TaxMatters@EY – July 2016
Tax issues affect everyone. To help you get up to speed on the latest hot topics, the July issue of Canada’s TaxMatters@EY is now available. Read about why, when withdrawing funds from a registered education savings plan, it’s important to give specific instructions to the promoter on the nature of amounts to be distributed in order to prevent unexpected tax consequences for students and their parents.
This monthly bulletin includes recent tax news highlights, resources and publications.
The July issue also features:
- A primer on registered education savings plans
- How the digital economy is transforming companies’ tax functions
- What you need to know if you want to make adjustments to your T1 tax return after you file
- A recent Tax Court of Canada decision on what constituted valid waivers on a T1 adjustment