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.
Here’s what to expect in 2019:- Small Business Tax Rate: Last January 1st, 2018, the federal government cut the small business rate from 10.5% to 10%. Starting January 1st, 2019, there will be a further reduction of the small business tax rate to 9%. Because of this tax rate cut, the combined federal-provincial-territorial average income tax rate for small businesses will be 12.2%. - Replacement of the Working Income Tax Benefit: Starting 2019, the Canada Workers Benefit will replace the Working Income Tax Benefit. According to the federal government, the CWB will put more money in the pockets of low-income workers...
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According to Statistics Canada, Canadians now owe nearly $1.78 in credit market debt for every dollar of household disposable income in the third quarter of 2018. The credit market debt includes consumer credit and mortgage and non-mortgage loans. It was previously at $1.69 in the second quarter. Yes, it is a fact that majority of people have debt. And as household debt keeps rising in this time of increasing interest rates, we really need to take responsibility and step up to our debt. We need to ensure that moving forward, we have less debt, not more. Here are a few practical...
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Highlights of the 2017-2018 Annual ReportHere are the key highlights of the Taxpayers’ Ombudsman’s 2017-2018 Annual Report: - New complaints received: 1,922 (up 29% from previous fiscal year)- Issues closed: 2,255 (Up 40% from previous fiscal year)- Two systematic examinations were completed. The Ombudsman recommended the CRA improve its efforts to ensure the timeliness of its response for the Taxpayer Relief Program and that all persons in shelters receive their benefits. According to this report, the most common areas of complaints are: - Delays in processing individual income tax returns;- Lack of clarity in the information received from the CRA regarding...
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Last week, the Office of the Taxpayers’ Ombudsman published its 2017-2018 Annual Report detailing its progress in improving CRA’s services and dealing with taxpayers’ service-related complaints and systematic issues. Background Information:The mandate of the Taxpayers’ Ombudsman is to assist, advise and inform the Minister of National Revenue about any matter relating to services provided to a taxpayer by the Canada Revenue Agency. It is important to know that the Ombudsman operates at arm’s length from the CRA and therefore, acts independently and objectively in examining services issues. However, there are some limitations as to the Ombudsman’s mandate. The Ombudsman’s mandate does...
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KD Professional Services
Monday-Friday 9am- 5pm
102, 221 18th Street SE
Calgary, AB, T2E 6J5

403-219-0602
403-219-0603

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