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Did you know that in Canada every individual can earn over $950 a month completely tax free? You’ll want to pay particular attention to the “tax credits” you may be entitled to, and how to benefit from them, as you get ready to file your tax return.
R&D Pro-Innovation Inc. v The Queen (2015 TCC 186)
Knowledge Bureau and Manulife Investments, title sponsor of the Distinguished Advisor Conference and co-sponsor of the DAC Young Advisors Award, were delighted to announce last week the inaugural winners of this prestigious award.
Technology has made the obvious possible: In most cases, the CRA already knows what your income is, because they have a copy of your information slips from employers and financial institutions. Now, starting in 2016, for the 2015 tax filing year, CRA is introducing the “Auto-fill my return” function.
Death is never timely, yet it comes to at least one per cent of the population each year. Advisors need to be able to help their clients minimize the income tax consequences before the event occurs.