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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:

December 2025 Poll

It costs a lot more to go to work these days. Should the Canada Employment Credit of $1501 for 2026 be raised higher to account for this?
Yes: 27 votes
84.38%
No: 5 votes
15.63%
 

Cast Your Vote

Real Tax News

Time’s Up: CRA’s 100 Day Mandate for Improvement

After years of frustration on the part of tax professionals and taxpayers alike, the Finance Minister ordered the Canada Revenue Agency to clean up its act in 100 days. Specifically, the improvement plan was to run from September 2 through December 11. Finance Minister and Minister of National Revenue, Francoise-Phillippe Champagne instructed CRA to fix “unacceptable wait times and service delays.” Time’s up this week and CRA has released an update on progress. What gets measured, gets done. Let’s see what CRA’s metrics show. 

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Special Report on the 2025 Acuity Conference for Distinguished Advisors (DAC)

The Acuity Conference for Distinguished Advisors (DAC) 2025 was an outstanding success in a gorgeous location: Puerto Vallarta, Mexico! We are pleased to share a memorial Special Report and picture gallery with Knowledge Bureau Report Readers! Take a moment to share in the joy of education, collaboration and networking! Then mark your calendar for DAC in pristine and beautiful Victoria, B.C., November 22-24, 2026. 

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January 21, 2026: Advanced Line-by-Line T1 Update

The 2026 tax filing season brings substantive changes, heightened CRA expectations, and an increased need for precise, defensible T1 preparation. The CE Savvy Summit: January 21, 2026 Advanced Line-by-Line T1 Update provides experienced tax, accounting and wealth professionals and their teams with the technical depth required to navigate updated filing positions with confidence. Register by December 15 to receive your free hard-copy line-by-line Knowledge Journal, affectionately called the Tax Bible included in your tuition. Attend additional events or enrol additional people for tuition savings!

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End of Year Milestones: Checklists for 2025 and 2026

It’s here – a great tool for your clients to help them understand their relationship with the CRA!  Check out the 2026 Tax Filing and Investment Planning Milestones Checklist, which includes CRA filing deadlines and payment dates for various benefits available in 2026.   Share it in your Holiday Greetings this year, courtesy of Knowledge Bureau.  Also, here are our holiday hours – please mark your calendar:

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Truckers Beware: CRA Audits Coming

Effective December 4, 2025, the CRA has officially lifted the moratorium it has extended in the transportation industry and intends on levying penalties for failure to report fees paid for services for the 2025 tax year and subsequent tax years.  Here’s what you need to know:

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