One year later, here's a deep dive
Help clients who are between jobs
During tax season, the last thing you want is to miss out on savings for your clients.
Why read this? Your client is a B.C. logger or resident. What to do Claim the Logging Tax Credit If your client paid provincial logging tax, she may be able to claim a federal credit. The credit is the lesser of either 6.6667% of her logging income for the year, or two-thirds of the provincial […]
Use this list to help your senior clients ensure they claim the most common tax credits, deductions and benefits for which they’re eligible. Read: Essential tax numbers Pension income splitting — Those who receive a pension may be eligible to split up to 50% of eligible pension income with a spouse or common-law partner. Guaranteed […]
Good tax planning should happen year-round. So help clients get off on the right foot.
CRA has posted changes to services for the 2017 tax-filing season. The following are new: Express NOA delivers an instant message regarding a filing, and then, within 24 hours, delivers the notice of assessment directly into EFILE-certified tax preparation software. To receive an express notice of assessment, tax preparers must have CRA credentials and have […]
If your clients fish for a living or own a business in Atlantic Canada or the Gaspé peninsula, the Canada Revenue Agency has special tax breaks for them.
It was a whirlwind year for tax changes. Here's more on how to help clients.
The slow speed of government decisions, which can take months or years, costs Canadians time and money.