News Room

Record Number of Tax Returns Filed in 2026

It looks like tax season 2026 could be the biggest one we’ve seen in the history of filing in Canada, proving once more that Canadians are extremely tax compliant and that filing a personal tax return is the most important triggers for long term wealth planning in this country. But there is a shortage of qualified people and now is the time to do something about that before tax season 2027.

Knowledge Bureau Designate Highlight: Michelle Smith

Grow your business with the DFA - Bookkeeping Specialist™ Designation.

Review Changes Before Finalizing T Slips

While the March 2nd 2015 deadline for filing T4 slips is still some time away, CRA released publication RC4120-Employers’ Guide – Filing the T4 Slip and Summary on November 21, 2014. 

Structure Your Estate For All Instances Or Courts Will

Is your estate planning up to date so that your final wishes will indeed be carried out?  If not, things may not pan out, as the courts take matters into their own hands.

CRA Security Breaches:  Taxpayers Must Be Able To Rely On Privacy

Canada has a taxation system that is based on self-assessment.  We are required to accurately assess income, deductions and credits, filing our tax returns on time, or face penalties, interest and/or jail in serious instances. 

TD1’s:  2015 Family Take Home Pay Drops

New Income Tax Estimator Can Help Last week CRA issued the 2015 TD1 Personal Tax Credit Return and the corresponding provincial forms. 

A stocking stuffer that adds up!  Win a $100 Knowledge Bureau Gift Certificate

This Week:  It’s a Tax Question:  Win A $100 Gift Certificate Be one of 10 recipients of a  $100 gift certificate towards any Knowledge Bureau online course. Hurry – this is the last chance to win until the new year.  You can only win once - so be the first one to answer this question correctly.  Here’s the question: What is the net income amount at which the Old Age Security received by a senior is completely clawed back for 2014?    
 
 
 
Knowledge Bureau Poll Question

Is the new Canada Groceries and Essential Benefit the right solution to help Canadians with inflation?

  • Yes
    6 votes
    7.06%
  • No
    79 votes
    92.94%