With the rising cost of transportation, meals, clothing, and other work-related expenses, many Canadians are questioning whether the Canada Employment Credit, set at $1,501 for 2026, still reflects the real cost of earning employment income. Tax professionals, employers, and taxpayers continue to debate whether the credit should be increased, restructured, or replaced altogether. When our poll asked if the Canada Employment Credit should be increased, 87% said yes. Below are perspectives shared by tax and financial professionals across the country.
Congratulations to Alec Lui on the completion of the MFA-P Designation program! Alec started his career in 2020 as an advisor and in 2022 joined the insurance carrier as a wholesaler to partner with advisors to help Canadians protect what matters most to them. Hear what he has to say about his experience with the program:
Bare trusts have been the subject of extensive filing controversies. They have been commonly used to hold family cottages and other properties, to avoid probate, or for privacy purposes. CRA will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust) for the 2023 or 2024 tax year, unless they make a direct request. But, we are now in 2025 and professionals and their clients need to know the rules.
Statistics Canada has recently released statistics about the incredible opportunities for career starts and advancement in the tax preparation industry.
The RWM™ (Real Wealth Manager) is the designation of choice for independently minded advisors who want to practice in a truly holistic framework using a multi-generational approach to wealth management. It is also the designation that indicates the skills to manage strategic focus within an inter-advisory team required to make joint-decisions with higher net worth clients. Finally, you’ll be connected to an incredibly talented, national network of RWMs. Find out more below:
Congratulations to Alec Lui on the completion of the MFA-P Designation program! Alec started his career in 2020 as an advisor and in 2022 joined the insurance carrier as a wholesaler to partner with advisors to help Canadians protect what matters most to them. Hear what he has to say about his experience with the program:
Bare trusts have been the subject of extensive filing controversies. They have been commonly used to hold family cottages and other properties, to avoid probate, or for privacy purposes. CRA will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust) for the 2023 or 2024 tax year, unless they make a direct request. But, we are now in 2025 and professionals and their clients need to know the rules.
Statistics Canada has recently released statistics about the incredible opportunities for career starts and advancement in the tax preparation industry.
The RWM™ (Real Wealth Manager) is the designation of choice for independently minded advisors who want to practice in a truly holistic framework using a multi-generational approach to wealth management. It is also the designation that indicates the skills to manage strategic focus within an inter-advisory team required to make joint-decisions with higher net worth clients. Finally, you’ll be connected to an incredibly talented, national network of RWMs. Find out more below:
Learn the skills to develop strategies for accumulation, growth, preservation and transition of sustainable wealth.
