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STAY UP-TO-DATE WITH BREAKING TAX AND INVESTMENT NEWS.
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?
Tuition Bonus: Train Your Staff, Simplify Your Efforts, Get Better Results
It’s back to Professional Development School for Knowledge Bureau Alumni, with a special incentive: a super enrolment bonus of $100 off your single course tuition, in addition to VIP Grad Bonuses. But you must register by September 15. Check out the newly updated courses and programs and take a free, guided “Orientation Tour” of the Knowledge Bureau Virtual Campus. Now is the right time to train your staff, simplify your efforts, and get better results with a world class tax, bookkeeping or financial education, only from Knowledge Bureau.
The Limitation Period: Providing Taxpayer Certainty for Tax Audit Risk
When can a taxpayer feel certain that their liability to tax will not change for a taxation year or period? It’s an important question to discuss with clients seeking reassurance on their future tax risk. In fact, limitation periods under the Income Tax Act and Excise Tax Act (HST/GST) provide a level of certainty for taxpayers regarding their liability to tax.
Investors: How to Stay Out of Audit Trouble with TFSAs
The TFSA is an excellent savings vehicle for a variety of purposes including saving for large, long term purposes or providing an emergency fund. But there are some restrictions about the type of assets that can be held in this plan, and how often you can trade them, something advisors and clients will want to chat about to avoid a tax audit problem.
How to Determine Whether a Gain is Income or Capital?
Your client has just flipped a principle residence, sold a speculative piece of property or traded frequently in his or her TFSA. Is this a business transaction, a capital gain or an exempt transaction? In order to determine whether a gain is of income or capital nature, there is no determinative test. However, there are some clues to follow in anticipating the tax outcome and an important precedent-setting case.
DAC Sneak Peek: Meet Our Speakers & This Year’s DAC-in-a-Box
The experience at this year’s Virtual DAC Acuity Conference may just beat out last year’s – which the Globe and Mail touted as one of Canada’s most innovative virtual conferences. Check out this sneak peek through our new speaker videos and DAC-in-a-Box program guide, and then enrol by September 30 to take advantage of early-bird tuition prices.
