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Financial Issues & Answers for Everyone
A thorough analysis of today’s financial news—delivered weekly to your inbox or via social media. As part of Knowledge Bureau’s interactive network, the Report covers current issues on the tax and financial services landscape and provides a wide range of professional benefits, including access to peer-to-peer blogs, opinion polls, online lessons, and vital industry information from Canada’s only multi-disciplinary financial educator.
October 2025 Poll
Do you believe SimpleFile, CRA’s newly revamped automated tax system, will help more Canadians access tax benefits and comply with the tax system?
Acuity 2025: Building Resilient Portfolios for Retirement
Tyler Wagner, CFA, Portfolio Manager at BCV Asset Management, gold sponsor at the Acuity Conference for Distinguished Advisors (DAC) being held next month in Puerto Vallarta, is on a mission to build resilient portfolios at this important juncture in the retirement planning landscape. It’s not to late to register, build knowledge, skills, network with leading experts and earn CE Credits, too. Check out why have conversations about resilient portfolios is such an important part of year end planning:
Mastery Highlights: Financial Literacy Collection
The Financial Literacy Collection provides foundational knowledge in personal financial management, equipping professionals to better educate and guide clients through everyday money decisions. This program strengthens advisory relationships by building understanding, confidence, and long-term financial discipline. By enhancing client understanding, you can help to build advisory trust.
Finance Canada: No More Spring Budgets
Finance Canada announced on October 7 that Canada’s federal budgets will be brought down in the fall starting with the November 4, 2025 event; a significant departure from the spring schedule (February, March or April) that has been the cycle for several decades. This is going to affect many other events as we know them, and in the annual government spending approval cycle. There will also be a new budget process for capital vs. operational expenses. Here’s what you need to know:
The Not-so-Great Tax Cut
“I’m proud to pay taxes but I could be just as proud for half the amount.” This quote from 1950’s American broadcaster Arthur Godfrey, highlights the classic government dilemma, currently the subject of a U.S. government shutdown that threatens the jobs of thousands of government workers: who pays for the debt government spending compounds? It’s a question Canadians will grapple with as well, as the November 4 Federal Budget approaches with. At issue? The wisdom of this 14% solution.
FHSA: The Positives and Negatives
Buying that first home is difficult but there is some good news. Recently costs of both homeownership and renting have dropped and interest rates are at a decent rate of around 4% in the month of October. There is also an excellent tax-assisted savings plan available to first time homebuyers – the FHSA – but here’s a problem: its importance is not being well communicated. This is where tax and financial professionals can help with some year end tax planning.
