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All items tagged with: Canadian economy

How to Improve Service Levels: Tax Pros Give Advice to CRA

Posted: December 04, 2018
Posted in: Strategic Thinking , CRA, Canada Revenue Agency, Small Business, tax courses, cra business services, Canadian economy, entrepreneur, Auditor General Report, CRA service standards, CRA business enquiries

On the heels of recent criticisms by the Auditor General, Knowledge Bureau Report readers weighed in on CRA service levels and they were conclusive: 87% of last month’s poll respondents say that the CRA needs to work harder. They cited a myriad of issues from 32-week wait times for a T1 Adjustment to the need to correct CRA’s errors, some of them big. 

Competitiveness Challenge: Are New Corporate Tax Changes Enough?

Posted: November 22, 2018 By : Walter Harder & Evelyn Jacks
Posted in: Strategic Thinking , corporate tax, federal budget, capital cost allowance, Canadian economy, finance canada, Canadian business, Morneau, Minister of Finance, budget 2018, Fall Economic Update, Fiscal Update

Canada’s competitive advantage in the global economy has been of concern since corporate tax reforms were introduced in the United States earlier this year, and especially after Finance Canada’s ill-fated attempt to reform the corporate tax system a year ago. Finance Minister Morneau delivered his response to the current challenges by proposing the acceleration of some Capital Cost Allowance measures in the November 21 Fall Economic Update.

Fall Economic Statements: Ontario First, then the Federal Government

Posted: November 20, 2018
Posted in: Strategic Thinking , economic update, federal budget, Canadian economy, finance canada, Breaking News, Morneau, Fall Economic Statement, budget 2018, provincial budget, fall federal economic statement, provincial defecit, Federal defecit

The Fall Economic Statement from the federal government is being released later today – Wednesday, November 21. Knowledge Bureau Report will bring you breaking news and insights in a special report tomorrow! Meanwhile, Ontario made some interesting tax changes.

Immigration: Education Upgrades Provide Employment Opportunities

Posted: November 20, 2018
Posted in: Strategic Thinking , tax courses, Canadian economy, bookkeeping courses, immigration, employment for immigrants, diversity, newcomers to canada, immigrants, refugees, employment for refugees

The role advisors can play in helping new immigrants, and the importance of immigration and diversity in Canadian society, were central themes at DAC last week. Now, with a timely release, Statistics Canada has published new data on the important impact education has on immigration, pointing to valuable opportunities for new Canadians in the tax and financial services.

Gender Equality: Gaps Remain in Leadership

Posted: November 20, 2018
Posted in: Strategic Thinking , gender gap, gender equality, Canadian economy, women in business, Canadian business, entrepreneur, business development, leadership, diversity, equality, business management, gender parity

New data shows that tracking gender pay gaps is not a priority for Canadian businesses, despite government efforts to bring the issue to the forefront.

Gender Equality and Tax Rules Outlined Ahead of Fall Economic Statement

Posted: October 30, 2018 By : Walter Harder & Beth Graddon
Posted in: Strategic Thinking , CRA, Canada Revenue Agency, gender equality, Canadian economy, finance canada, tax news, Morneau, Fall Economic Statement, budget 2018, Canada Workers benefit, Employment Insurance Parental Sharing Benefit, Climate Action Incentive Payment, carbon tax

Finance Canada will release its Fall Economic Statement on November 21, about a month later than it was last year. In the meantime, it released two important documents on October 25 and 29: A Notice of Ways and Means Motion and Bill C-86: the second Budget Implementation Act which together enable remaining initiatives outlined in the February 27, 2018 Federal Budget.