Tax complexity aside, there has rarely been a more promising career opportunity in the tax preparation industry than today, especially for younger people who are jazzed by the potential of AI and digital transactions with the tax department. Based on the latest Departmental Plan released by CRA on June 17, 2025, key initiatives include the prioritization of AI and a continued digital transformation. So if you love technology, chances are good that you might also love a career in taxation. Knowledge Bureau can help. Here’s what you need to know:
The All New Virtual CE Summits will be introduced to you on April 22 and May 13. We are so pleased to combine the power of a robust online learning course with an interactive Zoom Meeting platform with your instructors on May 13 to discuss the details of the COVID-19 Emergency Response provisions. Please mark your calendar now.
The government released costing and timelines for its various pandemic response provisions on April 1 and this, co-mingled with reports from the Parliamentary Budget Officer indicates a steep climb back to fiscal health once the pandemic crisis is over. Tax and financial advisors will want to shore up their knowledge on managing individual and family balance sheets against a future back drop of slow economic growth and potentially much higher taxes.
If March 2020 roared in and out like a lion, so did tax pros’ views on CRA’s attempt to improve phone services so far this turbulent tax season. Clearly there is much more to be done as a full 70% of respondents said “no” when we asked: “This tax season CRA is providing online tools to estimate telephone answering and return processing wait times. Do you think this is a service improvement?” Here are some of their comments:
This new online tax training program is the right one for unusual times in the tax and financial services. Not only does it address the myriad of changes on the 2019 tax return, it also provides an important professional program during an unprecedented health crisis. It is an important training solution for four specific needs:
During this time of uncertainty, more Canadians need to feel financial peace of mind, and the guidance a qualified Real Wealth Manager™ can provide with a critically important strategy, process and success-oriented skillset. That’s why if you’re looking for continuing professional education, now is a great time earn the RWM™ credentials online. Until March 31 save an additional $50, too.
COVID-19 Response at Knowledge Bureau. We are committed to personal and community safety, so our educational and instructional team is at your side from their home-based offices. It is a good time to stay in touch, by email or phone. We would love to hear from you , even just to know you are okay... so please stay in touch.
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?