Advanced Income Tax Rulings
The federal government has taken steps recently to attract more investment in Canada. That’s sure to create some new tax questions that require Advanced Income Tax Rulings (AITR). A new measure to facilitate a faster response was announced on September 14 and is intended to attract business investment of large amounts. Specifically, for investments of $1 billion or more, the CRA will prioritize advance income tax rulings. The measure took effect the day it was announced. Here’s what you need to know:Strategic Philanthropy: Can Advisors Help Reverse Canada’s Giving Deficit?
Charitable giving is declining in Canada, yet strategic philanthropy offers important opportunities for tax-efficient wealth planning and building family legacies. At the 2026 Acuity Conference for Distinguished Advisors, Chantal Thomas, MBA, Pl. Fin., MFA-P™, Senior Director, Philantra and Private Foundations, will explore how advisors can help reverse this trend in “Strategic Philanthropy: Correcting the Giving Deficit,” sponsored by National Bank Trust – Philantra Foundation / Banque Nationale Trust – Fondation Philantra.
CRA Data Breeches Put Taxpayer Information at Risk
An important deadline is coming up, around the same time that Canadians get ready to file their 2026 tax returns at the start of tax season 2027. Since 2020, more than 42,000 data breaches have occurred at the CRA. A class action lawsuit was launched in 2020 and a $8.76 million settlement was reached. Eligible Canadians affected by these security incidents can now submit claims through the KPMG Claims Portal until February 3, 2027.
Tax Reform: 96% Say Canada Needs an Overhaul
Is comprehensive personal and corporate tax reform necessary to make Canada’s economy stronger in response to trade wars? Knowledge Bureau readers responded with an overwhelming yes. In the September Knowledge Bureau Report poll, 96% of respondents said comprehensive tax reform is necessary, while just 4% said no. Why? Read on to find out!
New $150 Disability Benefit Payment: Who Will Receive It?
Your clients who receive the Canada Disability Benefit (CDB) may now be in line for a one-time supplemental lump sum payment of $150.00. The payment is intended to offset the cost of obtaining the disability tax credit (DTC) which is required if they are to receive the Canada Disability Benefit (CDB) and the payments began on September 17, 2026. Did your eligible clients receive it?
Year-End Tax Planning: After the Mid Terms
Advisors working with individuals, investors and business owners, the final months of 2026 bring together personal tax changes, investment decisions, owner-manager compensation, cross-border considerations, charitable giving and planning for retirement and estates. This year is particularly interesting as the world braces for the results of the U.S. Mid terms on November 3. For these reasons, Knowledge Bureau has assembled a Tax Powerhouse for its November 5 CE Savvy Summit. Register by October 22 to hear and learn from these experts:
The Caregiving Conversation: Are Advisors Asking the Right Questions?
Caregiving can have significant implications for a family’s finances, retirement plans and overall well-being, but how often does it become part of the financial planning conversation before a family is already facing it? At the 2026 Acuity Conference for Distinguished Advisors, Erin Roy, CFP®, Principal and Market Leader for Western Canada at Edward Jones, will lead a discussion on the financial realities of caregiving alongside Jack Groucott, CFP®, Financial Advisor and Planner, and Liz da Mata, CFP®, DFSA™, Financial Advisor. The session, sponsored by Edward Jones, takes place November 24 in Victoria, B.C.
