Opportunity: Canadian Dollar Stabilizes, Somewhat

Things have started to turn around for the Canadian dollar in the second quarter of 2025. It hit a 22 year low in January of 2025. Investors and property owners, who have been swooning at the high burn rate in their travel plans and property maintenance abroad, may wish to consider recent more positive trends and consider some risk mitigation opportunities now that the dollar is stabilizing somewhat.  

The CRA doesn't want your receipts when you file your return, especially if you are joining the over 5 million Canadians who will Netfile this year. However, be prepared to send in that hard copy on a post-assessment audit which many Canadians are subject to each spring.

The Knowledge Bureau Faculty have been busy with the media this tax season. Here is a round up of recent media mentions!

Tax Audit Season – June to December – begins soon, and tax professionals need to know how to respond to requests for post-filing information to set up the best defence in case of appeal. See the full agenda for this May's Distinguished Advisor Workshop, coming to a city near you.

Help your unincorporated business owner clients take advantage of every legitimate business deduction and personal tax planning benefit while complying with their tax obligations. Buy 3 books, get 1 free! Use PromoCode: KBRSPECIAL.

More and more, Canada/U.S. cross border transactions make an impact during tax time, and advisors must understand how cross border taxation issues such as residency, snowbirding, and Canadian and U.S. investments, will impact their clients' tax returns. Free trial available!

This calculator is a valuable tool in helping your clients determine the amount of income available to service debt and to calculate maximum mortgage payments, fixed term mortgages, and all-in-one solutions. Try it risk free!