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.
FOR IMMEDIATE RELEASE – Andy Fisher is a Partner in the Insolvency & Restructuring practice at Farber Financial Group and leads the firm’s Small Business Restructuring practice.
FOR IMMEDIATE RELEASE – Cyber threats know no boundaries. Cybercrime risks are increasing; however, risk awareness differs greatly. Cybercrime is not just for monetary gain but also for valuable information about individuals.
FOR IMMEDIATE RELEASE – Tax and financial advisors are under the microscope for their performance, competency and high value. Hear the stories of distinguished professionals who are unafraid to embrace the new challenges of regulation and change.
Winnipeg, MB - Top tax and wealth advisors from across Canada will travel to Puerto Vallarta later this fall to participate in a strategic think tank on the challenge of building multi-generational relationships in a global environment in which digital communications both enhance opportunities and present new risks.
The technical side of payroll, if done incorrectly, can cost the employer or the employee money, not to mention incurring penalties with the Canada Revenue Agency.