$1.5 Billion Goes Unclaimed Due to Canadians Not Filing Their Taxes
In a paper titled The Mystery of Unclaimed Tax Benefits published in 2020 the authors found that about 10 to 12 per cent of Canadians don't file their tax returns. And if we look back almost a decade ago (2015) researchers estimated that the benefits lost to working-age non-filers was about $1.7 billion. That number has to be higher today, especially with all the new inflation protection measures being announced recently.
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Need Fast, Authoritative Answers to Tax Questions?
If you’ve been following the news, and you rely on CRA for tax answers, you may be feeling a little nervous about this headline: CRA workers want 'unprecedented' pay raise of more than 30% over 3 years. Regardless of your opinion (advocates say it’s needed, critics say it would 'gouge' taxpayer), tax pros are frustrated with long CRA wait times. What happens if there’s a strike? Cover your bases with Evergreen Explanatory Notes, your authoritative tax research library.
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Last Chance: The Advanced T1 Tax Update – Two Opportunities to Train Your Team
Tax season is just around the corner and now is the time to train new and returning staff to confidently prepare a deep and broad spectrum of returns for employees, families, investors, business owners and retirees. There are two opportunities to learn: in person on February 7 in Toronto and conveniently online any time with recorded presentations. Early registration deadline for tuition savings is January 31.
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It’s Knowledge Bureau’s 20th anniversary and we are celebrating you!
Here at Knowledge Bureau we are absolutely thrilled it’s 2023. We were born in January 2003 and so it’s officially our 20th Anniversary! Please mark your calendar for these 20th Anniversary celebration events – and start participating to win hundreds of dollars in prizes! This month we are celebrating the Marquis Client Award - which is who has taken the most Knowledge Bureau courses.
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