When CRA officially opened the electronic floodgates on tax filing season on February 23 this year, it was with a number of pieces of news. Did you know, for example, that the GST/HST Credit has now been officially renamed the Canada Groceries and Essentials Benefit (CGEB)? You get it by filing a tax return and interacting with CRA’s new digital services, which unfortunately still refer to the old name – the GST/HST Credit. It’s just one of those “game changers” that make Real Tax News with Evelyn Jacks and Friends, starting this week for its second season, so valuable to Canadians.
“Do you believe the November 4 Federal Budget addressed the key financial issues your clients need to see from their Finance Department and the CRA?” That’s the question we asked Knowledge Bureau Report readers last month. Over 86% of the respondents said the government got it wrong. Some comments about what was missing below. Also, now’s the time to weigh in on the final poll question for 2025.
Available Tomorrow! The Special Report on the 2025 Acuity Conference for Distinguished Advisors (DAC) captures the key learning, insights, and highlights from the 2025 Acuity Conference for Distinguished Advisors in Puerto Vallarta. The reviews from delegates, like Jane’s below, were amazing and so were the pictures, the gorgeous vistas and above all, the “A” game the outstanding speakers brought to their current and relevant topics!
Family businesses are at the heart of Canada’s economy, yet most won’t survive beyond the first or second generation: 70% of wealthy clients will lose their wealth in the first generation that inherits. Worse by the third generation, 90% of it will be gone. When they fail, the impact extends far beyond the owners—employees, communities, and local economies all feel the loss. That’s why now is an ideal time to build your expertise in this area. The good news: you can learn more and earn CE Credentials with our limited-time 50% off Black Friday offer on the Advising Family Business course.
The Acuity Conference for Distinguished Advisors is just days away, and we are once again thrilled to recognize Mandeep Singh Duggal – CEO of Pro Tax Block, and dedicated community builder - as our Title Sponsor. His story is not only remarkable, but emblematic of the resilience, grit, and entrepreneurial spirit that define so many of Canada’s most impactful entrepreneurs.
Tax and financial advisors in Canada have been sharing their thoughts on CRA’s new SimpleFile system, and their opinions are strong. We asked if they thought the newly revamped automated tax system will help more Canadians access tax benefits and comply with the tax system. 92% said no – why? Check it out below!
Canadians are making new choices about their assets in the US. What are the cross-border tax implications? Find out the details you need to know with one of the world’s most knowledgeable cross border experts, Dr. Dean Smith, PHD, CFP, TEP, CPA, CA, RWM™, FDFS™ in a session focused on the Impact of Selling US Properties, only at the 2025 Acuity Conference for Distinguished Advisors in Puerto Vallarta November 23-26.