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.

Mark Your Calendar:  Advanced Family Business & Year-End Planning Workshop

Advisors who work with corporate clients, real estate holders and high net worth individuals will want to sharpen their knowledge in advanced tax, retirement, succession and estate planning strategies by hearing Canada’s leading experts on the subjects starting the last week of October.

Tune in to KBR next week for our Breaking News Issue…

On September 2, make sure you check out our Breaking News Issue of Knowledge Bureau Report.

The Mentorship Series: Become the Advisor You Would Seek For Yourself

FOR IMMEDIATE RELEASE – Monica Weissmann is an independent financial advisor who runs her business on the Manulife Securities platform. Her path into the financial services industry is a unique one.

Tune in to KBR next week for our Academic Excellence Issue…

On August 26, make sure you check out our Academic Excellence Issue of Knowledge Bureau Report.

Creative Planning To Bridge Generations: Tim Cestnick Speaks at DAC

FOR IMMEDIATE RELEASE – When capital moves from one generation to the next, there are both risks and opportunities.Tax and wealth management expert Tim Cestnick explores this in his session, Bridging Generations with Creative Planning.

Tune in to KBR next week for our Breaking News Issue…

On August 19, make sure you check out our Breaking News Issue of Knowledge Bureau Report.
 
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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%