No Tax Relief for Middle Class: A Bigger Bill Despite Government Claims

By : Knowledge Bureau Staff Posted in: Strategic Thinking, Financial Literacy, CRA, Financial Advisor, knowledge bureau, Canada Revenue Agency, Canada Pension Plan, Evelyn Jacks, income tax, tax courses, tax advisor, financial education, Liberal government, Morneau, Trudeau, online education, middle class, Fraser Institute, payroll taxes
A recent study by the Fraser Institute reveals that the Liberal government’s changes to the personal income tax system have already raised taxes for the vast majority of middle-income Canadian families (81 percent) by an average of $840 annually. But there’s more to come. . .

Our Top Posts of 2017: What Are Financial Professionals Reading?

By : Knowledge Bureau Staff Posted in: Strategic Thinking, tax credits, knowledge bureau, Evelyn Jacks, tax courses, tax changes, income splitting, financial education, tax reform, tax proposals, business owners, Morneau, online courses, small business taxation, online education, 2017, 2017 recap, 2017 news stories, family tax deductions, Parliamentary Budget Officer, cottage, principle residence, reporting property sale
It’s a sign of the times: Knowledge Bureau Report readers were most interested in recent tax news, based on our top five posts revisited here. The proposals to change the tax system for private corporations are of most concern; small wonder, too. Not yet law, Tax on Split Income (TOSI) rules begin January 1, 2018. Principle residence reporting changes are important too. Here’s what mattered most to our readers in 2017:

Tax Audit Practices: Small-Business Owners Need Financial Education

By : Knowledge Bureau Staff Posted in: Strategic Thinking, CRA, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, Small Business, Bookkeeping, tax courses, tax changes, financial education, tax software, tax reform, entrepreneur, accounting courses, income tax returns, online education, small business statistics, department of labour, labour report, audit, payroll courses
Small businesses in Canada are responsible for employing 8.2 million Canadians, which is 70.5 percent (1) of the total labour force. Recent tax changes are impacting small-business owners, their families, and the middle-class population in general, significantly.  It’s time to take control with broader, deeper tax knowledge.

Let’s Collaborate: Get in on the DAC 2018 Agenda

By : Knowledge Bureau Staff Posted in: Strategic Thinking, DAC, Financial Advisor, knowledge bureau, Evelyn Jacks, distinguished advisor conference, tax courses, tax advisor, tax deductions, online courses, financial conferences, Canadian conferences, online education, charitable deductions, philanthropy, Quebec conferences
Knowledge Bureau’s annual Distinguished Advisor Conference (DAC) will be taking place in beautiful Quebec City from November 11-14, 2018. The theme is “Changing the Face of Community – Collaboration with Impact.” We would love to hear what this means to you, and what you’d like to see in our compelling sessions at this pre-eminent educational event.

Mark Your Calendars: Post-Budget Analysis for Canada and the U.S.

By : Knowledge Bureau Staff Posted in: Strategic Thinking, CRA, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, tax courses, tax education, tax reform, online courses, financial conferences, Canadian conferences, tax workshops, cross-border taxation, US tax, Dean Smith
Knowledge Bureau is pleased to announce that its next professional development days - the CE Summits -  will held May 29 to June 6 in Winnipeg, Calgary, Vancouver, and Toronto. Featuring special guest Dean Smith of Cadesky Tax, who will join Evelyn Jacks to discuss post-budget tax reforms in Canada and the U.S.

Tax Tip: A New Tax Credit for Infirm Children

By: Evelyn Jacks Posted in: Strategic Thinking
Last week we discussed a new Canada Caregiver’s Credit (CCC) for spouses and eligible dependants who can be claimed as “equivalent to spouse.” But did you know that you can now make a new claim if you are a caregiver of a dependent minor or adult child who is infirm? It’s possible under the revamped Canada Caregiver Credit.