Capital Gains Chaos: Extensions & Unprecedented Delays to Tax Season 2025
Stop! Don’t file a T1 or T3 tax return yet, says a March 11, 2025, news release from the CRA, if you have been impacted by the chaos of the proposed capital gains inclusion rate increase.Breaking News: Retrain Manitoba Program
APPLY NOW: A $12.5M Retrain Manitoba Program that was just announced will reimburse Manitoba businesses up to $2,500 per employee for any training relevant to their industry and role. Tax accounting and financial services business owners can use the money to train new and returning staff for tax season 2022, retroactive to April 1, 2021 will also be eligible to apply for reimbursement. Those who have trained their teams with Knowledge Bureau, and meet all other criteria, will be eligible for reimbursement through this program.
CCB Young Child Supplement 2021
Canada Child Benefit (CCB) amounts increased again in 2021. Technically, the base amount did not change until July, but a supplement was added for younger children for the full year. This supplement has a big acronym attached to it: the Canada Child Benefit Young Child Supplement (CCBYCS).
New Marketing Trends: Become Digitally Disruptive to Grow
The global pandemic has driven millions of consumers to online shopping and digital commerce, and that has altered their relationship with tax accounting and financial advisors’ firms too. Will things ever go back to the way they were? Likely not, but here are four important marketing tips that can help you propel your business growth in 2022 from a leading Canadian social media expert.
DAC Martini Vent A Big Hit
Jennifer Snyder, CEO of Doyenne Financial hosted a Martini Vent at DAC 2021 where delegates could discuss highlights (the rose), opportunities (the bud) and challenges (the thorn) they have faced over the past year while enjoying a home-made martini with ingredients (in a flashing martini glass) included in the DAC-in-a-box at a fun networking event. Indeed, there were some wisdoms amongst the olives:
Family Business Transfers at Tax Risk
Unsure about transferring the family farming or fishing corporation or small business corporation to your child or grandchild under the current taxing environment? There is good reason, considering a reprieve family businesses obtained with the passage of private members’ Bill C-208; has now ended effective November 1.
$7,000: CPP Premiums Increase Challenging Gig Workers
CRA has announced the CPP maximum pensionable earnings and premiums payable by employers and employees for 2022. Self-employed gig workers will want to be sure they understand the obligation: $6,999.60 is required to be remitted – just forty cents less than $7,000 – if net income is $64,900 or higher. For others with lower income levels the employer/employee rate is 5.70% each. Your taxes will need to be remitted about that. Here are the details:
