October 2025 Poll
Do you believe SimpleFile, CRA’s newly revamped automated tax system, will help more Canadians access tax benefits and comply with the tax system?Tax Filing Delinquency: 8 Reasons to Catch Up Before Year-End
It pays to file outstanding tax returns before year end, not only to recover refunds that CRA may still owe you, but also to avoid paying penalties and interest that would be charged for gross negligence or in some cases, tax evasion. But also, when you don’t file on time, you miss out on important tax planning opportunities that may end for you on December 31. Here are 8 important reasons to review your return before year-end.
EI Enhances Parental Sharing Benefits
Budget 2018 proposed a new five-week Employment Insurance (EI) Parental Sharing Benefit that will be available as a “use it or lose it” benefit top-up when both parents agree to share parental leave, starting March 17, 2019. Now Finance Canada offers further details with Bill C-86 on how the program will work to benefit Canadians.
The Changing Face of Charitable Giving in Canada
According to recent tax filing statistics, charitable giving has been on the decline in Canada – except in Manitoba! But that doesn’t mean that generosity ceases to exist. Philanthropic investment trends are changing, and people are giving back in new and different ways. That provides an important opportunity for advisors to help clients with a philanthropic conversation, while deepening their own professional fulfillment.
Knowledge Bureau Launches 7 New Online Courses
Against the backdrop of high interest rates, complex tax changes and an economic climate that’s increasingly volatile, Knowledge Bureau has given professionals in the tax and financial services industry more tools to cope with their clients’ questions. With seven newly updated tax courses launching November 1, it’s an opportunity to enhance your education before year-end.
Graduates in the News: Michael Akpan, DFA
Michael Sunday Akpan of Akpan Corporation in Orleans, Ontario, graduated from the DFA – Bookkeeping Services Specialist Program and enthusiastically shared how this education has helped him reach new goals in his business: “I am successful because I have a vision for a better life. I have the power to do something incredible!”
Finance Canada Report Raises Eyebrows
Two important economic reports were released in Canada on October 19 and October 23. The former, by the Finance Department has raised eyebrows for its tax and spending increases. The second, from the Office of the Parliamentary Budget Officer, has warned about the effect of negative trade actions on Canada’s GDP.
