Knowledge Bureau Report


Special Report: November 30 Fall Economic Statement

Posted in: Strategic Thinking, Current Issue
In its second economic update since the start of the pandemic, the federal government announced a continuation of pandemic support measures for individuals and business owners. The detailed 237-page Fall Economic Statement outlines a continuation of an unprecedented level of spending over a five-year forecast period. Further, new spending on economic recovery is proposed, in a wide-ranging plan which includes broad-based initiatives as diverse as grants, loans and the recruitment of “energy auditors” for home retrofitting, to new money for a network of quarantine and self-isolation facilities across Canada.

At Risk Seniors Are Caregivers, Too

By : Evelyn Jacks Posted in: Strategic Thinking, Current Issue
An important but underreported trend in the current pandemic is the reality that 25% of our seniors are caregivers, according to a new report released November 24 by Statistics Canada. Further, over 50% of these seniors need more financial support.  Tax and financial advisors are well positioned to help.  

Canada Emergency Rent Subsidy (CERS) Now Available

By : Beth Graddon Posted in: Strategic Thinking, Current Issue
The Canada Emergency Rent Subsidy (CERS) Program,  initially presented in draft legislation back in October,  was just approved by the Senate late last Friday. With new lockdowns in place across Canada and rent due next week, many small business owners are stressed, without revenues, and grasping at this latest straw, which is also very complex. But there is some good news in the detail.

CRA Clarifies Important CEWS Details in FAQ

By : Beth Graddon Posted in: Strategic Thinking, Current Issue
Over the past weekend, the government quietly added to their Canada Emergency Wage Subsidy (CEWS) FAQ and updated the application portal, clarifying a number of important questions for business owners on the deeming rule for claim periods 5 to 10, employee bonus and commission in eligible remuneration calculations, and how to handle pay associated with termination when applying for the CEWS. We’ve pulled out the highlights for you:

Black Friday Starts Now!

Posted in: Strategic Thinking, Current Issue
Now is the right time to enhance your credentials and train your teams for the upcoming tax season, and our Black Friday Sale is here to get you started. This week only: save 55% on tuition when you enrol in any two courses of your choice for $995.