Advanced Income Tax Rulings

The federal government has taken steps recently to attract more investment in Canada. That’s sure to create some new tax questions that require Advanced Income Tax Rulings (AITR). A new measure to facilitate a faster response was announced on September 14 and is intended to attract business investment of large amounts. Specifically, for investments of $1 billion or more, the CRA will prioritize advance income tax rulings. The measure took effect the day it was announced. Here’s what you need to know:

Knowledge Bureau is pleased to present the Four-Pack!  Four in depth half day virtual Mini-Summits you can access immediately to brush up on your personal tax knowledge in time for tax season 2025!

Do you enjoy solving problems, working with numbers and helping others?

The tax filing season officially started February 24 and as usual, early filers are anxious to receive their refunds.

With the March 3 RRSP deadline around the corner, it’s time for an important primer on the three prime registered savings plans for Canadians are Registered Retirement Savings Plans (RRSP’s) Tax Free Savings Accounts (TFSA’s) and Registered Pension Plans (RPP’s). Why?

Many taxpayers are receiving electronic notices from the CRA reminding them that March 15 is coming up. That’s the day that the first quarterly tax instalment remittances are usually due for the new year, but because that day falls on a Saturday this year, the due date is March 17. The issue in a cash strapped world, is whether you really need to make these payment. Here is a backgrounder to guide you:

Statistics show that 97.8% of of the employer business in Canada are small businesses. This means if you have built a tax filing business serving individuals and households only, you’re missing out on a big share of the market.