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All items tagged with: middle class

When Canadians Struggle: Education is the Solution

Posted: May 29, 2018 By : Knowledge Bureau Writing Staff
Posted in: Strategic Thinking , Financial Literacy, education, knowledge bureau, Evelyn Jacks, tax courses, income equality, tax education, education statistics, online education, low income, middle class, Business Builder Retreat, poverty, Esecutive Business Builder Program, professional tax preparation

Despite good trends in overall wealth accumulation in Canada, recent reports show that many Canadians struggle financially with increasing personal debt levels, and rising mortgage interest rates. The  2018 Budget also voiced concerns about income equality and diversity, but it’s clear education is a key part of the solution.

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.

Federal Budget 2018: Liberals to Unveil It on February 27, 2018

Posted: February 12, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Evelyn Jacks, Small Business, federal budget, tax courses, income splitting, tax education, entrepreneur, Liberal government, Morneau, unfair tax changes, online education, middle class, income tax changes, passive investment income, income tax credits

February promises to go out like a lion with yesterday’s announcement that the 2018 budget will be unveiled on February 27, 2018. It’s interesting timing. Other important milestones: CRA starts processing 2017 tax returns on February 26, the T4/T5 tax slip deadline is on February 28 and the RRSP filing deadline is March 1.

No Tax Relief for Middle Class: A Bigger Bill Despite Government Claims

Posted: January 23, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , Financial Literacy, CRA, Financial Advisor, knowledge bureau, Canada Revenue Agency, Canada Pension Plan, Evelyn Jacks, income tax, tax courses, tax advisor, financial education, Liberal government, Morneau, Trudeau, online education, middle class, Fraser Institute, payroll taxes

A recent study by the Fraser Institute reveals that the Liberal government’s changes to the personal income tax system have already raised taxes for the vast majority of middle-income Canadian families (81 percent) by an average of $840 annually. But there’s more to come. . .

It’s Over 50% - Top 3% Pay More Than Their Fair Share

Posted: October 10, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , CRA, Financial Advisor, knowledge bureau, Evelyn Jacks, income tax, Small Business, tax courses, Canadian economy, wealth management, tax changes, tax education, financial education, tax reform, Liberal government, Morneau, Canadian Controlled Private Corporations, unfair tax changes, tax fairness, federal income tax, middle class taxation, entrepreneurs, CTF, high-income, government issues

Amidst calls by the federal government to improve “tax fairness,” a report by the Canadian Taxpayers Federation (CTF) shows that while a mere three per cent of all tax filers earn $150,000 or more, they contribute over one-third of all federal income taxes collected.