The Canada Child Benefit Increase and Audit Risk
Families receiving the Canada Child Benefit (CCB) may have noticed an increase in their recent payments. Indexing takes place each July 1. Beginning in July of 2026, the CCB will provide families up to $8,157 per child under the age of 6 and up to $6,883 per child aged 6 to 17. There is audit risk that comes with that, however.New Issues in Audit Defence: It’s About Retirement Readiness
Tax audit risk can be a real wealth eroder of retirement readiness, especially for business owners, retirees with new multiple sources of income and newcomers to Canada. Most of these clients are unprepared for how quickly the costs of unpaid balances due, penalties and compounding interest payments can grow. Evelyn Jacks, President of Knowledge Bureau, opens the September 23 CE Savvy Summit a renewed mission for advisors. Here are some of the compelling issues:
Investing for the Crisis to Come: The Role of Alternatives
Mark Taucar, CFA, and Nicolas Johnson, FDFS™, will take the stage at the 2026 Acuity Conference for Distinguished Advisors with a new take on Alternatives: Investing for the Crisis to Come. Their November 23 session will explore how alternative investments can provide diversification, generate higher yields and enhance capital growth when traditional markets face volatility and disruption. For these reasons, we are pleased to welcome Platinum Sponsor Accilent Capital Management and Pavilion Flow Through Fund and innovative thought leaders Mark and Nicolas to DAC. Check out the critical issues:
Draft Legislation Released July 23, 2026
While Canadians were enjoying the height of summer 2026, Finance Canada released draft legislation for a number of previously announced tax measures including new rules for the disabled, apprentices in the trades, those with automobile benefits, farmers on the prairies and business owners buying assets or remitting GST/HST. A consultation has been issued on the proposed new rules, which must be emailed to the department by September 4. There are some important changes, some summarized below, which will also be covered in the September 23 CE Summit.
Poll Results: Canadians Remain Skeptical of the New Grocery Benefit
The federal government's new Canada Groceries and Essential Benefit is intended to help eligible Canadians cope with rising food prices and the increasing cost of everyday essentials. We asked our readers whether they believe it is the right solution to address inflation, and the response was decisive: 93% said "No," while just 7% said "Yes." The results sparked a lively discussion among tax and financial professionals from across the country. See below.
Are High Income Canadians Really Paying Their Fair Share?
We often hear that the rich should pay their fair share of taxes and few would dispute that principle. Interestingly, a recent Fraser Institute report revealed that that Canada’s highest earners already shoulder a significant portion of the country’s tax burden.
Are You Ready for the New Era of Tax Compliance?
As CRA's technology and enforcement strategies continue to evolve, so too must the advisors who guide Canadians through an increasingly complex tax environment. CE Savvy Summit: Issues in Audit Defence on September 23, brings together leading tax experts Evelyn Jacks, Kim Moody and Ruth Horst to examine the latest developments in audit defence. Plus this is the first in a series leading to a new credential for workplace training at Knowledge Bureau: The Senior Tax Specialist Diploma. Register by September 9 for early-bird savings! Here’s a preview:
