KD Professional

KD Professional

KD PROFESSIONAL is a group of interconnected companies offering a wide range of financial, accounting and tax services to individuals and businesses across Canada.

Through our experienced staff and strategic alliances, we provide exemplary service and solutions to maximize your cash flow, while preserving Wealth.
How do you get started with Estate Planning? First off, getting started with your estate planning involves a lot of details and can be quite difficult so ensure that you seek assistance from a trusted financial advisor. To start the process, you will need to review two things: - Your assets and liabilities – you will need to take an inventory of your assets and liabilities so you have a clear picture of what is in your estate. Remember to work with your financial advisor to know what the after-tax value of your estate may be. - Your family’s needs to...
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This month, we will be focusing most of our blogs on Estate Planning. In partnership with Keith Durling, Veteran Financial Advisor and 2-time President’s Cup Team Member with Investors Group Financial Services Inc., we will share with you what you need to know about Estate Planning. For starters, let’s take a look at what Estate Planning is. Estate planning is the process by which an individual plans to pass on his or her wealth, including investments and life insurance, upon death to a chosen person (investorsgroup.com). The main goals of estate planning are as follows:- To preserve / enhance / maximize...
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The CRA has recently announced that it is publishing a series of studies on Canada’s tax gap. Tax gap is the term used to describe the difference between the government’s potential tax revenue and the actual taxes collected.To examine the different parts of the gap, the CRA conducted four studies: 1. A conceptual study on tax gap estimation (June 2016)2. An estimate of the tax gap for GST/HST (June 2016)3. A report on domestic personal income tax compliance in Canada (June 2017)4. International Tax Gap and Compliance Results for the Federal Personal Income Tax System (July 2018)The fourth study, the latest...
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The Canadian Government through the Department of Finance recently released a draft technical changes to the Goods and Services Tax / Harmonized Sales Tax (GST/HST) rules for sales of carbon emission allowances, such as those traded in cap and trade systems. Effective as of June 27th, 2018, the purchaser of carbon emission allowances is responsible for self-assessing the tax amount when the GST/HST is payable on such a sale. This change replaces the previous requirement where the seller of the allowance collected the tax from the purchaser and remitted it to the CRA. The Department of Finance notes that this rule...
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KD Professional Services
Monday-Friday 9am- 5pm
102, 221 18th Street SE
Calgary, AB, T2E 6J5

403-219-0602
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