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.

Six Tips for Determining Corporate Year-Ends

Personal tax planning for the Owner-Manager begins with corporate tax planning. As setting the fiscal year-end in the last have of the year can be very advantageous, this means corporate tax planning is now.

The Mentorship Series: Become the Advisor You Would Seek For Yourself

FOR IMMEDIATE RELEASE – Monica Weissmann is an independent financial advisor who runs her business on the Manulife Securities platform. Her path into the financial services industry is a unique one.

Tune in to KBR next week for our Academic Excellence Issue…

On August 26, make sure you check out our Academic Excellence Issue of Knowledge Bureau Report.

Changes to RRSP and CGE Rules Recommended

The Investment Industry Association of Canada (IIAC) believes that increasing RRSP contribution maximums would help pre-retirees, and that deferring capital gains when shares of a small business are reinvested within six months of a sale would be a great way to boost economic growth.

Half $Million Penalty Comes with Vast Implications for Tax Advisors

A recent decision of the Supreme Court of Canada was extremely costly for the appellant and has vast implications for tax preparers and tax advisors across Canada.

How to Be in the Top 10% of Income Earners: Go Back to School

The statistics are overwhelmingly in favor of the higher educated when it comes to making the top 10% of income in Canada.
 
 
 
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%