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.
On Dec. 15, the Canada Revenue Agency (CRA) announced the prescribed annual interest rates in effect from January 1 to March 31, 2016, confirming there are no changes to the prescribed interest rates since last quarter with the exception of one category: the interest rate for corporate taxpayers’ pertinent loans or indebtedness.
Last week, form T1135 “Foreign Asset Verification Statement” was released for 2015. As promised, the form now includes a simplified method for reporting assets where the taxpayer owns specified foreign property with a cost base of more than $100,000 but less than $250,000.
Knowledge Bureau is excited to introduce a new convenient, online learning opportunity: continuing professional education on video – a great new way to earn 6 CE/CPD Credits.
Just how good is your tax knowledge these days? Are you up for a little year-end tax test to see just how much you need to “shake out the cobwebs” before tax season 2016? Here’s how it works: tell us the significance of these numbers that will appear on the 2015 T1 Return: $2093, $7033, $7899, $11,327, $15,255, $25,370, $35,466, $72,809 and $140,944.
It’s more important than ever for Millennials and their Boomer parents to start discussions about multi-generation tax, retirement and financial planning, and after dinner story-telling over the holidays is a great way to start a new financial journey in 2016. Just how do you build a Wealth Purpose with a Tax Strategy? Evelyn Jacks’ Family Tax Essentials will provide you with some great new ideas!