News Room

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.  

Register by Jan. 10: The 2025 Advanced T1 Tax Update on January 15

Learn with Peers from Coast-to-Coast at Canada’s renowned Advanced T1 Tax Update, plus receive the Knowledge Bureau ‘Tax Bible’. All Students Receive Our Comprehensive Line-By-Line Knowledge Journal, Online Tax Course, Evergreen Explanatory Notes Research Library, PLUS PowerPoint Presentations from Expert Presenters! This year’s lineup includes Evelyn Jacks, Kim G C Moody, Joanne Thomas, and Ruth Horst. We invite you to check out the detailed agenda, learn more about our illustrious speakers and register by Jan 10 for early-bird tuition savings!

Mark Your 2025 Educational Calendar

Check out our new courses and educational calendar all leading down the pathway to Specialized Credentials and Continuing Education Credits.  You can register now, start today and study from anywhere with convenient online training options, including a special offer on DMA™ Programs with tuition savings until February 15 – and of course our rookie and technical CE Savvy Summit tax schools that start January 15 with the Advanced Personal T1 Tax Update.

Register by Feb 15 and Earn New Specialized Credentials

The DMA™ Distinguished Master Advisor is a technical specialist in one or more financial disciplines: personal tax, corporate tax, accounting, or small business management and business transition services. Register by February 15 to earn new specialized credentials that build confidence, bring new solutions and build new networks!

Late Year Tax Changes Affect Donations, Auto Expenses

Happy New Year 2025!  In case you missed it, there was some late year tax news to share from Finance Canada: an extension to the charitable donation contribution deadline from December 31, 2024 to February 28, 2025. In a second announcement, the automobile expense limits for 2025 were finally announced. Here’s what you need to know:

Tax Changes Affecting Real Estate in 2024

The federal government will restrict the deductibility of rental income expenses where short term rental ventures fail to meet local regional by-laws starting in 2024; based on tax law passed on June 20, 2024.  However, there are also provincial tax consequences when it comes to real estate taxation in two provinces, that should be noted:  

Mark Your Calendar: Early 2025 Tax & Financial Milestones

Tax Filing Milestones for January, February and March 2025:  Mark your calendar for these upcoming tax, investment and financial milestones and remind your clients.  Check it out - don’t forget the brand new deadline on February 28, 2025 below:
 
 
 
Knowledge Bureau Poll Question

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?

  • Yes
    345 votes
    69.98%
  • No
    148 votes
    30.02%