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:

Evelyn Jacks: Part 1 – When Interest Is Tax Deductible

Did you know that small firms in the business sector create proportionately more jobs than large firms, especially in the early years of development?

Future: Advisor-Client Privilege Extends to Tax Advice?

From the late eighteenth century to the present day, solicitor-client privilege has been a topic fraught with varying levels of uncertainty, justification, and support.

Seniors Have Option to Defer OAS Pensions for Up to Five Years

Seniors have the option to defer starting their OAS pensions for up to five years (i.e. starting at age 70 rather than 65). 

Understanding Synthetic Dispositions – Indebtedness in Exchanges of Property

We continue our Synthetic Dispositions series this week with a look at indebtedness in exchanges of property.

Surrey Man Jailed for Tax Fraud

How would you help the victims of this tax crime? 

Grow Wealth Using Eight Important Steps

Allowing too much erosion up front (before investing and along the way reduces the opportunity to accumulate, grow, preserve, and transition wealth and cripples the power of compounding.
 
 
 
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
    7.46%
  • No
    62 votes
    92.54%