Are your clients owed money by CRA? As of March 31, 2025, the CRA holds about 10.2 million uncashed cheques totalling $1.7 billion. In your view, why is this happening? We put that question to our readers last months and as usual, their comments were insightful:
Especially for tax planners and financial advisors: we are transitioning to a new economy with a new government. Gain critical insights into tax efficient retirement and estate planning to help your clients mitigate risk. Mark your calendar to attend Canada’s most current virtual continuing educational summit from Knowledge Bureau on May 21. Learn about the new Liberal government’s proposals for 2025 and beyond and earn a new credential, too: Knowledge Bureau’s new CE Summits – Advisory Diploma, Register now to May 15 and save up to 50%.
Introducing the Knowledge Bureau News Network – a new financial education environment everyone can engage in and in the case of professional tax and financial advisors, to start earning CE/CPD Credits, too. Check out the three networks to choose from. There are absolutely no pre-requisites; just a desire to master the news and what it means to the decisions you need to make about your finances, your business and your influential role in your community. Here’s how it works:
Missed Today’s RWM™ & Virtual Campus Orientation? The Recording is Now Available! Continue the conversation. Revisit the insights. Take the next step in your professional journey.
Consider how common out of pocket medical expenses are and how many millions of people miss claiming them. We overview a few of those “dark horses” below.
Did you know that total health care spending in Canada is estimated at over $9,000 per person and is estimated by Health Canada to be between 10.9% and 13.4% of the Gross Domestic Product (GDP), and that the average out-of-pocket health care cost was $1,189 per capital in 2022. With a shrinking GDP on the horizon through a potentially recessionary period ahead, it’s important to know which of the numerous out-of-pocket expenses will qualify for the Medical Expense Tax Credit (METC) claimed on Line 33099 of the T1 General tax return. Today, we discuss medical travel costs, moving for medical reasons and other medical deductions you don’t want to miss on your tax returns. Here’s an overview:
Coming THIS EASTER WEEKEND, A NEW LEAP - Knowledge Bureau’s new digital home. Check it out! We have Grand Opening tuition offers available to you as new and returning visitors, April 17 to April 21! VIP Graduates, your offers come first to your email on April 17. For everyone else, we invite you to explore the new 2025-2026 Curriculum and the Four New Pathways to Upskilling - from entry level to mastery level - and receive a $50 tuition credit to use now until June 30.
Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?
Especially for tax planners and financial advisors: we are transitioning to a new economy with a new government. Gain critical insights into tax efficient retirement and estate planning to help your clients mitigate risk. Mark your calendar to attend Canada’s most current virtual continuing educational summit from Knowledge Bureau on May 21. Learn about the new Liberal government’s proposals for 2025 and beyond and earn a new credential, too: Knowledge Bureau’s new CE Summits – Advisory Diploma, Register now to May 15 and save up to 50%.
Introducing the Knowledge Bureau News Network – a new financial education environment everyone can engage in and in the case of professional tax and financial advisors, to start earning CE/CPD Credits, too. Check out the three networks to choose from. There are absolutely no pre-requisites; just a desire to master the news and what it means to the decisions you need to make about your finances, your business and your influential role in your community. Here’s how it works:
Missed Today’s RWM™ & Virtual Campus Orientation? The Recording is Now Available! Continue the conversation. Revisit the insights. Take the next step in your professional journey.
Consider how common out of pocket medical expenses are and how many millions of people miss claiming them. We overview a few of those “dark horses” below.
Did you know that total health care spending in Canada is estimated at over $9,000 per person and is estimated by Health Canada to be between 10.9% and 13.4% of the Gross Domestic Product (GDP), and that the average out-of-pocket health care cost was $1,189 per capital in 2022. With a shrinking GDP on the horizon through a potentially recessionary period ahead, it’s important to know which of the numerous out-of-pocket expenses will qualify for the Medical Expense Tax Credit (METC) claimed on Line 33099 of the T1 General tax return. Today, we discuss medical travel costs, moving for medical reasons and other medical deductions you don’t want to miss on your tax returns. Here’s an overview:
Coming THIS EASTER WEEKEND, A NEW LEAP - Knowledge Bureau’s new digital home. Check it out! We have Grand Opening tuition offers available to you as new and returning visitors, April 17 to April 21! VIP Graduates, your offers come first to your email on April 17. For everyone else, we invite you to explore the new 2025-2026 Curriculum and the Four New Pathways to Upskilling - from entry level to mastery level - and receive a $50 tuition credit to use now until June 30.
