News Room

Fall Federal Budget: Will Spending Be Cut?

Canada has historically presented an annual budget since Confederation in 1867, even through periods like World Wars and the Great Depression, but we have recently experienced the longest period without a full federal budget in our history. By the time the next one is brought down, expected in October 2025, it will have been 18 months since the controversial April 2024 budget which introduced the doomed capital gains inclusion rate hikes. What can we expect?

Featured Course: Accounting for Business Transitions

At some time in the lifecycle of a business, the owner/manager must deal with the sale or succession of the business. This course will help you guide your client in making decisions regarding the financial and business issues that arise during these transitions.

Featured Tool: Registered vs. Non-Registered Savings Calculator

Get a quick answer to how much tax saving are available by making an RRSP contribution and determine the costs of a proposed RRSP loan and compare the loan costs to the earnings within the RRSP during the loan repayment period. Read more to see the calcualtor in use.

Featured Event: 10th Anniversary DAC—Register by Feb. 15 and Save

Help us celebrate 10 years of cutting edge professional development and seize the opportunity: be there to think strategically with top advisors at the Distinguished Advisor Conference in Ojai, California, November 10–13, 2013.

Canada Inspires Confidence

Readers of Knowledge Bureau Report are heading into 2013 confident in Canada’s financial prospects.

How Canadians Spend Their Money

In 2011, the average Canadian spent $73,457 — 75% or $55,151 of which was spent on goods and services such as shelter, food and transportation.

The CRA Makes It Easier for SR&ED Claimants

The Canada Revenue Agency (CRA) is making it easier for corporate taxpayers to determine if they qualify for the Scientific Research and Experimental Development (SR&ED) tax incentive program.
 
 
 
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
    4 votes
    23.53%
  • No
    13 votes
    76.47%