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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.
July 2025 Poll
Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?
Opportunity: Canadian Dollar Stabilizes, Somewhat
Things have started to turn around for the Canadian dollar in the second quarter of 2025. It hit a 22 year low in January of 2025. Investors and property owners, who have been swooning at the high burn rate in their travel plans and property maintenance abroad, may wish to consider recent more positive trends and consider some risk mitigation opportunities now that the dollar is stabilizing somewhat.
Freedom 75? The Case for Raising the Retirement Age
The days of financial planners touting Freedom 55 are decades behind us and we are at a point in our history when Financial Freedom in your 70s is more realistic. The retirement age in many countries, including the U.S. has been gradually rising to 67 and by 2040, it will be as high as 70 in Denmark. Should Canada follow suit?
Hazy Future: Trillions in Deficit Spending Coming?
Prime Minister Mark Carney has borrowed heavily from U.K. Prime Minister Keir Starmer’s playbook in his fiscal framework. He plans to split Canada’s fiscal books into two categories: capital or public “investment” and day to day operations. Carney and Starmer may understand the mechanics of this strategy but there is confusion in financial circles, including in the Parliamentary Budget Office. In advance of a federal budget this fall, understanding this change is important, especially for tax and financial advisors.
Advisors Love the New CE Master Micro-Credentials
For seasoned advisors and tax professionals, continuing education isn’t just a box to check—it’s a tool for leadership, specialization, and stronger client outcomes. That’s why Knowledge Bureau has introduced CE Master Micro-Credentials: curated, high-impact CE collections designed to help you sharpen your skills across financial disciplines—and stand out in a competitive, increasingly regulated space. Consider the experience of recent grads and then try it yourself! Enrol this July and receive a special introductory discount.
EVs and Motor Vehicle Expenses
Since 2017, the adoption of Electric Vehicles (EVs) has surged in popularity. Our current government is poised to follow through on a mandate that will require that hybrids and EVs make up 20% of new car sales (passenger cars, SUVs and trucks) in 2026 with the goal of 100% by 2035. There are some important tax issues to consider in this ambitious mandate, including, what this will do to the value of fuel-based autos, the CCA write-offs available and most important from an audit standpoint, how to track the receipting for the costs.
