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.

New Online Course Brings the Wisdoms of DAC to Those Who Missed It

Did you miss the 2021 Distinguished Advisor Conference?  Good news! Knowledge Bureau has captured the incredible insights and wisdoms from this outstanding educational event in a new certificate course entitled:  Integrated Practice Management Solutions now available.  Check out the description below and register before the end of this month to save $200. 

New Online CE Credit Course: Audit Defence for Small Business Owners

Are you working with small business owners who have received pandemic wage or rent supports?  Knowledge Bureau’s new Audit Defence: Managing Tax Risk for Small Business Owners is an online certificate course that helps advisors position small business owners for success for potential tax audits in 2021- 2023 with a concise pathway to navigate the complex rules and comprehensive documentation they will need to satisfy queries from clients and manage risk with the CRA.

Enrol By October 8: Take a Sneak Video Peek into the DAC Thought Leadership 2021

Take a sneak peek now the educational extravaganza about to unfold October 17 – 19.  Join Evelyn Jacks, President, in conversation with Canada’s leading financial minds – a preview is now available in video. The Globe and Mail touted DAC as one of Canada’s most innovative virtual conferences last year. This year, we think we’ve raised the bar even higher!  Check out this sneak peek through our new speaker videos and DAC-in-a-Box program guide. Enrol by October 8 to receive your DAC-in-the-Box. Final registration deadline is October 15.  Don’t miss it!

All New RWM™ Program:  6 New Modules Help Your Build Your Future Practice

Build the tax accounting and financial services practice of the future.  Real Wealth Management™ democratizes the Family Office concept previously only available to ultra-high net worth families.  Now, experienced advisors in Canada can learn to practice holistically with their best tax foot forward – such a critical piece of the capital sustainability puzzle for wealth holders.

Election Signals Higher Taxes for Some and a Boutique of Tax Credits for Others

Still in a health care emergency that in the short term continues to cloud economic recovery, Canada’s new minority Liberal Government will lead the country through the next phase of the pandemic and into what well could be a period of higher inflation, interest raters and taxes. 

The Accounting Place is Hiring

The Accounting Place is hiring!  We currently are looking for an experienced full-time permanent Tax Specialist to work in our office located in Stoney Creek, ON.  For full details and to apply for this position, please visit our website.
 
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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%
  • No
    21 votes
    84%