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.

DAC Acuity 2022: Incorporating Alternative Investments into Client Portfolios

An exciting development over the past few decades has been the democratization of alternative investments, bringing these once exclusive set of investments to an ever-increasing group of investors. Advisors must be ready to discuss these products and help their clients navigate the risks and opportunities within the current market.  The alternative investment session at DAC Oct 16-18, led by Jennifer Louth, Sr. Learning Consultant FT Academy, Franklin Templeton, covers all of that and more. 

New Advisor Award: Nominations Accepted Until September 15

Nominate someone you know for the DAC New Advisor Award today! 

DAC 2022: Financial Peace of Mind Through the Emotional Despair of Climate Change

Estate Planning: Finding Financial Peace of Mind Despite Next Gen Despair

Business Leaders: Future-Proof Your Practice

Gender Inclusion: Acknowledging and Servicing Transgender, Non-Binary and LGBTQ2+ People. It has never been more apparent than now that gender norms are changing, and these changes are here to stay.

CE Summits September 21: Managing Audit Trouble Spots

With the "ramped-up" activity of the Canada Revenue Agency ("CRA") relating to taxpayer audits, you and your clients will want to take pre-emptive measures to manage potential audit trouble spots.

DAC Acuity 2022: Building Momentum from the Executive Suite

Change is difficult at the best of times but today, it’s harder, especially for business leaders, owners and managers. 
 
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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
    16.67%
  • No
    20 votes
    83.33%