Finance Canada: No More Spring Budgets

Finance Canada announced on October 7 that Canada’s federal budgets will be brought down in the fall starting with the November 4, 2025 event; a significant departure from the spring schedule (February, March or April) that has been the cycle for several decades. This is going to affect many other events as we know them, and in the annual government spending approval cycle. There will also be a new budget process for capital vs. operational expenses. Here’s what you need to know:

As our population ages, disability-related caregiving for family members will increase, but, as a society, how well are we able to cope? From meal preparation and household chores to time off for appointments with doctors or to deal with financial matters, the commitment in caring for the sick, the disabled and dying is enormous and it is exhausting.

We love sharing feedback from our recent graduates. This week we feature the success of Mr. David Foth from Saskatoon, who recently graduated from the new T1 Professional Tax Preparation - Basic course.

"Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence." Helen Keller

Families may soon be out of monthly income due to the cancellation of the Universal Child Care Benefits in July.  It’s also time to review and optimize the Family Tax Cut provisions which are no longer available for the 2016 tax filing year. Tax and financial advisors can help.

Knowledge Bureau wishes to extend to all our fellow Canadians in the Fort McMurray and surrounding areas, our sincerest sympathies for your suffering as a result of last week’s devastating wild fires.  We pledge our support to all our students, graduates, designation holders and friends in the province, as we offer our thoughts of consolation and prayers to you.

Helping in helplessness . . . watching the heartbreaking devastation in Fort McMurray has been gut-wrenching. How one hour can change life so dramatically! Making donations from afar seems only right; and it feels especially good, given how terrible the events of the last week have been.