News Room

May 2025 Poll

Does the Liberal promise expected soon to cut the lowest personal income tax rate by 1% to 14%,  go far enough to help Canadians impacted by high costs?

When Is a Fraud a Business? Never, Apparently

Traditionally, if a business venture was a fraud from beginning to end, the courts have held it is not possible for a business to exist and therefore can be no source of income from which expenses could be deducted for tax purposes.

Evelyn Jacks: Non-Resident Pilots and Overseas Workers See Tax Hikes in 2013

When it comes to tax time, it always pays to do a good review of the tax changes from one year to the next and find those “dark horses”; the little-known tax facts that can make a big difference on tax filing outcomes. 

Grad Spotlight - How Doris Expanded Her Tax Knowledge Base and Grew Her Business

Doris Woodman-McMillan earned her DFA-Tax Services Specialist™ designation in 2008, and has been active Knowledge Bureau as a presenter and content beta tester. We are pleased to have Doris as one of our distinguished grads.

Hospital Parking to be Exempt from GST/HST

The federal government announced on January 24 that a new exemption would be available on hospital parking costs for patients and their visitors. Comments on the proposals are to be submitted to Finance Canada by February 24.

Northern Residents Deduction

If you lived in a prescribed northern or intermediate zone for a period of at least six consecutive months beginning or ending in a taxation year, you may claim the Northern Residents Deduction on Line 255 by filing Form T2222 Northern Residents Deductions.

What are the new rules for Foreign Holdings reporting?

Very important changes are coming through for those who have assets offshore.
 
 
 
Knowledge Bureau Poll Question

Does the Liberal promise expected soon to cut the lowest personal income tax rate by 1% to 14%, go far enough to help Canadians impacted by high costs?

  • Yes
    3 votes
    10.34%
  • No
    26 votes
    89.66%