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:

Immigration Trusts

The February 11, 2014 federal budget has proposed to eliminate tax benefits of many estates and trusts; one of which is the immigration trust.

Adjusting Prior Filed Returns? Be Honest

Morton v. The Queen (2014) TCC 72. The Tax Court of Canada recently released reasons for judgment in a case regarding the imposition of penalties following the expiration of the normal reassessment periods.

Evelyn Jacks: Canadians Can Control Wealth Erosion In Uncertain Times

It’s difficult to think pessimistically about the great news released mid-March about our national net worth: it increased by 2.7% to $7.7 trillion in the last quarter of 2013, following a 2.5% gain in the third quarter.

Thank You, Mr. Flaherty

On October 9, 2009 at a presentation in Istanbul, Turkey, Canada’s Finance Minister Jim Flaherty was presented Euromoney magazine's Finance Minister of the Year award for 2009.

Grad Spotlight – New Author Kevin Gebert

Kevin Gebert achieved his MFA-Retirement Income Specialist designation in 2006 and has since been actively involved with Knowledge Bureau, most recently publishing his first book, Financial Fotographs. We are pleased to have Kevin as one of our distinguished grads.

Scammers Victimize Immigrants Posing as CRA

Police in Edmonton are warning of scammers who have their sights set on one Canada’s most vulnerable groups: new immigrants.
 
 
 
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
    8.06%
  • No
    57 votes
    91.94%