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.

Winter CE Summits: Be Your Clients’ Best Audit Defence

Canadians this year will be surprised by the volume of changes to the return and all the lines in it. Professionals who can answer specific questions, interpret financial activity and file with precision present a great value-add to their clients:  the confidence that the new 8-page 2019 return is both accurate and defensible. And that’s important in a vigorous audit environment. The Winter CE Summits provide the knowledge you need – sign up by Friday January 10 for best fees.

GRADitude Contest: Win Free Enrolment to DAC Acuity 2020

Happy New Year!  What better way to start the new year than with a new contest for you, our readers.  We have extended the deadline for you to enter it! As we look  forward to sharing knowledge with you in 2020 and beyond, please accept our GRADitude for your loyal readership!  All Knowledge Bureau readers who have graduated from an online program as a designate in 2019 or by January 30, 2020 can enter our draw to win one free enrolment to DAC Acuity 2020 in Niagara Falls this October.

Graduate in the News – Lorne Jackson, MFA-P™

Lorne recently completed the new MFA-P™, Philanthropy Designation and we caught up with him to ask him more about his experience, what his thoughts are on the course, and why he decided to pursue his MFA-P™, Philanthropy Designation.

New 2019 T1 Tax Return: Longest in History

At 8 pages, the 2019 T1 return is the longest tax form in history.  It could also be the most complex, says Evelyn Jacks, President of Knowledge Bureau, who together with special guest experts, will be hosting a 6 city national education tour in January to teach professionals about the changes to the forms, line numbers and the detailed legislation behind them. 

Designates: Don’t Miss Your Dec 31 Re-certification Deadline!

Keep up your credentials in 2020. If you are a Knowledge Bureau designate, be sure to update your status as per our Standards of Conduct, which require relicensing to use the designation marks at year-end. You should have received your re-licensing notice by now; if not please contact us before the holidays.

Explore, Engage & Thrive: Canada’s Most Comprehensive T1 Tax Update

If you are a professional tax and financial advisor, it is your job to know all the personal tax nuances your clients will face as they discover a multiplicity of new tax form challenges in the tax filing season 2020. This year, register no later than January 10 for the CE Summits, which are expected to sell out in 6 cities:  Winnipeg, Toronto, Ottawa, Calgary, Edmonton and Vancouver. But there is another important reason to come: multi-advisory business referral opportunities.
 
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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%