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:

CRA Missteps Continue: Foreign Tax Credits

It is a saga that continues to cost taxpayers a lot of time and money. It's a fight to get CRA to accept documentation from recipients of foreign pensions who have had foreign tax withholdings and legitimately exercise their rights to use their foreign tax credits to avoid double taxation. The problem is, CRA is double taxing for no good reason and in the process, making it extremely difficult for taxpayers to fight back. Here’s an example:

Coming This Month: Changes to Business Registration Online

More changes are coming to how your clients will access Business Registration Online (BRO). Starting July 14, 2026, the Canada Revenue Agency (CRA) your business clients will only be able to access BRO through their CRA account. As usual, it’s the taxpayer who is responsible for on time remittances and the burden of proof in an increasingly digital relationship with CRA. Here’s what you need to know:

Tax Planning with the Enhanced New CGEB

Lower income Canadians will soon receive larger quarterly benefit payments under the Canada Groceries and Essentials Benefit (CGEB). Replacing the GST/HST benefit, the CGEB includes a one-time top-up beginning June 5, 2026 equal to 50% of a person’s annual benefit, and increased quarterly payments beginning in July.

Official Transcript Letter for KB Alumni & Designates!

The Official transcript letter for the period ending June 30, 2026 is now available to Knowledge Bureau students, grads, alumni and esteemed designates. Why is this important? Please review below:  

Workplace Training: Get on the Fast Track!

Small business owners in general are engaging in one of the most dynamic business opportunities in decades as demand for high precision services in the tax, accounting and financial services soar. Are you finding that challenging? You are not alone. Here’s what others are finding and why Knowledge Bureau can help.

June Poll Results: Tax Pros Not Happy with CRA

The question was simple: “According to CRA, Canadians experience improved service delivery and responsiveness from the CRA this tax season. Do you agree?” The answer almost unanimously no: 92% of Knowledge Bureau Report readers disagreed and they had plenty to say about it, too:
 
 
 
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
    51 votes
    94.44%
  • No
    3 votes
    5.56%