News Room

Time’s Up: CRA’s 100 Day Mandate for Improvement

After years of frustration on the part of tax professionals and taxpayers alike, the Finance Minister ordered the Canada Revenue Agency to clean up its act in 100 days. Specifically, the improvement plan was to run from September 2 through December 11. Finance Minister and Minister of National Revenue, Francoise-Phillippe Champagne instructed CRA to fix “unacceptable wait times and service delays.” Time’s up this week and CRA has released an update on progress. What gets measured, gets done. Let’s see what CRA’s metrics show. 

Coaching In Financial Decision-Making

Boost your skills so that you can analyze and explain financial reports and provide the guidance your business clients need to grow. Enrol in Managerial Accounting today.

Is Your Retirement Income Forcasting Accurate Enough?

It makes a difference. Your clients might be undersaving – or oversaving at the expense of their peace of mind. This must-attend live workshop will provide you with the best tools to preserve, grow, and transition wealth tax-efficiently for your clients and to the next generation. Earn up to 30 CE/CPD credits!

Canadian Small Businesses Still Behind On CASL Compliance

58% of KBR voters in our July poll indicated that the Canadian Anti-Spam Legislation (CASL) will not affect their business or their clients.

21 Million Tax Returns Filed Online

More than half of Canadians are now using professional EFILE services to do their taxes and despite the Heartbleed bug, close to 7 million Canadians used NETFILE to transmit their returns. 

30,000 Canadian Children Wait for Adoption

More than 20% of Canadians are or have considered adopting a child in Canada, but 75% of these potential parents are concerned about the cost.

RRSP Funds Payable to a Named Beneficiary Not Part of the Estate in Saskatchewan

A recent decision from the Saskatchewan Court of Queen’s Bench held that RRSP funds payable to a named beneficiary do not form part of the testator’s (deceased will maker’s) estate.
 
 
 
Knowledge Bureau Poll Question

It costs a lot more to go to work these days. Should the Canada Employment Credit of $1501 for 2026 be raised higher to account for this?

  • Yes
    35 votes
    87.5%
  • No
    5 votes
    12.5%