Update On Trust Tax Filings
On March 3, 2025 CRA issued an update on the confusing trust filing requirements for tax year 2024. What’s important to know is that when filing of the T3 return, and the T3SCH15 Beneficial Ownership Information of a Trust form is required, the deadline is coming up soon: March 31, 2025.New Advisor Award: Nominations Accepted Until September 15
Nominate someone you know for the DAC New Advisor Award today!
DAC 2022: Financial Peace of Mind Through the Emotional Despair of Climate Change
Estate Planning: Finding Financial Peace of Mind Despite Next Gen Despair
Business Leaders: Future-Proof Your Practice
Gender Inclusion: Acknowledging and Servicing Transgender, Non-Binary and LGBTQ2+ People.
It has never been more apparent than now that gender norms are changing, and these changes are here to stay.
DTC Claims For Diabetics and Others: Your Money is Coming
Good news! CRA is reviewing previously denied claims for the Disability Tax Credit (DTC) under expanded eligibility criteria available for the 2021 tax filing year.
Preserving Capital in Inflationary Times
Preserving capital in the current environment includes three goals: managing the financial triggers caused by the current environment, understanding the tax-efficient "wealth horizon", and preserving income-producing capital in advance of transition events: retirement and death of a taxpayer.
Tuition or Canada Training Credit?
Starting in 2020, most taxpayers between the age of 25 and 65 began earning an entitlement to the Canada Training Credit of $500 per year. In order to claim the credit, the taxpayer has to have eligible tuition fees for the year. So, what’s the difference between claiming the tuition credit and the Canada Training Credit?
