Opportunity: Canadian Dollar Stabilizes, Somewhat

Things have started to turn around for the Canadian dollar in the second quarter of 2025. It hit a 22 year low in January of 2025. Investors and property owners, who have been swooning at the high burn rate in their travel plans and property maintenance abroad, may wish to consider recent more positive trends and consider some risk mitigation opportunities now that the dollar is stabilizing somewhat.  

As March came to a close, the CRA had received 9.3 million returns, and according to data to March 13, average tax refund amounts had declined slightly from February: coming in at $2,172. Over the year, the size of the tax refund has been steadily increasing.  We asked you to tell us whether CRA should cut back on withholding taxes so that Canadians could keep more in their pockets every two weeks.  The no’s won at 62.96%.  Here were your comments:

If getting back 500 hours a year, making more, spending over 60% less money, and bringing in lots of new clients while realizing work-life balance with your important relationships is appealing to you, then the next Webinar from Knowledge Bureau Network on April 11 is exactly what you’ve been looking for.  You’ll get a sneak peek at how to retool and build an amazing digital practice from Derek Notman, CEO of Connector, and fellow advisor who got tired of doing business the old way.

Did you know: the accounting, tax, bookkeeping and payroll services represent 23.6 billion, showing an 8.9% increase annually.  This according to Statistics Canada shows that this is a healthy, and essential, industry for Canadians.  That’s why now may be the right time to enhance your professional education with the Certificate Course Bookkeeping in a Digital World.

Are you ready to consider incorporating your proprietorship, navigating family dynamics within your company or considering philanthropic donations through investments that match your values then you’ll want to check out our latest collection entitled Building Your Business, which provides you a new opportunity to earn 5 CE Credits.

The Special Report on the 2023 Federal Budget is a Knowledge Bureau subscriber exclusive!

It is indeed that time of the year: tax season is upon us and there is lots of tax news for those just starting their 2022 T1.  With just under 5 million tax returns already filed by mid March, the average refund is just under $2,200 and the average balance  just under $4,500.  Here’s my top picks for tax tips you need to know to maximize your entitlements: