Knowledge Bureau Report


Knowledge Bureau Report

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Knowledge Bureau is your leading financial education network. We cover the most current issues in the tax and financial services landscape, interpret them and bring the highlights right to you. You’ll learn about taxes, investing, retirement, estate and business planning.

Stay in the know with the Knowledge Bureau Network. Get breaking news by email, use practical tools for answers, read influential blogs, take quizzes, watch short financial lessons, learn professional skills online, at regional workshops and conferences.

Is Increasing Income Tax Rates for HNW Effective?

By : Beth Graddon Posted in: Strategic Thinking
With Canada’s competitiveness in question, and many wondering if our complex tax system puts us at a global economic disadvantage, a new report from the Fraser Institute answers an important question. Does increasing income tax rates for high net worth taxpayers help or hinder Canada’s fiscal outlook?

OAS Rates Increase: Pensioners Get a Raise

By: Walter Harder Posted in: Strategic Thinking
Old Age Security (OAS) rates are indexed quarterly according to the consumer price index, and third quarter rates for July to September bring good news for Canadian seniors who received no raise in the second quarter of 2019.

Poll Results on KPMG Settlement: Is Canada’s Tax System Fair?

By : Beth Graddon Posted in: Strategic Thinking
Our June poll question was one of the most popular and controversial to date with our readers. 95% felt strongly that the CRA’s settlement with KPMG demonstrates a lack of fairness and equity within Canada’s tax system.

DAC 2019: Meet the Day 2 & Day 3 Speakers

Posted in: Strategic Thinking
Stay ahead of your competition, re-think your business objectives more strategically, armed with new knowledge about economic forecasts, portfolio management, investment, retirement and tax in the personal, corporate, trust and cross-border space. DAC, and the great line-up of compelling speakers will show you how to get more customers and have stronger ties to your existing ones. This is your opportunity to be part of the pre-eminent conference for leaders in the financial services. Learn more about the speakers and partners who will inspire you on days 2 and 3 of DAC 2019.

10 Reasons to Consider a Career in Bookkeeping

Posted in: Strategic Thinking
As long as there are businesses, there will be a need for bookkeepers. According to the Department of Employment and Social Development Canada (ESDC)*, the outlook for employment opportunities for Bookkeepers over the next three years looks promising for those looking to join the industry or continue in it. Out of 13 provinces and territories, 8 have a “fair” outlook for employment opportunities, while Nova Scotia, New Brunswick, Quebec, Manitoba, and the Yukon Territories all have “good” employment outlooks. Here are the top 10 reasons to consider a career in Bookkeeping:

Tax Planning: Prescribed Interest Rates Remain Unchanged

By: Walter Harder Posted in: Strategic Thinking
As predicted by bond rates, the interest rate due on overdue taxes and the prescribed interest rate for non-arm’s length loans remains unchanged for the third quarter of 2019. However, these interest rates still have a significant impact on 2019 tax planning, particularly for those who want to avoid undue balances owing to the CRA. Knowledge Bureau’s Income Tax Estimator can help taxpayers and their tax pros employ tax-efficient strategies that reduce income tax owing that could be subject to interest.