News Room

Knowledge Bureau Poll: Tax Cut Doesn’t Cut It!

The Notice of Ways and Means Motion was released on May 27, but the 1% tax rate cut going into effect on July 1, didn’t cut it with Knowledge Bureau Report readers who responded to our May Poll.  A decisive 90% of respondents said “No” when asked: does the new government’s promise to cut the lowest personal income tax rate by 1% to 14%, (14.5% in 2025) go far enough to help Canadians impacted by high costs?  Here were their comments and suggested alternatives based on real life experiences with the after-tax income their struggling clients are left with:

Life Purpose

“The difference between the richest man and the poorest is but a day of hunger and hour of thirst.” —Kahlil Gibran

Addressing the Threat of Artificial Intelligence in Financial Services

What has more value: Artificial Intelligence or the advice humans give to their clients? The debate is on at the Distinguished Advisor Conference, November 5 - 8 in Kelowna.

Find Success Through In-Demand Job Opportunities: Start Your Tax Preparation Career

Looking for a career-building “back-to-school” project? Knowledge Bureau has developed a new introductory tax course

Win Your Way to the Distinguished Advisor Conference: a $2,000 Value!

It’s your last chance to participate in Knowledge Bureau’s trivia contest,

People in the News

Darren Ryan, an insurance and financial services professional in St. John’s, NL, shares his thoughts about attending last year’s Distinguished Advisor Conference

Knowledge Bureau Comments on Proposed Changes to the VDP

CRA is proposing changes to its Voluntary Disclosure Program (VDP). In response, Knowledge Bureau submitted the following comments for government review in advance of the August 8, 2017, consultation deadline: 
 
 
 
Knowledge Bureau Poll Question

Are your clients owed money by CRA? As of March 31, 2025, the CRA holds about 10.2 million uncashed cheques totalling $1.7 billion. In your view, why is this happening?

  • Yes
    4 votes
    40%
  • No
    6 votes
    60%