Fuel Excise Tax on Hold But Inflation is Not
The U.S.-Israel war on Iran has thrown global oil prices into turmoil and there is plenty of fallout for consumers. Travelling to Europe this summer? That’s in jeopardy, as jet fuel may run out. Looking for relief at the pumps instead? The recently announced suspended federal excise tax on gasoline, unleaded aviation gasoline, diesel fuel and aviation fuel here in Canada will soften the blow, but only temporarily: it will be zero from April 20 to September 7, 2026. Here’s what you need to know:Last Chance: Join the Society of RWM™ at the Meeting of the Minds Today at NOON!
The Knowledge Bureau Network presents the Meeting of the Minds: 360 Degree Triger Tour: Ideal for advisors seeking more connection, collaboration and networking from coast-to-coast. Register now – the event takes place TODAY at NOON CST!
New CE Savvy™- PD Collection: Asset Management
Knowledge Bureau is excited to introduce its latest CE Savvy ™ Collection of Micro Courses. Check out our collection entitled Asset Management, which provides you a new opportunity to earn 5 CE Credits with Knowledge Bureau and several 3rd party accreditors such as FPCanada, IAFE, ICM, AIC and MFDA.
March 28 Federal Budget: Will It Erode Wealth or Build It?
Will the March 28, 2023 Federal Budget further erode accumulated wealth with new taxes, alongside the continued inflationary and interest rate pressures which have already had a significant impact on businesses and investors? The answer is likely yes. What to watch for appears below.
UHT: Are Spouses Who Own Rental Properties with Partners Affected?
According to the legislation for Canada’s new Unused Housing Tax (UHT), if you are an excluded owner of a residential property in Canada, you have no obligations or liabilities under the Underused Housing Tax Act. But are spouses who own residential rental properties together excluded owners? The legislation is fuzzy, to say the least and that’s a problem for professional tax preparers.
Retirement Planning: Should I Defer the OAS?
We know that taxpayers who turned 65 in 2022 will have some new tax filing nuances when preparing the 2022 tax return this spring. They may qualify for the Age Amount, for example, and, unless they chose to defer their OAS, they’ll be reporting that income for the first time. But will they be subject to a clawback? There’s lots to talk about this tax season. Here’s an overview of potential conversation starters:
Do You Need CE Credits? Take the CE Savvy™ Collections
Last week, The Financial Services Regulatory Authority of Ontario (FSRA) sent an important reminder to Life Agents in the province to complete CE requirements or they may face regulatory action. It’s an important reminder for all industry professionals to get onside with CE now – and Knowledge Bureau has a great new educational solution: The CE Savvy Collections, which are Accredited with KB, Insurance Councils, Advocis and FP Canada.
