News Room

Time’s Up: CRA’s 100 Day Mandate for Improvement

After years of frustration on the part of tax professionals and taxpayers alike, the Finance Minister ordered the Canada Revenue Agency to clean up its act in 100 days. Specifically, the improvement plan was to run from September 2 through December 11. Finance Minister and Minister of National Revenue, Francoise-Phillippe Champagne instructed CRA to fix “unacceptable wait times and service delays.” Time’s up this week and CRA has released an update on progress. What gets measured, gets done. Let’s see what CRA’s metrics show. 

RRSP Over-Contributions and Excess Contributions

To cushion errors in contributions due to fluctuating RRSP room, an over-contribution limit of $2,000 is allowed without penalty, provided you are at least 18 in the preceding taxation year.

Knowledge Bureau at IPBC Convention

Knowledge Bureau is pleased to be a sponsor at the IPBC convention being held September 20-22 in Mississauga, Ontario.

DAC 2013: Richard Croft – The New Client Relationship Model: How It Can Change Your Game

Canada may be the most expensive place in the world for money management. Fees matter more when the market is not performing well—and no investment product performs well all the time—so you can’t tie your value proposition to the whims of the markets.

Early Registration Ends September 30: Corporate Tax Tour

Featuring Evelyn Jacks, Larry Frostiak and sponsor Cameron Peters of TaxCycle, Knowledge Bureau is proud to give you everything you need to know about corporate tax filing for micro businesses in this comprehensive one day workshop. 

What I Have Learned So Far and How It Can Help You

Be inspired by 50 outstanding Canadians as they tell their stories—the tough, and at time tragic, challenges they faced and the life lessons they learned as they came through the other side. A must-have guide for young leaders, parents, business executives and bright stars everywhere.

Meet the Unique Needs of Your Unincorporated Small Business Clients

Newly updated, T1 Professional Tax Preparation–Proprietorships will give you the upper hand in attending to your clients’ unique tax preparation and planning requirements. Covering the needs of sole proprietors, partnerships, farmers, fishermen, and professionals, you’ll place your clients in a position to leverage their valuable time and money. Enrol by September 11 to save $200.
 
 
 
Knowledge Bureau Poll Question

It costs a lot more to go to work these days. Should the Canada Employment Credit of $1501 for 2026 be raised higher to account for this?

  • Yes
    35 votes
    87.5%
  • No
    5 votes
    12.5%