News Room

Claiming Medical Expenses: Free Healthcare?

Free Health Care? Did you know that Canadians spend on average more than $1,000 on medical expenses each year? It’s estimated that government programs, via our taxes, cover about 72% of medical expenses, which means that we pay for the rest. Your clients may be over-paying on their taxes because they don’t know about medical expense deductions. 

Featured Book: Master Your Investment in the Family Business

Master Your Investment in the Family Business by Larry Frostiak and Jennifer Bartman Special Offer for Knowledge Bureau Report Readers only - Save $10 if you buy before Nov. 13!

Cheryl Crowe: Linking investments with values

Most people are interested in socially responsible investing, says expert Cheryl Crowe, which means advisors have much to gain by being knowledgeable.

The second leg of PRPP regulations

Pooled Registered Pension Plans (PRPPs) are inching their way toward becoming a way for Canadians without a workplace pension plan to save for retirement.

Evelyn Jacks: Will house flipping put your principal residence exemption at risk?

In a hot housing market, “flipping” can be a lucrative strategy — but only if you don’t run afoul of the Canada Revenue Agency (CRA).

From civil to criminal

A civil third-party penalty has been judged a criminal penalty, shifting the burden of proof to beyond a reasonable doubt and shaking up the Canada Revenue Agency (CRA).

Canada’s Great Recession

Canada’s Great Recession started in November 2008 and lasted seven months until May 2009, says the C.D. Howe Institute’s newly established Business Cycle Council.
 
 
 
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
    7 votes
    8.24%
  • No
    78 votes
    91.76%