News Room

New: Personal Support Workers Tax Credit Coming Soon

Personal support workers will receive billions in increased wages from federal/provincial governments in B.C., Newfoundland and Labrador and the Northwest Territories.  Those workers in other provinces will now get a raise too, but they will have to wait until filing their 2026 returns in the spring of 2027 to cash in, according to an October 27 pre-budget announcement.  Here are the details:

6 Reasons to Attend the May 20 Virtual CE Summit

The May 15 enrolment deadline for the Virtual CE Summit taking place on May 20 is approaching fast. After this, the walk-up rate of $695 applies for all new and returning students.  That’s a good reason to act now! But here are 6 more reasons why Retirement, Estate Planning & Budget Updates this May will help you get better results and simplify your efforts with clients.

Winning Feels Great: Enter the Spring Tune-up Tuition Sweepstakes!

Need a boost to your spirits these days?  Try winning a sweepstakes (and we have a great one for you).  It turns out everyone likes to win (including monkeys…seriously!) and there’s plenty of science to back up why.

KB Grads in the News: Linda Baldwin, DFA-Tax Services Specialist

Linda Baldwin, DFA-Tax Services Specialist™ shares how Knowledge Bureau courses have helped her keep up to date on frequent tax changes she’s required to know to operate a successful tax business. Linda also tell us that a Knowledge Bureau education is a requirement for training any new staff she hires.

Overwhelmed: CRA Service Issues Cloud a Difficult T1 Season

Tax season is far from over.  As of May 3, only 25.5 million tax returns had been received by CRA with over 30 million expected in total, including those from new filers who received the taxable CERB and CRB payments. So far it has been an overwhelmingly difficult tax season, according to professionals who answered our April poll: “In your view, has CRA’s service level to professional tax advisors improved this year?”. It was conclusive:  97% said no. Here were the challenges faced:

Conversation Starters: Is Universal Childcare the Right Model for Millennials?

The $30 billion national day care initiative announced in the April 19, 2021 federal budget deserves a deeper dive, especially in conversation with your Millennial clients.  It is important, it will be expensive, but it may not be the right model for the times. The issue has already garnered some important debate that provides a 360 degree lens. There are lots of worries too, ranging from health and safety to financial affordability and tax deductibility. 

Growing Your Business – Understanding the Business Life Cycle

To scale a business means to grow it without a big increase in resources.  In fact, when your systems and procedures, technology, funding and staffing are all set up to build on the demand coming your way, the happy result is both top line and bottom line growth.  The difference, post-pandemic will be that to some degree, business owners are all starting a new business cycle again. What do we mean by that?
 
 
 
Knowledge Bureau Poll Question

Do you believe SimpleFile, CRA’s newly revamped automated tax system, will help more Canadians access tax benefits and comply with the tax system?

  • Yes
    5 votes
    8.93%
  • No
    51 votes
    91.07%