CRA Releases 2018 Guide for Self-Employed Taxpayers
The Canada Revenue Agency (CRA) released their T4002 Self-employed Business, Professional, Commission, Farming, and Fishing Income for 2018 on March 15, 2019, but the print version is not expected to be available on April 2. With the April 30 deadline for paying outstanding taxes coming up quickly, that’s very late notice on rules to claim the massive changes made to Capital Cost Allowance claims for asset purchases after November 20, 2018.
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Post-Budget Hot Topics: Discuss the Home Buyers’ Plan Now
The March 19, 2019 federal budget was released last week, and along with it came a few hot topics advisors should consider discussing with clients now. After all, proposed changes to the Home Buyers’ Plan, stock options, and mutual funds will affect Canadians and their wealth management strategies in the coming years. In this edition of KBR, we’ll take a deeper dive on the RRSP’s Home Buyers’ Plan.
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CRA’s Quarterly Prescribed Interest Rate Increases: Avoid Late Filing Penalties
While the CRA has not yet announced the prescribed interest rate for the second quarter (April to June) in 2019, the rate is actually set by the average rate of three-month treasury bills in the first month of the preceding quarter, rounded to the next whole percentage point. Here’s what you need to know:
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NEW! IIAC and Knowledge Bureau introduce the Vantage Breakfast Series: Toronto, May 9
The Investment Industry Association of Canada (IIAC) and Knowledge Bureau are proud to introduce the Vantage Breakfast Series for thought leadership in wealth management. The first event is taking place on May 9 at the National Club in Toronto with an outstanding line up of speakers who will address the theme Wealth Management Issues in a Global Environment. Your invitation appears below. Please RSVP by Friday, May 7.
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2019 Federal Budget: Take a Deeper Dive at the Spring CE Summits
With the federal budget release last week, it’s time to consider what these changes mean to you and your clients. CE Summits is offering a deep dive for professionals in four cities, featuring some of Canada’s leading tax and financial experts. The registration deadline is May 15.
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