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A thorough analysis of today’s financial news—delivered weekly to your inbox or via social media. As part of Knowledge Bureau’s interactive network, the Report covers current issues on the tax and financial services landscape and provides a wide range of professional benefits, including access to peer-to-peer blogs, opinion polls, online lessons, and vital industry information from Canada’s only multi-disciplinary financial educator.
July 2024 Poll
Starting in July, CRA will provide legal warnings to recover more than $9 billion of overpaid pandemic recovery benefits like CERB. Do you think that is fair?
Travel for Medical Care? Claim Your Deductions
Do you have clients who travelled to another city for medical care in 2017, but failed to keep receipts? It pays to do a little research to maximize their claims. In fact, they don’t need to miss out on the medical expense savings, if you use the simplified method to file. Here are the rules:
Found Money: How Filing an Accurate T1 Pays Off
For many Canadians filing a tax return is the most important financial transaction of the year. Getting the best tax refund is important: not only will it put more of the money you previously earned back in your own pocket, your refund can make at least some of your cash flow and retirement worries go away. Here’s how:
Tuition Rebate Programs Diminishing: What Can You Claim?
Use them before you lose them! That’s the message for parents and post-secondary education students filing 2017 tax returns who are looking for provincial tuition fee rebate programs to reduce student expenses. This is especially so, since the federal education and textbook credits have been cancelled. But the tuition rebate programs are diminishing, too.
CRA Carrying Charges: What’s Not Deductible?
In Part 3 of this series on deductible investment expenses, we discuss costs that are not deductible – a mystery and a surprise to some taxpayers during a tax audit. Here’s more essential information to keep you out of hot water.
Gender Wage Gaps: Women Make Big Strides in Accounting
In the accounting and finance industry, a lot has changed since the 1950s. Today this field is of particular appeal to women, as they now make up a widening majority (58 Percent) of its workforce. Earnings for women have also doubled, making this an excellent career choice.
