Knowledge Bureau Report

Every week our experts review the current tax and financial services landscape and bring the highlights right to your inbox. The Knowledge Bureau Report is your one-stop electronic newsletter covering both the Canadian tax and financial services industry.

Stay in the know with the Knowledge Bureau Report.

Filing Deadline Extended, Questions Remain

Posted: April 17, 2014
Posted in: Breaking News, Tax Planning, Current Issue
The Canada Revenue Agency (CRA) has announced a May 5 tax filing deadline extension and an arrest has been made in the "Heartbleed Bug" matter.

Canada’s Taste for Wine is Increasing

Posted: April 17, 2014
Posted in: Breaking News, Investment & Retirement, Current Issue
Canadians have become real red wine connoisseurs, but we still like our home grown beer, too. According to Statistics Canada, alcohol sales throughout the country in 2013 rose 2.2% from 2012, but a change in what Canadians are buying at the liquor store is noticeable.

CRA Error Doesn’t Help Taxpayer on Reassessment

Posted: April 17, 2014
Posted in: Breaking News, Tax Planning, Current Issue
When the Canada Revenue Agency (CRA) errs, can they correct, reassess and require payment even if this is unfair? Apparently yes, based on a recent court case.

Evelyn Jacks: Rest in Peace, Mr. Flaherty

Posted: April 17, 2014
Posted in: Breaking News, Tax Planning, Current Issue
Canada is devastated at the loss of its great Finance Minister, Jim Flaherty, who few would argue was a truly wonderful soul.

Own U.S. Real Property? Know What is Required for Tax Purposes

Posted: April 17, 2014 By: Angela Preteau
Posted in: Your News, Tax Tips, Tax Planning, Current Issue
Many people have taken advantage of the real estate market drop in the U.S. and have purchased U.S. real estate for personal use or as a rental property, but many do so not realizing what owning this kind of property means from a tax perspective.

Who Are Eligible Child Care Providers?

Posted: April 17, 2014
Posted in: Your News, You asked us, Tax Planning, Current Issue
Child care expenses are claimable on form T778 by Canadian residents for services provided by any of the following in Canada (although deemed residents may qualify as well).