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: Inaugural MFA-P™ Symposium on October 30

The inaugural MFA-P Symposium will be held in Toronto on October 30th, 2024. You’ll experience six dynamic sessions from industry leaders designed specifically to help advisors engage their clients about strategic charitable giving. It’s an opportunity to meet peers and industry leaders who can help you build your business.

Diploma in Advanced Family Tax Compliance: Introductory Offer!

Knowledge Bureau is pleased to introduce a new Diploma in Advanced Family Tax Compliance.  This comprehensive program is ideal for experienced tax accountants and wealth advisors who require updating in the latest  tax and economic changes from Finance Canada and CRA in order to help clients meet tax filing compliance requirements and family wealth planning objectives.  The program comprises of four online courses, 5 chapters each, and 4 virtual CE Summit events. A special introductory tuition offer is available until July 30.  Details below.   

Acuity 2024: Experience Montreal with Pre-Conference Activities

Check out the outstanding pre-conference activities we have selected to enhance your experience in Montreal! Open to all 2024 Acuity Conference for Distinguished Advisor attendees and their companions. Space is limited, reserve now!

How to Receive a Grant of Up to 75% Training Costs

Thinking of enrolling employees for training this fall?  The Canada-Manitoba Job Grant will begin accepting applications July 24! But the grants go quickly so apply now if you are interested in enrolling employees in Knowledge Bureau training programs.  Up to $10,000 per individual can be received.  The grants are available in other provinces too, but with varying deadline dates. Details below:

Introducting a New Diploma Program

Knowledge Bureau is pleased to introduce a new Diploma in Advanced Family Tax Compliance.  The program provides critical technical studies for professional tax accounting and financial advisors whose clients are facing increasing tax audit risk with recent changes for capital gains dispositions, rental property ownership and family business succession.

Check It Out: 13 Great Sponsors at the 2024 Acuity Conference for Distinguished Advisors

Have you added your company’s logo to the list of esteemed partners at this year’s Acuity Conference for Distinguished Advisors?   There is still time to promote your good work nationally and join this illustrious group. Get in by September 30!
 
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Knowledge Bureau Poll Question

The automobile deduction limits raised — the CCA ceiling for passenger vehicles to $39,000 plus tax for 2026. In your opinion, is that high enough?

  • Yes
    4 votes
    18.18%
  • No
    18 votes
    81.82%