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.Poll Results: Are Canadians Looking to Start Their Own Businesses?
Are more Canadians today looking at starting their own businesses? The answer is yes, according to 65% of the tax and financial advisors who answered last month’s poll question, even despite the economic uncertainty that surrounds small businesses today. However, many comments point to small business ownership being a side gig for those who need to supplement their income due to increased costs of living. Check out all the insightful comments below:
Do You Know What’s New in Personal Taxation?
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Why Do Financial Professionals Need to Know Tax?
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Updated Course for New Entrants in the Accounting Field, Now Available!
The tax and accounting profession is facing a severe crisis due to a shortage of qualified accountants, according to a report from the Association of Certified Professional Accountants, and Knowledge Bureau can help. In fact, a new version of our popular certificate course, Bookkeeping in a Digital World has just been released, and is ideal for new entrants into the accounting field. Start here and then continue on your pathway to earning DMA™ Designation. Check out the details below:
Currency Risk a New Concern for Canadian Retirees
It’s been an expensive year of wealth erosion for Canadians, with new taxes and lingering inflation. From a year end planning perspective, are there tax strategies to consider with a new economic trigger; that is, the drop in the value of the loonie to a level even further than 4 year lows posted at the end of October, as the threat of tariffs to be imposed by the U.S. are increasing. Here are some things to consider:
Santa or Grinch? A Tax Break for Some, New Costs for Others
As with all things tax, the federal government’s recent announcement of a $250 Working Canadians Rebate comes with confusion and complexity. The provision was effectively halted in the House of Commons less than a week after its announcement and is now in jeopardy of coming to fruition for 2025. Here’s what you need to know however, to prepare to receive it, should the Liberals and NDP parties come to agreement on its structure:
