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.

Distinguished Advisors Honoured at DAC Acuity 2023

DAC Acuity 2023 in Banff was truly remarkable. The Delegates in attendance represented a multi-disciplinary array of leading professionals from the tax and financial services poised to position themselves as advisors of the future. In recognition of this, the DAC 20th Anniversary Awards honoured some outstanding winners: including the Advisor of the Future Award, New Movers & Shakers Award, Industry Change Makers Award, and The Distinguished Master Advisor Award. Please read their stories below! Congratulations to all winners! Join us next year for the 2024 Acuity Conference for Distinguished Advisors November 10-12 in Montreal!

Give the Gift of Experiential Wisdom

The world has weathered through the most significant health and financial crisis in recent history.  Everywhere there is fallout—lost investments, lost careers, lost homes, broken marriages and significant relationships.  Is there light at the end of the tunnel?  Absolutely! Imagine sitting down for the weekend with 50 successful Canadians from all walks of life to hear about their difficult life experiences and how they overcame them.  Make a difference:  give the gift of hope!  

DAC Acuity 2023: 20th Anniversary Award Winners Announced

The 2024 DAC Acuity Conference wrapped up in Banff today where thought leaders from coast-to-coast gathered to discuss the theme Imagine:  Break Free to Embrace Transformative Change.  In celebration of Knowledge Bureau’s 20th anniversary, the national financial educational institute handed out a series of awards to individuals, academics and firms in the tax accounting and financial services to recognize excellence in holistic tax and wealth management practices.  A new designation, the Fellows of Distinguished Financial Services (FDFS™) was also awarded to close to 100 deserving individuals.

KBR Special Report - Tax Assistance for the Disabled

There are 6.2 million persons with disabilities in Canada, 23% of whom live in poverty.  And, more shocking is the fact that 13.1% of young people age 15 to 24 years, are living with a disability, comprising of 4.1% of the population.  The Canada Disability Benefit (CDB) was into law on June 22, 2023 to help.  But the fine details are still sketchy. The payments are not expected to start until December of 2024.  Still, tax assistance is possible and an important part of year end tax planning. Subscribe to KBR to receive your copy of this special report directly in your inbox!

Prepare for New Tax Eroders Before the 2024 Season Begins!

Yesterday’s CE Summit: Year-End Tax Planning was a hit, and it’s only the beginning of the professional development options available from Knowledge Bureau to give you the tools you need to help a variety of client profiles this upcoming tax season. Take the micro-course collection, New Issues in Year-End Tax Planning and join us at the January Advanced T1 Tax Update, which will be held virtually, as well as in Toronto and Calgary. Save on tuition with an event pass, and take note of early-bird deadlines.

RSVP: Money and You: Seniors Edition Launches November 14 in Winnipeg

In Winnipeg on November 14?   The Canadian Foundation for Economic Education CFEE.org  want to invite you to a light lunch and launch of an important new financial capability resource from 11:45 AM - 12:45 PM CDT at the Museum of Human Rights in Winnipeg, entitled: Money and You: Seniors Edition.   This event will feature guest speakers from the program sponsor, IG Wealth Management, CFEE CEO Gary Rabbior, and by video from Evelyn Jacks, the primary author. A program demo from CFEE COO Kevin Maynard will also be featured.
 
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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%