Prepare for Tax Season 2024 with the CE Savvy™ Tax Audit Defence Strategies Collection

Things are changing quickly in the tax world and we have a great way to stay on top the critical changes to tax planning and new burdens of proof with the new CE Savvy™ Collection – Tax Audit Defence Strategies.  You can earn 5, 15, or 30 CE Credits before year end, too. Here’s why professional advisors cannot miss this opportunity to come up to speed with the complex rules from the March 28, 2023 budget, the August 4, 2023 Draft Legislation and more in preparation for the upcoming tax season.

New developments at Finance Canada stemming from the March 28, 2023 budget, including draft legislation, consultations and explanatory notes have led to the implementation of the new audit potential:  documentation for the new refundable Multigenerational Home Renovations Tax Credit (MHRTC), the First Home Savings Account, the new GAAR, which is changing the burden of proof and the very definition of tax planning, and the  Underused Housing Tax (UHT), which has an extremely broad scope – especially for CCPCs, partnerships and trusts which hold residential properties held in 2022  - and a complicated new tax return filing requirement with an extended deadline of April 30, 2024 for both the 2022 and 2023 filing years.

Why Is the Tax Audit Defence Strategies Collection Timely?

A Taxfiler’s Audit Defence a critical skill because a taxpayer’s filing relationship with CRA comes with the potential for audit.  Learn why and how CRA conducts its audit activities to prepare audit proof tax returns and defend them when CRA requests justification. Then learn how to apply important tax audit defence strategies to the tax filing transactions advisors and clients participate in. New this year:  CRA can make “Refund Verification Requests” – lengthy questions to be answered about business, rental and residency – before issuing refunds to taxpayers.

The landscape and the relationship with CRA has definitely changed for all taxfiler generations – from GenZs, the Centennial Generation (born in 1997 to 2012) to the Greatest Generation (born before 1928).  

Sharpen your audit defence skills and then have more complete conversations about tax compliance with your clients this tax season: 

What You Will Learn

Table of Contents

Course 1 – Introduction to Tax Audit Defence Strategies

Course 2 – Meeting New Obligations in a Tax Audit

Course 3 – New Issues in Real Estate Taxation

Course 4 – Real Estate Asset Management & Reporting

Course 5 – The New Underused Housing Tax

Why Take this  Collection of comprehensive modules?  Along with 5  comprehensive online micro courses in one, you’ll receive powerful presentations from noted tax experts given at the September CE Summit.   Attendees Commented on the fantastic Learning Experience and Curriculum:

“The knowledge bureau by far is the best educational platform for taxation and other designations.  Don't know where I would be without it! I find every workshop very educational!  It keeps you thinking and looking at how fast everything is changing in the Tax World!” – Irene Arnold

“This was fantastic information on UHT and audits.  The explanation on the GAAR was also really good . . . CE Summit and the Knowledge Bureau courses are above and beyond any other training as they get right to the heart of the matter.” – Joanne Thomas

“I have been studying with the Knowledge Bureau for the last few years and always recommend it to colleagues and in my bookkeeping FB groups, etc.  The summits are always so informative and a fountain of knowledge.  I don't think that there has been a speaker that I didn't like.  KB is a fantastic institute!  Happy 20th!” – Johanne Brelis

“In order to be relevant, one must be relevant. Knowledge Bureau educational programs make us relevant in the tax preparation industry. Our office recommends that our staff take at least one course or CE summit day. They’re jam packed with educational content that is current. Thank you!” – Kamla Lambert

“Very resourceful and knowledgeable information to use in accounting and taxation practice.” - Valentina Hulaj

“The Knowledge Bureau always provides the most up to date information on all the new and complex issues in a manner that is clear, concise and engaging.” – Kareen Rekowski

“The information really helped to fill in the blanks with new and emerging trends and government changes. These are important as professionals to stay up to date with.” – Amanda Glover