Help & Contact: 1 866 953 4769
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?
Valentine’s Day Special: Seasonal Tax Training Package
Our Valentine’s Day Special is a seasonal tax training package, at a price you’ll love. Take any 3 suggested courses for $1,995 - save 25%. This is a great opportunity for business owners looking to increase revenues this tax season, or for people looking to earn extra income. Visit the Virtual Registrar to enrol by the February 28 deadline, and check out our suggested training options for individuals and firms.
RRSP Deadline: Most Won’t Contribute & That Will be Costly
According to a recent survey, more than 56% of Canadians do not plan to contribute to an RRSP this year and an additional 12% are unsure if they will. That potentially means that more than two thirds of Canadians could be at risk of overpaying their taxes or worse, having important social benefits clawed back in this second year of the pandemic. Tax and financial advisors can help by preparing “what if scenarios” before the March 1 contribution deadline.
CRA Enhances Phone Services for Tax Season
Tired of long hours on hold with CRA? There’s good news, CRA has extended call center hours and call back services. While CRA is advising people to go to their website before calling, they’ve also contracted with a third party to help with general questions about pandemic supports. Will these changes help improve service standards for tax season?
Mark Your Calendar: Important Tax Milestones Coming Up
The next three months of 2021 are chocked full of important tax filing milestones. Be sure you help your clients mark their tax calendars and schedule a virtual or phone meeting with you. Here’s a handy tax milestones calendar from Knowledge Bureau.
Poll Results: CRA Should Cut People Some Slack
Given the financial stress people are under during the second wave, should governments suspend audit activities and waive penalties and interest in 2021”? That was last month’s poll question and an overwhelming 75% said yes. However, of those who said no, there were some strong words of disapproval:
