New Consultations: Modernizing Tax Rules for Charities

As the last remnants of a scrumptious Thanksgiving weekend subside, it is appropriate to take a look at the health and issues surrounding the charitable sector in Canada.  Serendipitously, the federal government is seeking your views on how the tax rules for registered charities and the Canada Revenue Agency’s (CRA) administration of these rules could be modernized.  A new consultation was launched on October 8 and here’s what the government wants to know, by December 3, 2026:

What do the new federal budget changes mean to investors?

The CRA doesn't want your receipts when you file your return, especially if you are joining the over 5 million Canadians who will Netfile this year. However, be prepared to send in that hard copy on a post-assessment audit which many Canadians are subject to each spring.

The Knowledge Bureau Faculty have been busy with the media this tax season. Here is a round up of recent media mentions!

Tax Audit Season – June to December – begins soon, and tax professionals need to know how to respond to requests for post-filing information to set up the best defence in case of appeal. See the full agenda for this May's Distinguished Advisor Workshop, coming to a city near you.

Help your unincorporated business owner clients take advantage of every legitimate business deduction and personal tax planning benefit while complying with their tax obligations. Buy 3 books, get 1 free! Use PromoCode: KBRSPECIAL.

More and more, Canada/U.S. cross border transactions make an impact during tax time, and advisors must understand how cross border taxation issues such as residency, snowbirding, and Canadian and U.S. investments, will impact their clients' tax returns. Free trial available!