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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

Is the new Canada Groceries and Essential Benefit the right solution to help Canadians with inflation?
Yes: 6 votes
9.52%
No: 57 votes
90.48%
 

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Real Tax News

Record Number of Tax Returns Filed in 2026

It looks like tax season 2026 could be the biggest one we’ve seen in the history of filing in Canada, proving once more that Canadians are extremely tax compliant and that filing a personal tax return is the most important triggers for long term wealth planning in this country. But there is a shortage of qualified people and now is the time to do something about that before tax season 2027.

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Coming This Month: Changes to Business Registration Online

More changes are coming to how your clients will access Business Registration Online (BRO). Starting July 14, 2026, the Canada Revenue Agency (CRA) your business clients will only be able to access BRO through their CRA account. As usual, it’s the taxpayer who is responsible for on time remittances and the burden of proof in an increasingly digital relationship with CRA. Here’s what you need to know:

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Tax Planning with the Enhanced New CGEB

Lower income Canadians will soon receive larger quarterly benefit payments under the Canada Groceries and Essentials Benefit (CGEB). Replacing the GST/HST benefit, the CGEB includes a one-time top-up beginning June 5, 2026 equal to 50% of a person’s annual benefit, and increased quarterly payments beginning in July.

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Official Transcript Letter for KB Alumni & Designates!

The Official transcript letter for the period ending June 30, 2026 is now available to Knowledge Bureau students, grads, alumni and esteemed designates. Why is this important? Please review below:  

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Workplace Training: Get on the Fast Track!

Small business owners in general are engaging in one of the most dynamic business opportunities in decades as demand for high precision services in the tax, accounting and financial services soar. Are you finding that challenging? You are not alone. Here’s what others are finding and why Knowledge Bureau can help.

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