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.

Partnership Opportunity: Help Advisors Prepare for the Roaring 2020’s

Are financial professionals having the conversations required to prepare clients for Black Swan events that could dramatically change balance sheet valuations? That requires acuity – a sharpness of thought and vision - the theme of this year’s Distinguished Advisor Conference in Niagara Falls, October 28-30.  We are now inviting proposals on topics to be delivered by sponsors and partners to the event. Here’s why you should join us.

It’s a Leap Year! Some Fun Facts, and a Special Offer…

Did you know about 5 million people in the world have birthdays every four years on a Leap Year?  Rumor has it they also have very special powers! With February 29, 2020 just around the corner, we are pleased to share some fun facts about Leap Year with you, along with some special powers  to take advantage of our Leap Year Tuition Special, which ends (you guessed it) on February 29!

Take in One of the World’s Eight Wonders: RSVP for DAC Acuity by February 29!

RSVP now to attend Canada’s premiere and longest running strategic conference for professionals in the tax, bookkeeping and financial services and lock in low tuition rates available to you - our very best clients - before the end of this month. But hurry, those rates will rise on March 1, and as always, you are welcome to custom-design your payment plan. 

Tax Season 2020:  Refunds Not Likely Before March

Filing a tax return is the first (and often most important) financial transaction of the year for most Canadian families. While Canadians love their tax refunds, they won’t start flowing this year until March, as CRA won’t accept your E-filed returns until Monday, February 24 and refunds likely won’t flow until at least March this year. Reality check: tax refunds are a poor financial planning strategy.

Now Available: Master Your Retirement, 10th Anniversary Edition

Best-selling author Doug Nelson, CFP, CLU, MFA™, RWM™, CIM, is a 27-year veteran of the financial services industry in Canada with a singular vision for his readers:  Don’t just “do” retirement…instead “Master Your Retirement”!  And he has some upbeat advice for those still worried about the one big question all retirees have. 

Big Issues, Big Achievements, Big Fun at DAC Acuity 2020

The 2020s are starting out in tumultuous fashion. The economic impact of ongoing concerns like climate change, global pandemics, global political risks and local strike actions of various kinds all have impact on financial decision-making. Issues that are much different than decades past require bold thought and bright insights.  For these reasons, Canada’s premiere advisors won’t want to miss DAC Acuity 2020, October 28-30 in Niagara Falls. Early registration discounts end February 15.
 
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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%