News Room

May 2025 Poll

Does the Liberal promise expected soon to cut the lowest personal income tax rate by 1% to 14%,  go far enough to help Canadians impacted by high costs?

Minimizing Tax on Asset Transfers

As we all know, “you can’t take it with you” so sooner or later, everyone has to transfer their assets to someone else.

Personal Service Businesses: New Rules Curtail Benefits

­Changes to Personal Service Businesses were amongst those enacted in Bill C-48. They will be discussed in more detail in Knowledge Bureau’s November Corporate Tax & Year-End Planning Bootcamp. However, key changes are described below. 

New! Charitable Donation Tax Credit Calculators

Fall is a great time for year-end tax planning and this year, strategic philanthropy in the family has taken on new meaning in light of the new temporary First-Time Donor’s Super Credit for first time donors.

Guest Column: Prescribed Rate Loans

The current prescribed rate is likely to increase on October 1, 2013. This guest column, provided to you by Frostiak & Leslie Chartered Accountants, Inc., a member of the Tax Specialist Group (TSG), offers some tips on how to benefit from the prescribed rate before it changes.

Evelyn Jacks: Managing Risk—Consumers Need To Look For Value Propositions

Spending money can be hard work; after all, there are a lot of demands for it and its supply is usually short. Therefore, careful consumers have to manage risks to their disposable income and choose the absolute right supplier for their needs and wants.

Back to School: Should Costs of Developing Promising Young Athletes Be Deductible?

It’s back to school time and as every parent knows, arts and athletics are expensive activities for children to partake in at this time of the year. 
 
 
 
Knowledge Bureau Poll Question

Does the Liberal promise expected soon to cut the lowest personal income tax rate by 1% to 14%, go far enough to help Canadians impacted by high costs?

  • Yes
    3 votes
    8.33%
  • No
    33 votes
    91.67%