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.

New Essential Tax Facts: Includes February 27, 2018 Budget Proposals

Knowledge Bureau’s Evelyn Jacks’ new book  Essential Tax Facts How to Make the Right Tax Moves and Be Audit-Proof, Too has incorporated the latest Federal Budget to help professional advisors and their clients in their relationship with CRA.  Featuring Audit-Buster Checklist and, this book can help you position yourself for greater success, post-tax filing season.

Leadership Development: Team Culture and the Role of Ethics

Leadership matters.  Your team depends on yours; so do your clients.  A couple of weeks ago, we featured a story on how the components of ethical leadership can be applied to individual leadership styles. It received great traction on the Executive Business Builders Network.  Please chime in this week.

People in the News - Siegfried Merten, MFA Achieves International Recognition

We salute the outstanding achievements of Siegfried Merten, Master Financial Advisor (MFA), who has been recognized internationally for his work in the avoidance of double taxation for retired Canadians.

Happy Valentine’s Day: Give Yourself Some Love with the Gift of Education

What is the future of human work when robos are coming on so strongly?  Studies show that lifelong learning is essential for personal and professional development and in fact, that university students need to be ready to “re-skill” the moment they graduate. This from The Future of Jobs report, published by the World Economic Forum.

Small Business Owners Speak Up: Taking Control During Tax Reform Uncertainty

Small business owners are taking note: small business tax reforms are here to stay, the news is not good, and they are not happy about it. In fact, some are taking drastic actions, at the peril of Canada’s local economies.

Millennials and Meaningful Work: What’s Missing is the Money

According to a study by the Environics Institute, less than half of Canadian Millennials have enough money to live the kind of life they desire. While they are focused on finding meaningful work that will offer them balance, flexibility and the opportunity to give back - what’s missing is the money. However, the financial services may provide a solution.
 
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Knowledge Bureau Poll Question

Do you agree with the government’s plan to introduce the new Canada Groceries Essentials Benefit (CGEB)?

  • Yes
    5 votes
    25%
  • No
    15 votes
    75%