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:
Breaking News - From Finance Canada today - a postponement of capital gains inclusion rate increase from June 25, 2024 to January 1, 2026—the new date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and most types of trusts.
New! Get hooked on preparing income taxes for tax season 2025 with dozens of true-to-life case studies using professional tax software to build your confidence. It’s Knowledge Bureau’s Canada’s Income Tax Fundamentals, now available for online training. It features a dynamic 3 hour instructional overview - worth the price of admission on it’s own plus personal instructor support! It’s perfect for anyone new to personal tax filing - really valuable for career development in tax preparation or financial services. Here are the details.
Get ready for the Acuity Conference for Distinguished Advisors experience in Puerto Vallarta, November 23-26, 2025 where we’ll be gathering for 4 days of mornings in session, afternoons in the sun, and fun and fiesta at night! We’re pleased to announce our official conference venue: the Sheraton Buganvilias Resort and Convention Centre. This is an All Inclusive resort experience at exclusive prices for KB Delegates. Check out the details and register for the conference now and you'll receive access to book your hotel room! Team member and group rates available.
There have been recent changes in the mechanics of how trusts function, including the Graduated Rate Estate (GRE) rules along with new rules in regard to which trusts are required to file a return every year regardless of whether or not there is income to be reported for trusts with taxation years ending after December 30, 2023. The deadline for filing those return is no later than 90 days after the trust's tax year-end. This is generally December 31. Therefore, trusts with a December 31, 2024, must file a T3 by March 31, 2025.
One week until Rookie Tax Training School focused on families, employees and investors. This half day event drills down on key tax filing tips and traps for tax season 2025 and will take a detailed look at the tax forms, including late form releases from CRA, and is ideal for anyone new to personal tax filing and especially valuable for career development in the tax preparation, public accounting or financial services industries. Register now and upskill your team for the upcoming tax season. Your tuition includes access to Canada’s Income Tax Fundamentals Course.
The DMA™ Distinguished Master Advisor is a technical specialist in one or more financial disciplines: personal tax, corporate tax, accounting, or small business management and business transition services. Register by February 15 to earn new specialized credentials that build confidence, bring new solutions and build new networks!
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?
Breaking News - From Finance Canada today - a postponement of capital gains inclusion rate increase from June 25, 2024 to January 1, 2026—the new date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and most types of trusts.
New! Get hooked on preparing income taxes for tax season 2025 with dozens of true-to-life case studies using professional tax software to build your confidence. It’s Knowledge Bureau’s Canada’s Income Tax Fundamentals, now available for online training. It features a dynamic 3 hour instructional overview - worth the price of admission on it’s own plus personal instructor support! It’s perfect for anyone new to personal tax filing - really valuable for career development in tax preparation or financial services. Here are the details.
Get ready for the Acuity Conference for Distinguished Advisors experience in Puerto Vallarta, November 23-26, 2025 where we’ll be gathering for 4 days of mornings in session, afternoons in the sun, and fun and fiesta at night! We’re pleased to announce our official conference venue: the Sheraton Buganvilias Resort and Convention Centre. This is an All Inclusive resort experience at exclusive prices for KB Delegates. Check out the details and register for the conference now and you'll receive access to book your hotel room! Team member and group rates available.
There have been recent changes in the mechanics of how trusts function, including the Graduated Rate Estate (GRE) rules along with new rules in regard to which trusts are required to file a return every year regardless of whether or not there is income to be reported for trusts with taxation years ending after December 30, 2023. The deadline for filing those return is no later than 90 days after the trust's tax year-end. This is generally December 31. Therefore, trusts with a December 31, 2024, must file a T3 by March 31, 2025.
One week until Rookie Tax Training School focused on families, employees and investors. This half day event drills down on key tax filing tips and traps for tax season 2025 and will take a detailed look at the tax forms, including late form releases from CRA, and is ideal for anyone new to personal tax filing and especially valuable for career development in the tax preparation, public accounting or financial services industries. Register now and upskill your team for the upcoming tax season. Your tuition includes access to Canada’s Income Tax Fundamentals Course.
