RLB Blog

If recent media attention, a job offer, travel plans to the U.S., or a new investment opportunity has you concerned about your U.S. personal tax filing requirements, you are not alone. Our U.S. tax team frequently gets asked this question.

Filing tax returns as a post-secondary student can be challenging and all very confusing - we want to help! You and your family can benefit from student-based tax breaks available to Canadian taxpayers. Continue reading my blog to learn more on how you can use a combination of the following tips and tricks to save money for your education.

On December 22, 2017, President Trump signed into law H.R. 1 (originally known as the “Tax Cuts and Jobs Act”). Included are some of the most extensive changes to the US tax reform in years, discussed below.

Accounting standards for review engagements have been established and utilized for over 25 years. However, the current set of standards in use for review engagements is set to change for entities with financial statement dates ending December 14, 2017 or later. In order to better align Canadian financial statements with international standards, enabling better, more consistent reporting domestically and abroad, our governing bodies have taken steps to expand the review standards to fit better with International Standard on Review Engagements (ISRE). The result is the new Canadian Standard on Review Engagements (CSRE 2400).

The Canada Revenue Agency (CRA) warns Canadians to not be misled by the tax protest movement or their schemes. Often accompanied by products or claims too good to be true, tax protesters may try to mislead you by claiming that as a “natural person”, you are exempt from income tax obligations.

On the morning of July 19th, the offices of RLB came alive with action. I’m sure many other accounting firms also experienced the same sense of liveliness in the middle of what is generally a very quiet time in our industry. The culprit for our sudden burst of action… Finance Minister Bill Morneau and his consultation paper presenting tax changes for private corporations in 2017 and 2018.

On the morning of July 19th, the offices of RLB came alive with action. I’m sure many other accounting firms also experienced the same sense of liveliness in the middle of what is generally a very quiet time in our industry. The culprit for our sudden burst of action… Finance Minister Bill Morneau and the proposed tax changes for 2018.