News

“Where do we pay income tax if we retire abroad?”

As originally posted on Money Sense. Click the link to see the original article. There are tax implications in both countries if Marianna moves to Mexico full-time. Photo by Mikhail Nilov from Pexels Q. We’re thinking about moving to Mexico full-time when we retire. Where would we pay income tax on our monthly Canadian pensions?

Read More

Five ways the federal budget could affect your taxes

As Seen on the National Post website. Click the link to see the original post. Thinking of buy a new sports car, yacht or private jet in the near future? Better do it before Dec. 31. The Liberals today unveiled its mammoth 724-page federal budget, the first one in over two years, which contained a

Read More

File your 2020 taxes or risk waiting up to two months to receive any COVID-19 financial aid, warns the CRA

Click the link to go directly to the original published article on the National Post website. It is essential that you file your 2020 personal income tax and benefit return by April 30, 2021, warns the Canada Revenue Agency Author of the article: Christopher Nardi Publishing date: Apr 16, 2021 OTTAWA – If you were

Read More

Canadian tax news and COVID-19 updates

Please go to the www.cpacanada.ca website to view current news.

Read More

The DB pension plan business model has failed – and everyone is paying the price

Brent Simmons Contributed to The Globe and Mail Published September 10, 2019 Brent Simmons is Senior Managing Director & Head, Defined Benefit Solutions at Sun Life For the past 20 years, many private-sector companies across Canada followed the same risky strategies for their defined-benefit (DB) pension plans as they did in previous decades. Unfortunately, over

Read More

CRA updates principal residence folio

With the price of real estate skyrocketing, Ottawa is concerned that Canadians are accessing the PRE inappropriately By: Rudy Mezzetta Source : Investment Executive August 23, 2019 00:27 The Canada revenue Agency’s (CRA) revised principal residence exemption (PRE) reporting rules, introduced three years ago, are changing the way Canadians think about a tax benefit that

Read More

2019 Brings Lower Taxes for Small Businesses and More Help for Canadian Workers

News release December 20, 2018 – Ottawa, Ontario – Department of Finance Canada Every day, in communities all across the country, Canada’s small business owners and entrepreneurs work hard to grow their businesses and create the jobs that middle class families rely on. Collectively, small businesses now account for about seven out of 10 private

Read More

Phil Heisz Elder Planning Counselor

Press Release PHILIP HEISZ Qualifies as a Member Of “Elder Planning Counselor” Program TORONTO, ON – A nationally recognized designation, was conferred on Philip Heisz after successfully completing an intense and rigorous test of knowledge regarding current seniors issues.  The “Canadian Initiative for Elder Planning Studies” (CIEPS) course was established as a standard of service

Read More

When the CRA calls:

Jamie Golombek on his 10-month, transit pass reassessment saga Don’t panic if you get a plain brown envelope from the CRA — but some frustration may be unavoidable Originally posted Financial Post website. If you recently received a letter in a plain, brown envelope from the Canada Revenue Agency, chances are it was because your

Read More