News Room

CRA Data Breeches Put Taxpayer Information at Risk

An important deadline is coming up, around the same time that Canadians get ready to file their 2026 tax returns at the start of tax season 2027. Since 2020, more than 42,000 data breaches have occurred at the CRA. A class action lawsuit was launched in 2020 and a $8.76 million settlement was reached.  Eligible Canadians affected by these security incidents can now submit claims through the KPMG Claims Portal until February 3, 2027.  

Knowlege Bureau Designate Highlight: Rick Green

Rick Green from Calgary, AB has nothing but praise for Knowledge Bureau’s Elements of Real Wealth Management course.

Foreign Income Verification Statement – Form T1135 Version 5

On October 29, 2014, the Organization for Economic Co-operation and Development (OECD), together with the G20 Nations approved and implemented an international standard for the “automatic exchange of information agreement.” 

Family Tax Cut – Who Will Get $2,000?

There's a lot of hype out there about the Family Tax Cut and some families have the impression that they are entitled to a $2,000 windfall this tax season.  In reality, most families will qualify for little or nothing from the Family Tax Cut.

Tax Credits for Seniors

The Income Tax Act provides preferential treatment for seniors, especially those with moderate income.

Limited Number of Knowledge Journals Available

This Week Only –  $195 plus taxes.

DAC 2015 is Heading to Puerto Vallarta, Mexico

The Westin Resort and Spa is the host venue for Distinguished Advisors Conference (DAC) 2015!
 
 
 
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
    28 votes
    93.33%
  • No
    2 votes
    6.67%