News Room

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:

Lifestyle Column: 10 Neat Things

This week: 10 neat things about blue jays

Featured Course: Portfolio Construction for Real Wealth Managers

Portfolio construction begins with the thorough understanding of the risk profile of the client. This course's components assist in the ultimate process of designing and implementing the most appropriate portfolio to match the risk profile of the client.

Featured Book: Make Sure It’s Deductible

Do you know what you don’t know? When to talk to a pro? This book will help guide you, line-by-line. It’s a book for everyone because its premise is simple: a more informed taxpayer, working with a collaborative professional community, will get more out of the tax system now and in the future. Order by Feb. 11 and receive $5 off this Canadian Bestseller.

Featured Tool: RRSP Savings Calculator

The first section of this calculator will give you a quick answer to how much tax saving are available by making an RRSP contribution. Use the second section to determine the costs of a proposed RRSP loan and compare the loan costs to the earnings within the RRSP during the loan repayment period.

The top 1% and the taxes they pay

The income gap between Canada’s top 1% of taxfilers and the other 99% is still substantial. But, so too is the gap between the amount of taxes paid by the two groups. In 2010, the “rich” accounted for a disproportionate share.

Serial fraudster goes to prison

On Jan. 14, Gary William Mechar of Kamloops, B.C., was sentenced to four years in prison and ordered to pay $276,655 in restitution to two financial institutions.
 
 
 
Knowledge Bureau Poll Question

In your view, should Canadians be able to write off more of their out-of-pocket medical expense costs? What amount would be appropriate?

  • Yes
    48 votes
    94.12%
  • No
    3 votes
    5.88%