News Room

October 1 - Important Changes Coming to VDP

Effective October 1, 2025, important changes will be made to the Voluntary Disclosures Program (VDP) at the CRA in order to make it easier for taxpayers to correct unintentional filing errors or omissions. The details on how the changes will affect your clients are being discussed in the CE Summit held September 17 and this course is now available for online enrolment and CE accreditation, after the virtual event. Here are some highlights of the changes.

Market Volatility Requires a Risk Management Strategy

We experienced another enormous market swoon this week; as reported by various media, the Dow Jones Industrial Average (DJIA) dropped almost 1100 points on Monday, charting the largest ever drop in the markets and closing 600 points down in its worst trading day since 2011.

Mark Your Calendar:  Advanced Family Business & Year-End Planning Workshop

Advisors who work with corporate clients, real estate holders and high net worth individuals will want to sharpen their knowledge in advanced tax, retirement, succession and estate planning strategies by hearing Canada’s leading experts on the subjects starting the last week of October.

Tune in to KBR next week for our Breaking News Issue…

On September 2, make sure you check out our Breaking News Issue of Knowledge Bureau Report.

Seven Great Ways to Fund Your Child’s Education, First of Two Parts

Average undergraduate tuition fees have risen to just under $6000 a year in Canada since 2010; an increase of 16% in just five years.

Disruptors and Innovators Hold Key to Success In a Changing Marketplace.

Rapid change and disruptive technologies are changing the rules of engagement for financial services in four major areas.

New Financial Regulatory Authority: Sweeping Powers with No Recourse to Appeal.

Financial advisors and members of the business community as a whole who are concerned about a greater anticipated role for financial regulation in Canada will want to track the progress of implementation of a new Capital Markets Regulatory Authority (CMRA) and participate in public consultation.
 
 
 
Knowledge Bureau Poll Question

On September 2, Finance Minister Champagne mandated CRA to implement a 100-day plan to “strengthen services, improve access, and reduce delays.” That’s by December 11, 2025. Do you believe this approach will help?

  • Yes
    8 votes
    21.62%
  • No
    29 votes
    78.38%