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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.

This Week’s Edition of KBR:

This Month’s Poll

In your view is a comprehensive personal and corporate tax reform necessary to make Canada's economy stronger in response to trade wars?

Yes: 55 votes

96.49%

No: 2 votes

3.51%

Cast Your Vote

Q4 - Indexation of OAS and Prescribed Interest Rates

Two pieces of good news for the last quarter of 2026: seniors will get a small raise, but prescribed interest rates at CRA will stay steady for the last quarter of 2026. Here’s what you need to integrate into your year end planning activities.

Year End Planning: Consider the Productivity Mega Deduction

Year end tax planning is about reducing taxes on current year income. One of the best ways to do so is to consider the purchase of an income-producing asset and claiming a Capital Cost Allowance Deduction. The new Productivity Mega Deduction (PMD) is proposed to take effect on new asset purchases on or after September 15, 2026 and makes for a great year end conversation starter with your small business clients. It’s about immediately expensing these purchases – 100% - against other income and that can lead to a big tax saving.

Signature Conference Brings Canada’s Leading Wealth Advisors to Victoria, B.C.

The Acuity Conference for Distinguished Advisors (DAC) is Canada’s preeminent conference for wealth advisors from the tax accounting and financial services industry and it will be held in Victoria, B.C. November 21 to 24. At a time when a new Canadian economy is facing challenging global headwinds, the 23 speakers at this unique conference will break down the cutting edge issues taxpayer and their advisors are facing. This is also your opportunity to build strong inter-advisory relationships with like-minded pros from coast to coast. Enrol by September 30 for early bird tuition rates.

Five Advanced Tax Updates, One Professional Pathway

Knowledge Bureau’s Senior Tax Specialist Diploma helps you create an important new role in advance of tax season: a confident and experienced senior leader who can better answer tax questions from new employees and clients. Now is the time to enrol and get started. Here are the details

New Mega Deduction a Good Start, But More Tax Reforms Are Needed

The Federal government has unveiled a Productivity Mega Deduction, which will provide immediate expensing under Capital Cost Allowance (CCA) provisions for a broad range of depreciable property, importantly on a permanent basis, for acquisitions on or after September 15, 2026. Check out the noteworthy exclusions are listed below. This tax reform is a good start, but much more needs to be done, especially for small business owners and average taxpayers to make Canada truly competitive across our tax base.

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The RWM™, MFA™, MFA-P™, DMA™, DFA-Tax Services Specialist™, DFA-Bookkeeping Services Specialist™, the Society of Real Wealth Managers™ & all its certificate/diploma programs are intellectual properties/certification/trademarks owned by Knowledge Bureau™

Knowledge Bureau News Network

Financial Issues & Answers for Everyone

This Week’s Edition of KBR:

This Month’s Poll

In your view is a comprehensive personal and corporate tax reform necessary to make Canada's economy stronger in response to trade wars?

Q4 - Indexation of OAS and Prescribed Interest Rates

Year End Planning: Consider the Productivity Mega Deduction

Signature Conference Brings Canada’s Leading Wealth Advisors to Victoria, B.C.

Five Advanced Tax Updates, One Professional Pathway

New Mega Deduction a Good Start, But More Tax Reforms Are Needed

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