Knowledge Bureau Report

We Report, We Teach, We Tweet.

Knowledge Bureau is your leading financial education network. We cover the most current issues in the tax and financial services landscape, interpret them and bring the highlights right to you. You’ll learn about taxes, investing, retirement, estate and business planning.

Stay in the know with the Knowledge Bureau Network. Get breaking news by email, use practical tools for answers, read influential blogs, take quizzes, watch short financial lessons, learn professional skills online, at regional workshops and conferences.

Budget Season 2019: A Provincial Round-Up

By: Evelyn Jacks Posted in: Strategic Thinking, Current Issue, tax credits, Evelyn Jacks, basic personal amount, refundable tax credits, Manitoba budget, provincial budget, provincial budget 2019, Manitoba Budget 2019, primary caregiver tax credit, pension income amount, veterans well-being act, small business income limit, small business venture capital tax credit, Manitoba book publishing tax credit, cultural industries printing tax credit, film and video production tax credit, manufacturing investment tax credit, expanded fuel tax exemption for forestry, Manitoba Income Tax rates, provincial income tax rates
It’s 2019 Budget Season and there is lots of news. In Manitoba it was particularly good news on budget day on March 7, following B.C. on February 19. Meanwhile our two northern territories, the Northwest Territories and Yukon announced theirs on February 6 and March 7 respectively. What are the details?  Read on! Then, don’t miss the Knowledge Bureau Special Federal March 19 Budget Report next week.

Charitable Sector Reform: CRA Lifts Suspension on Audits and Restriction on Political Activities

Posted in: Strategic Thinking, Current Issue, CRA, Canada Revenue Agency, philanthropy, CAGP, Spire Philanthropy, charity, Ruth Mackenzie, MFA - P, charity and policy development, Advisory Commitee on the Charitable Sector, ACCS, Ministry of Finance, Minster of National Revenue, government consultations
The nature of the charitable sector is changing in Canada. On March 7, 2019, the Minister of National Revenue issued four key recommendations for the administration of new rules relating to the political activities of charities. Some in the sector are rejoicing, but others are wondering about the long term impact of the changes.

Amplify Your Practice: New CE Learning Modules for Advisors

Posted in: Breaking News, News from the Bench, Strategic Thinking, Current Issue, ce credits, tax education, online education, Sunlife, Tax in Practice, Sunlife Financial, CE Modules
Sun Life and Knowledge Bureau are pleased to unveil Tax in Practice; a series of 10 new CE Modules for advisors who aspire to work with the lucrative small-to-medium business markets. Tax in Practice covers the most recent tax reform changes in order to provide advisors the opportunity to target the unique needs of family business clients by offering high-value advice.

Three Must-Dos to Prepare Savings for Retirement

By: Evelyn Jacks Posted in: Strategic Thinking, Current Issue, Retirement, TFSA, Essential Tax Facts, retirement planning, rrsp, retirement income, wealth management, tax calculators
It’s tax filing season but smart taxpayers will turn this into tax planning season, too. The key question for couples working with tax specialists: how do we maximize our retirement income potential? There are three specific goals to consider.

Tax Tip: Writing Off Your Interest Costs

By: Evelyn Jacks Posted in: Strategic Thinking, Current Issue
The difference between good and bad debt often lies in its tax deductibility. Those who leverage their assets as part of their strategic plan to build wealth, will often do so more successfully by earning more income and increasing their net worth. However, should you borrow to invest? Claiming tax deductible interest is often the only consolation for the eroding effect that the costs of debt can have on personal wealth. Here’s what you need to know this tax season:

New Capital Cost Allowance Changes: Do Small Business Owners Benefit?

Posted in: Strategic Thinking, Current Issue, self-employed, corporate tax, capital cost allowance, proprietorship, tax filing for proprietorships, tax accounting for proprietorships, Capital Expenditures
Knowledge Bureau has released a newly updated certificate course to train advisors on the nuances of filing tax returns for small businesses. The big tax change this tax season is proving to be a bit of a headache: how to handle new capital cost allowance claims under the new Accelerated Investment Incentive. Good news: this new course covers the issue with great examples and case studies.