Mark Your Calendar: Critical Deadlines for May and June

Tax season never truly ends, it seems, as there are many more upcoming tax filing, investment planning and education milestones to discuss with your clients over the next six months. Check out our handy checklist below and then test yourself – what are the conversation openers you’ll use and with which clients? It’s your opportunity to shine with every member of the household:

Like people, businesses who survive the test of time, thrive over numerous lifecycles, dodging obstacles like economic and tax changes. Tax and financial advisors are important professional partners in the journey.  This is especially true when business owners become so consumed with the day-to-day aspects of running their business that they spend less and less time working on the investment in the business itself.  The advisory role is to help business leaders take a broader view of the company and in process, to shore up business value for an exit down the line.

Last month we took a walk through the history of tax reform in Canada.  This week, we’ll share a timeline of pension reform in Canada with a walk through of significant provisions since 1927, found in the Canadian Museum of History.  But before you take a peek, see if you can answer a short pension quiz, especially if you are a retirement planner or tax advisor:

When it comes to disputes with Canada Revenue Agency, there is a presumption that the individual or company will receive fair treatment by the Agency and under Canadian law. However, a report from Audit Powers Working Group of the Joint Committee on Taxation of the Canadian Bar Association and Chartered Professional Accountants of Canada raises four areas of concern about proposed changes to CRA powers.

An updated report from Statistics Canada at the end of September shows new information of the state of conjugal relationships in Canada.  The findings are interesting and surprising and provide a glimpse into family life in the country, based on the government’s definitions of conjugal arrangements since 1991.

It’s the time to celebrate our innovative risk takers:  the Canadian Entrepreneurs! Small Business week is Oct 20-26!  We are celebrating with Tuition Fee Reductions on Business Tax and Management Courses from Knowledge Bureau.  As a DMA™- Small Business Management Specialist you’ll be position to help business leaders create and implement strategies, processes and plans that develop and enable business growth. Or take advantage of this educational opportunity to scale up your own enterprise to its greatest potential. Check out these special offers for the month of October!

New Capital Gains Inclusion Rates Change the Game: are you prepared to help?  Learn New Year-End Tax Planning Techniques from Our Special Guest Experts. Upskill Your Knowledge, Network Virtually with Canada’s Top Tax Experts plus earn 15 CE Credits before year end!