Should the Canada Employment Credit Reflect the True Cost of Going to Work?

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.

Soar Higher: Rewire Your Thinking and Your “Value Hub”

The financial services industry has never been under more pressure to improve on its professionalism. At the same time, more services are being disrupted by new technologies and providers.

Distinguished Advisor Conference 2016, San Diego, California

Experts and visionaries from all sides of the financial services are now preparing their ground-breaking research for presentations at the Distinguished Advisor Conference, November 6 to 9 in San Diego.

Mark Your Calendar

Now that tax season is in full swing, Knowledge Bureau would like to remind you of some key dates to mark in your calendar: Regional DAW Workshops - May 24 to 31, Summer Studies Begin June 15, DAC  Nov 6 -9.

People in the News: Cecil Baldry-White

Cecil Baldry-White, CEO of Alitis Investment Counsel, believes there are six major challenges that wealth advisors face in attaining higher returns and longer term performance for their clients in today’s difficult investment environment, and he believes we must meet these challenges head on.

Insurance Strategies Course Updated and Improved

Small business forms the backbone of the Canadian economy, yet only a minority of businesses successfully pass to new owners. Sophisticated strategies are needed to ensure greater success in the transition of business ownership.

Advanced Payroll Course Updated at Knowledge Bureau

A tax-efficient payroll is one that ensures employees pay only the correct amount of tax and no more with every paycheque. Bookkeepers and payroll departments that offer employees the opportunity to integrate tax efficiencies provide a valuable service that can lead not only to higher take-home pay, but higher family savings rates, too.
 
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Knowledge Bureau Poll Question

Do you agree with the government’s plan to introduce the new Canada Groceries Essentials Benefit (CGEB)?

  • Yes
    11 votes
    39.29%
  • No
    17 votes
    60.71%