News Room

New: Personal Support Workers Tax Credit Coming Soon

Personal support workers will receive billions in increased wages from federal/provincial governments in B.C., Newfoundland and Labrador and the Northwest Territories.  Those workers in other provinces will now get a raise too, but they will have to wait until filing their 2026 returns in the spring of 2027 to cash in, according to an October 27 pre-budget announcement.  Here are the details:

Tax Break for Artistic Children

A federal tax credit is possible when children under the age of 16 participate in artistic, cultural, recreational or developmental activities. Even tutoring in academic subjects qualifies under this provision.

Investments in Limited Partnerships by Registered Charities

Tax changes in the 2015 Federal Budget may bring real value and a level playing field for investments under the stewardship of a charity, making it easier for the good work they do to have a more immediate impact on pressing social and economic needs in Canada.

Creative Planning To Bridge Generations: Tim Cestnick Speaks at DAC

FOR IMMEDIATE RELEASE – When capital moves from one generation to the next, there are both risks and opportunities.Tax and wealth management expert Tim Cestnick explores this in his session, Bridging Generations with Creative Planning.

Tune in to KBR next week for our Breaking News Issue…

On August 19, make sure you check out our Breaking News Issue of Knowledge Bureau Report.

Finance Canada Releases Details Of Small Biz Charity Break

Finance Canada has released the fine print that will both introduce and limit a new tax break, when arm’s length sales of real property situated in Canada or the shares of a private small business corporation are donated to charity by a resident taxpayer, effective the 2017 tax year. 

UN Takes Issue With Rules In Canadian Income Tax Act

Is the federal government silencing human rights organizations and advocacy groups through restrictive provisions in the Income Tax Act?
 
 
 
Knowledge Bureau Poll Question

Do you believe SimpleFile, CRA’s newly revamped automated tax system, will help more Canadians access tax benefits and comply with the tax system?

  • Yes
    5 votes
    8.93%
  • No
    51 votes
    91.07%