News Room

Spring Economic Statement: April 28, 2026

April 15, 2026: Ottawa, Ontario - Yesterday, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced that he will table the Spring Economic Update 2026 on Tuesday, April 28, 2026. In the Spring Economic Update 2026, the government will provide an update on its plan to build the strongest economy in the G7, and outline additional actions taken to drive prosperity, play to Canada’s strengths, and support Canadians where and when they need it most.

DAC 2017: In This Age of Disruption, Our Speakers Will Keep You Current

This year’s Distinguished Advisor Conference marks the fourteenth year of DAC. It’s become a great tradition in the world of financial education, and there has never been a better time than now to attend. At this year’s conference in Kelowna, B.C., our speakers will be presenting information and solutions that are relevant to today’s issues. 

Special bookkeeping considerations: When divorce touches a family-owned business

Here’s a true-to-life case study: Let’s suppose that you, as a bookkeeping services professional, have a client named George, who is the owner-manager of a family-run restaurant. Working with George is his wife, brother, sister-in-law, a couple cousins and his teenaged daughter. While the business is going well, his marriage isn’t. 

People in the News

Grant McPhail, CLU, CHFC, GBA: Wealth Advisor and proud grandpa

Auditor General Finds CRA is Too Slow

On June 16, the Auditor General rapped CRA’s knuckles, stating that their response to income tax appeals and objections is too slow. And since 65% of them are settled in favor of the taxpayer, the CRA needs to work harder at finding ways to solve issues before they go the appeals route.

Selling the Cottage? Remember New CRA Reporting Rules Will Affect You

Are you planning to sell a personal residence, such as your cottage, in 2017? If so, refresh your tax compliance requirements by making an appointment with a tax specialist before you sell. 

Bookkeepers: First Line of Defense for Restaurant Owners

Summer is here and patio season is in full swing, but it’s the numbers, not the ambiance that ultimately tell the success story! If you have clients who own a restaurant, remind them that they need to take time to pay attention to the numbers side of the business and make sure that staffing up with temporary summer help includes some instruction on reporting their tips to CRA.
 
 
 
Knowledge Bureau Poll Question

Should the Old Age Security clawback start at a lower net income than the current $93,454?

  • Yes
    15 votes
    18.07%
  • No
    68 votes
    81.93%