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.

Grad in the News – Harvey Agustin, RRC® CFP® CLU® CHS™ CEA® MFA-P™ RWM™

This month, Knowledge Bureau Report celebrates the achievements of Harvey Agustin, an outstanding professional from Calgary, Alberta who has recently designated as and RWM™ - Real Wealth Manager and an MFA-P™ - Philanthropic Services Specialist.  He tells us what these achievements have meant to him. 

Summer Time is the Right Time to Train as a Specialist

Good news!  It’s officially the farthest month between tax seasons, but time will march quickly on the journey towards 2024, when highly trained personal tax specialists will again be in high demand.  That’s why July is such a good month to commit to Knowledge Bureau’s Tax Training School, featuring the DMA™-Personal Tax Services Specialist program and its six professional courses, updated for 2023 tax filing requirements, and available for continuous intake now. 

June 30 Deadline: Designate Recertification, Canada Day Sale and more!

June 30 is an important date for current and prospective Knowledge Bureau students! Save time and money, act now for Designate recertification, half price CE Savvy Collections, DAC early-bird deadline, and a special Canada Day sale for our specialized credentials programs! As a reminder, our offices will be closed on Monday, July 3 –  check out these tuition specials: online registration is always available!

DAC Acuity 2023: Featuring a Tax Planning Powerhouse!

The 2023 Distinguished Advisor Conference (DAC Acuity) takes place November 12 to 14 at the beautiful Banff Springs Hotel. This year out line-up of thought leaders features a tax planning powerhouse…check it out and be sure to register by the June 30 early-bird deadline to save up to $900 on tuition.

Last Chance: Free Lunch & Bold Thinking!

Want to get your blood pumping and your imagination soaring about what the future of the tax, accounting and financial services might look like?   This is your invitation to think boldly and re-imagine it!   Please join the Society of Real Wealth Managers RWM™ for an open conversation about what’s holding us back in making transformational change on November 12 over brunch at the Banff Springs Hotel on the day the  amazing 20th Anniversary DAC Acuity 2023 Conference begins (November 12-14th).  Register by June 30 and lunch is complimentary for members. 

Canada Manitoba Job Grant: Intake 1 for 2023-24 Is Open!

The Canada Job Grant is a collaborative program between the federal and provincial governments designed to assist employers and employees in developing skills for success. The program is available in most provinces, and Manitoba just announced that intake 1 for the 2023-2024 Canada-Manitoba Job Grant is now open! Eligible training dates include training that began on or after April 1, 2023 and ends on or before March 31, 2024.
 
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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
    17.39%
  • No
    19 votes
    82.61%