News Room

New Consultations: Modernizing Tax Rules for Charities

As the last remnants of a scrumptious Thanksgiving weekend subside, it is appropriate to take a look at the health and issues surrounding the charitable sector in Canada.  Serendipitously, the federal government is seeking your views on how the tax rules for registered charities and the Canada Revenue Agency’s (CRA) administration of these rules could be modernized.  A new consultation was launched on October 8 and here’s what the government wants to know, by December 3, 2026:

Federal Excise Tax Suspension Extended

With the tariff war with the United States heating up, Prime Minister Mark Carney announced on September 2 that the excise tax suspension will be extended until January 31, 2027. This news provides a measure of relief for the average Canadian family but now is the time to get ready for the inflationary effects of the reinstated tax staring in February – already an expensive month for winter heating costs. Here’s what you need to know:

CRA Audit Defence: A Full Day of Advanced Training for Today’s Tax Environment

What does effective CRA audit defence look like in practice? On September 23, the CE Summit: Audit Defence Management will tackle that question across a full day of advanced professional development. The agenda moves from identifying high-risk files and emerging areas of CRA scrutiny through audit and reassessment management, documentation and defence strategies, tax technology and a true-to-life case study that puts the day’s learning into practice.

Prospecting for Growth: Finding New Clients and Building the Right Team

How do advisors grow when prospective clients are increasingly influenced by market headlines, emotional biases and financial uncertainty? At the 2026 Acuity Conference for Distinguished Advisors (DAC), April-Lynn Levitt, BCom., CFP, will explore how behavioural finance can help professionals approach prospecting differently in Prospecting: New Clients, New Team, sponsored by Gold Sponsor The Personal Coach. Register by the September 30 early-bird deadline to join us at the beautiful Delta Victoria Ocean Pointe Resort in Victoria, BC this November!

End of Summer Tax Wisdom: Catch Up on Tax Filings

How many Canadians are behind in filing their tax returns? It turns out there are millions. According to the National Post, at the end of April 2026 there were an estimated 9 million Canadians, that’s 28%, that still had not filed their tax returns.

Insolvencies Rise as Canadians Face Growing Financial Pressures

Canadians continue to face significant financial pressure, and renewed Canada-US tariff uncertainty adds another consideration for consumers and businesses already dealing with high costs, debt and economic uncertainty.

KBR Poll: Tax and Financial Pros Split on Role of A.I. Leap

The Knowledge Bureau Report August Poll asked tax accountants and financial advisors to opine on how A.I. emerges to change the landscape in their industry; specifically, will it change how professionals create financial peace of mind in their communities?
 
 
 
Knowledge Bureau Poll Question

In your view, should Canadians be able to write off more of their out-of-pocket medical expense costs? What amount would be appropriate?

  • Yes
    51 votes
    94.44%
  • No
    3 votes
    5.56%