News Room

AUTHREP Changed July 15

Since July 15, the "Authorize a Representative" service in EFILE, accessed through tax software, will no longer be available. Tax professionals must now use the Represent a Client (RAC) portal to request online access to a client’s account.

People in the News

Rebecca Ringwood loved her stress-free and fully-supported experience in the Basic Bookkeeping for Small Businesses course

Tax Tips for Investors — Maximize RRSP Deductions: Check Out Your Notice of Assessment

Well, tax filing season should be over officially for most individuals— and that means it’s already time to think RRSP season! Will you be topping up?

Too Big to Fail? How Confident Are You in Canada’s Financial System?

A sound and resilient financial sector is key to making any national economy function efficiently. To that end, the Department of Finance published regulations on June 16 regarding implementation of the Bank Recapitalization (Bail-in) Regime. 

Post-secondary education will be essential for 71% of Canadians, but only 50% have RESPs

Canada’s future economy will depend heavily on highly skilled workers who require post-secondary education (PSE). Employment and Social Development Canada suggests that the number is 70%(1). 

Canadian Salaries Not Keeping Pace with Inflation

There is a worrisome gap between the annual growth in Canadians’ employment income and the increase in inflation: wage growth has stalled in Canada. The result is a challenging savings environment.

Life Purpose

“We can’t solve problems by using the same kind of thinking we used when we created them.” -Albert Einstein
 
 
 
Knowledge Bureau Poll Question

Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?

  • Yes
    358 votes
    70.75%
  • No
    148 votes
    29.25%