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:

Rethinking Housing Booms and Busts

Will Canada suffer a housing bubble? Will debt crush the mortgage-strapped in the case of global economic change?

Evelyn Jacks: The Basics—What You Need to Know About How Income is Taxed

Aside from understanding that Canadian residents are taxed on world income in Canadian funds, there are only a few basics you need to know about the marginal tax rate system in Canada.

Why Tax Strategies are So Important in Wealth Advisory Practices

Tax is a trigger for most clients. It’s complicated, time consuming and requires the meeting of a deadline. It’s also very expensive: it is the family’s largest lifetime expense.

T2 Tax Guide Now Available

The Canadian Revenue Agency (CRA) has published its T2 Tax Guide on its website.

Where are T7DR(A) Tax Remittance Forms?

No paper means no tax remittance forms...

Brush Up on New Form T661: Scientific Research and Experimental Development Program (SR&ED)

The federal budget of Marsh 2012 included proposed changes to the Scientific Research and Experimental Development (SR&ED) Program. 
 
 
 
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
    7.25%
  • No
    64 votes
    92.75%