Real Tax News: Tax Filing Season 2026 Full of Surprises

When CRA officially opened the electronic floodgates on tax filing season on February 23 this year, it was with a number of pieces of news. Did you know, for example, that the GST/HST Credit has now been officially renamed the Canada Groceries and Essentials Benefit (CGEB)? You get it by filing a tax return and interacting with CRA’s new digital services, which unfortunately still refer to the old name – the GST/HST Credit. It’s just one of those “game changers” that make Real Tax News with Evelyn Jacks and Friends, starting this week for its second season, so valuable to Canadians. 

The All New Virtual CE Summits

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 Costs and Timelines: The Debt and Deficit are Ballooning

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.

March Poll:  Tax Professionals Unimpressed by CRA Improved Phone Service

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:

New! 2020 Advanced Professional Tax Filing Course

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:

Bring Peace of Mind with Credentials for Holistic Financial Guidance

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.

E-Learning, Elephants, and a Renewed Focus

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.
 
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