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 Tip: Deducting Political Contributions

Elections bring with them important opportunities to discuss Canada’s future social, economic and tax policies. So, it’s appropriate to go back to “tax school” to find out the tax consequences of making political contributions.

Government Messaging On UCCB Cheques Incomplete

It’s too bad the messaging that came with the increased Universal Child Care Benefit (UCCB) was incomplete when the lump-sum bonuses were distributed on July 20. 

Andy Fisher, Partner At Farber Financial Group, On The Need For Professional Networks

FOR IMMEDIATE RELEASE – Andy Fisher is a Partner in the Insolvency & Restructuring practice at Farber Financial Group and leads the firm’s Small Business Restructuring practice.

Cyber Crime Is Increasing: IIAC President Ian Russell Speaks at DAC

FOR IMMEDIATE RELEASE – Cyber threats know no boundaries. Cybercrime risks are increasing; however, risk awareness differs greatly. Cybercrime is not just for monetary gain but also for valuable information about individuals.

Tune in to KBR next week for our Academic Excellence Issue…

On August 12, make sure you check out our Academic Excellence Issue of Knowledge Bureau Report.

From Proprietorship to Corporation - When is the Best Time to Incorporate?

The  dog days of summer are a great time for the Tax Specialist to review 2014 returns for Proprietors and Partnerships to determine whether it is time for some of these taxpayers to consider incorporating their business and removing their business from their personal tax return. But when is the best time to incorporate?
 
 
 
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%