Shannon Warawa, CPA, CA
Shannon Warawa joined KWB in September 2005. Shannon received her Bachelor of Commerce from the University of Alberta in 1999. After articling with PricewaterhouseCoopers for three years, she was employed with Howard Kirkpatrick Associates during which time she obtained her C.A. designation. She marked practice questions for the 2004 Uniform Evaluation. In 2017, her name was added to the coveted Bunnock trophy when her team took 1st place in KWB’s 10th Annual Bunnock Tournament.
Shannon works part-time, is married and has 3 children. Away from work, she enjoys camping trips with her family, reading, attending her children’s basketball, hockey and lacrosse games. She has also been the volunteer Treasurer on the Parent Council of her children’s elementary school for the last number of years.
Other Posts by Shannon
Direct Beneficiary Designation – RRSP or RRIF
If you are considering a direct beneficiary designation for either a Registered Retirement Savings Plan (RRSP) or a Registered Retirement Income Fund (RRIF), you should be aware of some negative consequences that can occur. A direct beneficiary designation can result in unintended tax consequences to the estate, the inequitable treatment of heirs or the distribution […]
EI, OAS and CPP Rulings
Employment and Social Development Canada (“ESDC”) is responsible for EI, OAS and CPP rulings, not Canada Revenue Agency. On April 1, 2013, the Social Security Tribunal (“SST”), an independent administrative tribunal operating at arm’s length from ESDC, was introduced to review appeals on EI, OAS and CPP rulings made by the ESDC. The process to […]
CRA Fraud Protection
Canada Revenue Agency and police again warned taxpayers of randomly targeted fraudulent telephone calls and e-mails that are being sent out as CRA fraud. These phone calls and e-mails are not from the CRA. Annually the number of CRA fraud scams rise near the April 30th tax deadline. The phone call scams are imposters trying […]
Top 4 Financial Tips for the New Parent
Here are our top 4 financial tips for the new parent: Apply for a Social Insurance Number (SIN) for your child: It’s a good idea for you to apply for a Social Insurance Number for your child as soon as they are born. This way, you will not be left scrambling to obtain one when your […]
Graduated Rate Estates – New Rules for 2016
Starting for 2016 taxation years, inter vivos trusts, trusts created by will and certain estates will be subject to the top taxation rate. There are two exceptions to this change: graduated rate estates and qualified disability trusts. Graduated tax rates will still apply to these types of estates and trusts. Income earned and retained in […]
Estate Planning Gifting Strategy
An estate planning gifting strategy is basically when you start to give away some of your assets prior to death in order to optimize taxes within the family. Usually, an estate planning gifting strategy refers to how we will distribute our assets when we die. But you might be overlooking significant tax savings by not considering […]
Applying for a trust account number or asking for a clearance certificate
Applying for a trust account number Trustees can apply for a trust account number before filing their T3RET, T3 Trust Income Tax and Information Return. Trust account numbers start with the letter “T” and are followed by an eight-digit number. You can use Form T3 APP, Application for Trust Account Number to apply for a […]
US Tax Filing
Are you a US citizen? Do you spend more than 120 days per year in the US? If so you may be required to file a US personal tax return.
T1135 Foreign Income Reporting
Canada Revenue Agency (CRA) has further revised form T1135, Foreign Income Verification Statement. The T1135 is designed to request more information on foreign property in an effort “to better target international tax evasion and aggressive tax avoidance”. While the reporting requirements have changed, the criteria for those who must file form T1135 has not. The form […]
T1135 – Foreign Income Verification Statement
Starting with the 2013 taxation year, Canada Revenue Agency has revised their form T1135,Foreign Income Verification Statement to request more information on foreign property in an effort “to better target international tax evasion and aggressive tax avoidance”. While the reporting requirements have changed, the criteria for those who must file form T1135 has not. The form […]