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Financial Issues & Answers for Everyone

A thorough analysis of today’s financial news—delivered weekly to your inbox or via social media. As part of Knowledge Bureau’s interactive network, the Report covers current issues on the tax and financial services landscape and provides a wide range of professional benefits, including access to peer-to-peer blogs, opinion polls, online lessons, and vital industry information from Canada’s only multi-disciplinary financial educator.

This Week’s Edition of KBR:

This Month’s Poll

According to CRA, Canadians experience improved service delivery and responsiveness from the CRA this tax season Do you agree?

Yes: 2 votes

8.7%

No: 21 votes

91.3%

Cast Your Vote

Disability Tax Credit Certified Impairments: Survey Says “No”

The federal government has made its intentions clear that there will be an expansion of those who are eligible to certify an individual for the Disability Tax Credit. Our May poll results are in. 83% of our readers voted against allowing public trustees, guardians and departments supporting Indigenous Services to certify impairments for the Disability Tax Credit.

HBR Withdrawal Limits and Repayment Periods Increased

In the market for a new home? The Home Buyers Plan (HBP), which lets first-time buyers withdraw RRSP funds on a tax deferred basis to buy a home, became a key part of the government’s effort to make homeownership more accessible. Bill C‑30 has recently put several of these proposed changes into law, something taxpayers and their advisors should be discussing this month as tax seasons 2026 winds to a close. Here are the key talking points:

Need Help with Business Expansion?

Canadian business owners and advisory professionals are facing mounting pressure in a rapidly changing economy, especially in the tax and financial services. Many entrepreneurs are trying to make the decision: sell or scale to grow? It’s well worth the investment of a half day at the Business Builder Summit to think more deeply about your future in your industry.

Acuity 2026 Brings Together Canada’s Leading Multidisciplinary Advisory Community

The Acuity Conference for Distinguished Advisors (DAC) is Canada’s preeminent conference for advisors from the tax, financial services and it will be held in Victoria, B.C. November 22–24. Be sure to join one of Canada’s most unique multidisciplinary educational and networking experiences and save money by registering before June 30.

Late Filing Penalties: Talk About It!

While most T1 returns are in the hands of the Canada Revenue Agency (CRA) by April 30, we know many are not. In fact, millions of returns were still outstanding as of mid-May. Late-filing clients they need to know about the consequences, especially if they owe. Here’s a rundown to be aware of:

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Knowledge Bureau News Network

Financial Issues & Answers for Everyone

This Week’s Edition of KBR:

This Month’s Poll

According to CRA, Canadians experience improved service delivery and responsiveness from the CRA this tax season Do you agree?

Disability Tax Credit Certified Impairments: Survey Says “No”

HBR Withdrawal Limits and Repayment Periods Increased

Need Help with Business Expansion?

Acuity 2026 Brings Together Canada’s Leading Multidisciplinary Advisory Community

Late Filing Penalties: Talk About It!

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