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All items tagged with: federal budget

The Middle Class Is Shrinking: Your Expert Advice Is Needed

Posted: May 22, 2018 By : Knowledge Bureau Writing Staff
Posted in: Strategic Thinking , knowledge bureau, gender equality, Evelyn Jacks, federal budget, ce credits, financial education, Morneau, Canada Child Benefit, financial workshops, middle class, Dean Smith, C. Russell Vert, Canada Workers benefit, diversity, poverty

One major goal of the 2018 federal budget was to strengthen the middle class which keeps shrinking in Canada. There is meaningful opportunity for tax and financial advisors to do the work necessary to help their middle clients and improve Canada’s economic future in the process.

Guaranteed Basic Income in Canada: Taxpayers Beware

Posted: May 01, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Evelyn Jacks, federal budget, financial education, CE summits, Parliamentary Budget Officer, Canadian taxpayer, Guaranteed Basic Income, Ontario Guaranteed Income, income support programs

A nationwide initiative that would provide Canadians with a base guaranteed income is under consideration. It’s a move with polarizing opinions, with many citing an increased burden upon taxpayers to fund the program.

Poll Results: Most Disagree with Universal Childcare Funding

Posted: May 01, 2018 By : Knowledge Bureau Writing Staff
Posted in: Strategic Thinking , Financial Literacy, CRA, knowledge bureau, Evelyn Jacks, federal budget, tax filing deadlines, financial education, child tax benefits, universal childcare funding, government funded programs

By a wide margin, Knowledge Bureau poll respondents disagreed with the concept of free childcare for all, as 72 percent voted “no” to the question: Do you agree that licensed day care centres should be fully government funded for children aged 2½ until they are eligible for kindergarten?

Tax Season 2018: Your Advice Starts Here and Now

Posted: May 01, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Evelyn Jacks, tax filing, financial education, tax preparers, CRA audits, Knowledge Journal, Dean Smith, tax audits, Federal Budget 2018, CRA service, audit-proof returns, Canadian taxpayer, T1 returns, financial skill development, CE credits for advisors, tax updates

Tax and financial advisors are in agreement—the Canada Revenue Agency’s audit practices are more aggressive than ever. Now that the deadline has passed for filing 2017 personal income tax, it’s already time to prepare your clients for success in the 2018 tax season. Knowledge Bureau offers the education and support you need to mitigate the tax-audit risks that could cost you and your clients, and maximize their benefits and deductions.

Childcare Trends: Statistics Influencing Universal Funding Proposals

Posted: April 24, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Evelyn Jacks, finance minister, financial education, CE summits, Liberal government, Morneau, Federal Budget 2018, Universal childcare, childcare statistics, childcare funding

The federal government has pledged to put $7 Billion in funding into childcare support, and some provinces intend to add more. Do you think this is a good idea? Statistics Canada released data in October 2014 focusing on who uses childcare in Canada, which may impact your opinion. Weigh in and share your thoughts before this month’s poll closes.

Tuition Rebate Programs Diminishing: What Can You Claim?

Posted: April 06, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , tax preparation, Financial Literacy, tax credits, knowledge bureau, Evelyn Jacks, federal budget, tax courses, tax deductions, tax education, tuition credits, online courses, budget 2018, online campus, education credits, education benefits, education and training credits, student tax deductions

Use them before you lose them! That’s the message for parents and post-secondary education students filing 2017 tax returns who are looking for provincial tuition fee rebate programs to reduce student expenses. This is especially so, since the federal education and textbook credits have been cancelled. But the tuition rebate programs are diminishing, too.