News Room

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:

DAC Acuity 2026: Victoria, B.C.’s Inner Harbour is The Gorgeous Destination

The 2026 Acuity Conference for Distinguished Advisors (DAC) will take place November 22–24 at the Delta Hotels by Marriott Victoria Ocean Pointe Resort, a premier waterfront venue overlooking Victoria’s Inner Harbour and the iconic Legislative Building. It’s an ideal backdrop for this year’s theme, The North Star: Strategic Direction & Value Reflection. Team member and early bird specials apply now. Check out all the benefits below and the registration details at learn.knowledgebureau.com/acuity.

Financial Advisors’ Succession: It’s About The “Critical Middle”

Buying books of business – chocked full of existing client portfolios - has been the favored way to grow as it represents, a turnkey solution to get into a market quickly with established cash flow as opposed to building a business from the ground floor up. Ultimately, however, this is only a short term win. Keeping those clients and building upon the goodwill requires business smarts: the skills to scale a business by expanding capacity. That’s why you should attend:

The Importance of Provincial Budgets: Elbows Up and No Bracket Creep!

Some of the right things are happening in Nova Scotia, from the perspective of improving standards of living in that province.  And that’s important news because according to the Fraser Institute, Canadians have suffered the worst five-year decline in their standard of living over the 2020-to-2024 period since the Great Depression.  It notes, our Gross Domestic Product (GDP) per person decreased by 2.0% (0.4% annually) ; this despite aggregate GDP growth of 1.5% over the period.  Further, all ten provinces are experiencing stagnation, which is unique in our history.  So what’s the good news in Nova Scotia, at this critical juncture?

New!  CRA Callback Service for Professional Tax Practitioners

The Canada Revenue Agency (CRA) has implemented a new callback service aimed at decreasing wait times and optimizing support for individual tax and benefit inquiries from tax pros. The pilot initiative started on Friday, February 27, 2026.  But how is it working for you?  We’d like to know!  Here’s the backdrop and the criteria for use:

February Poll: Advisors Not Happy with New Groceries Essentials Benefit

Finance Canada has not garnered favor with the tax and accounting community in replacing the GST/HST credit with the new Canada Groceries Essentials Benefit (CGEB):  70% answered no when asked if they agreed with the launch of this credit.  Some were even quite angry about it.  Here are the reasons why:

Top Three Reasons to Grow Beyond a One- or Two-Person Practice

Tax, accounting, and financial services professionals are navigating a period of rapid change. New technologies, increasingly complex regulations, and growing client expectations are reshaping how advisory services are delivered. For many practitioners working alone or with very small teams, the challenge is not simply keeping up with technical change, but finding the time and capacity to manage growing demands while continuing to deliver high-quality advice. That is the focus of the Business Builder Summit on March 25, a live-virtual event designed to help professionals shift their mindset from practitioner to CEO of a growing advisory practice.  Why does growth matter? Consider three key reasons.
 
 
 
Knowledge Bureau Poll Question

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

  • Yes
    22 votes
    18.97%
  • No
    94 votes
    81.03%