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?

Evelyn Jacks: Take Only What is Necessary – Lessons from Ancient Tax Law

With all the political shenanigans of late (both federal and local), the respect – or lack thereof – of the taxpayers’ dollars emerges on front page news daily. If this is particularly irksome to you, you might be interested in a little history of taxation in Canada. 

Civil & Criminal Tax Law: Keep Admissibility of Evidence in Mind

Those involved in criminal tax evasion cases are advised to bear civil tax consequences in mind when negotiating plea bargains and making admissions because the Tax Court of Canada (TCC) may admit evidence that may be otherwise inadmissible, if unchallenged in prior criminal proceedings.

Claim the Costs of Adopting a Child

If you adopt a child, you may claim a credit for the adoption expenses in the year that the adoption becomes final. This amount may be claimed by either spouse.

Make Claims for Children’s Programs in Year Paid

Claims for the Children’s Arts and Children’s Fitness tax credits are based on when the payment is made, not the year in which the activities are scheduled.

Stump Jacks on Tax

Join Evelyn Jacks on Friday, November 29 for a live online chat with MoneySense. It's your chance to ask Jacks your burning tax questions and have her respond right away. We challenge you to stump her...don't bet on it! Register for free at moneysense.ca/taxchat.

Twenty & Thirty-Somethings: Is Failure to Launch About Confidence?

Toronto, Ontario.  Why are highly educated young people unable to land great jobs and move out of the basement? Is it about youth and inexperience or is it about standing out in a lacklustre economy? Catherine Bell thinks it’s about “Presence.” 
 
 
 
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
    8.82%
  • No
    31 votes
    91.18%