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Financial Issues & Answers for Everyone
A thorough analysis of today’s financial news—delivered weekly to your inbox or via social media. As part of Knowledge Bureau’s interactive network, the Report covers current issues on the tax and financial services landscape and provides a wide range of professional benefits, including access to peer-to-peer blogs, opinion polls, online lessons, and vital industry information from Canada’s only multi-disciplinary financial educator.
August 2025 Poll
A public consultation on whether the CDIC’s deposit insurance limit should be raised to $150,000 per deposit category is underway. Do you agree?
Finance Canada Drops Draft Legislation August 15
All professional tax practitioners, financial advisors should take note of an important mid-summer release of draft legislation to implement some of the proposals from the November 2024 Fall Economic Statement, the April 2024 Budget, the EIFEL rules announced on August 12, 2024, and rules relating to passive income of foreign affiliates announced in the 2022 federal budget. This draft legislation also introduces more modifications to new trust filing requirements. Brief highlights appear below; technical details will be discussed in the September 17 and November 5 CE Summits and Knowledge Bureau’s certificate course on T3 Filings.
Opine by August 28: Fall Budget 2025
Only July 29, the Finance Minister/Minister of Revenue met with Canada’s leading chief economists to exchange views on Canada’s economic outlook and discuss ways to build the strongest economy in the G7. The Minister wants to hear from individuals about what should be in the Fall 2025 Federal Budget, expected to be released after Parliament resumes on September 15. (The session will end on December 12). Provide your opinion by August 28 on the queries below:
The Politics and Facts of Electric Vehicles
The government has mandated that by 2026, 20% of the new vehicles sold in Canada must be ZEV’s and that number will rise to 100% by 2035. This is going to be costly for government, as they invest Billions of dollars in change management. But for Canadian households, this could be devastating in two ways: first late payments on auto loans have hit a new high across North America in early 2025. Second, each Canadian is now responsible for between $40,949 and $68,861 in provincial and federal debt; which is deferred taxation.
Level Up Your Career with the Professional Practitioner Diploma
In today’s competitive financial services industry, technical expertise alone is not enough. Clients expect professionals who can deliver comprehensive, practical solutions across multiple areas of tax and business accountancy. The Professional Practitioner Diploma from Knowledge Bureau is designed to meet that challenge head-on. Right now, you can get started for just $595 per course if you register by August 31.
Moving from ROI to ROL: Redefining Real Wealth at the Next Meeting of the Minds
On September 25 at 11 a.m. CST, financial professionals and thought leaders will gather for an insightful panel discussion focused on a transformative concept in wealth management: moving from ROI (Return on Investment) to ROL (Return on Life). This Meeting of the Minds session, titled Redefining What Real Wealth Means to You, aims to shift the conversation beyond numbers and portfolios toward what truly matters - aligning financial strategies with clients’ life purpose and peace of mind.
