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.

Bold Thinking, Bright Insights at DAC

This year's DAC delegates provide some great feedback – and some of the bold thinking and bright insights they took away from the highly successful conference that took place November 10-13 in Puerto Vallarta, Mexico. These are some of the reasons why you should consider attending the DAC Acuity 2020 event next year in Niagara Falls, October 28- 30.

Big Tax Filing Changes are Coming: Is Your Tax Knowledge Top Notch?

It’s a big number! The 2019 tax filing season saw nearly 30,000,000 returns filed between February 18, 2019, and September 4, 2019*. Tax season 2020 will again feature some significant tax changes. That’s why now is the time for professional advisors to register in Canada’s most comprehensive advanced T2 tax update training and shake out the cobwebs before filing those millions of returns. But it’s first come, first served so don’t miss the January 10 deadline to save on tuition fees for your Advanced T1 Tax Update at the Winter CE Summits. 

Sharing is Caring: Take $200 off Your Next Course

For a limited time, we’re extending a special online learning offer to all of our KBR readers. With the holidays right around the corner, you might just find the time to sharpen your skills in professional tax preparation, bookkeeping or retirement planning with a new certificate. Learn in your slippers in front of the fireplace, or on the beach in a southern retreat – it’s up to you! Now, you can save $200 when you enrol in your next online course, but only until November 22!

DAC 2019 Special Report - Rave Review from Delegates

DAC 2019 in Puerto Vallarta, Mexico is in full swing this week and Day 3 is underway today. It has been an outstanding conference in every respect, with all the speakers hitting their topics out of the park with passion, cutting-edge insights, and highly engaged delegates discussing resilience and competition in a dramatically changing world.

CE Summits – Canada’s Most Comprehensive T1 Filing Course

Advanced 2020 Personal Tax Update - Join Canadian tax expert Evelyn Jacks and special guest instructors from across Canada who will update you on the latest personal tax changes on the tax forms and dig deep behind the lines so you can find every tax deduction and credit available to the families you do tax returns for. Train your new seasonal and returning staff and save money by booking a whole table. This popular event sells out every year so enrol early.

Three Months Until Tax Season Starts! Train Your Team

Last year, tax season began on February 19. Tax season has been starting later, leaving less time to file your clients’ returns; but that does leave more time to shore up your education. Now is the time to ensure your team is up-to-speed and ready to prepare audit-proof, tax-efficient returns that save your clients money.
 
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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%