what would happen when either he or his wife passed away. 

  The one thing about an electronic age – computers do exactly what they’re told to do – right or wrong!

The Supreme Court of British Columbia recently ruled that a bankrupt’s contingent entitlement to trust funds was property that vested with the trustee in bankruptcy as part of the bankrupts' estate.

Find out about this and more at the 2015 Distinguished Advisor Conference (DAC).  

Substantial tax reform has recently changed the rules for post-death planning for high net worth families.