October 1 - Important Changes Coming to VDP
Effective October 1, 2025, important changes will be made to the Voluntary Disclosures Program (VDP) at the CRA in order to make it easier for taxpayers to correct unintentional filing errors or omissions. The details on how the changes will affect your clients are being discussed in the CE Summit held September 17 and this course is now available for online enrolment and CE accreditation, after the virtual event. Here are some highlights of the changes.DAC Acuity 2022: Wealth Management – Strategic Philanthropy
FIRESIDE CHAT: DOING GOOD
You’ve likely heard about social financing: the collaborative investment of public, private and philanthropic funds to re-image our economic structure to build a “Social Infrastructure Network”. At it’s core – doing good is the big idea.
GAAR Changes: Will You Meet September 30 Consultation Deadline?
An important discussion is taking place in Canada and tax professionals will not want to miss their chance to weigh in by the September 30 consultation deadline. Specifically, the federal government wishes to “modernize” the GAAR – General Anti Avoidance Rules - after a series of 24 losses in court. Here are the issues:
Three New Government Benefit Programs Start in 2022
The Federal government announced three new refundable benefit programs on September 13, which will put extra money in the pockets of individuals and families.
Deadline: Sept 25 – End of Temporary EI Benefits
During the pandemic, the federal government put temporary changes to the Employment Insurance (EI) program in place. These special programs will end on September 25, 2022. Employers will want to refresh their memories both on the pandemic response rules, and now, the return to normal for the purposes of informing management and/or payroll departments who may receive questions from departing employees:
The TFSA is About to Get Better
There may be one silver lining to all this inflation…the Tax-Free Savings Account (TFSA), arguably the best savings vehicle available to Canadians, is about to get even better.
Hedge Inflation Erosion With These Tax Tips
There are four important strategies to maximize income with tax efficiency during both inflationary and potential recessionary headwinds. Consider introducing them to your clients as part of your fall tax filing strategies:
