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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.
December 2025 Poll
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?
New Canada Digital Adoption Program for Small Businesses
On March 3, 2022, Prime Minister Justin Trudeau, announced that the Canada Digital Adoption Program (CDAP) is now fully active and ready for qualifying businesses to apply for funding. The purpose of the CDAP is to assist small and medium-sized enterprises (SMEs) “grow their online presence and upgrade or adopt digital technologies.” Here are the details:
Resources You Need for a Busy Tax Season
Tax season is now in full swing, according to the most recent 2022 season filing statistics from the CRA. As of March 7 almost 2.5 million returns had been filed, with over 95% through electronic filing methods E=File and Netfile. As we approach the height of the season, does you team have the necessary resources to deal with the demands?
Tax Tip: The Home Accessibility Tax Credit
Did you know the federal government intends to double the Home Accessibility Tax Credit for tax year 2022? This week’s tax tip is relevant to caregivers and those age 65 or older. You may even be eligible to make a claim this year. Here’s what you need to know:
Retirement Planning 2022: Time to Rethink It
When should I tap into the CPP? Should we sell our principal residence? Will my retirement portfolio withstand current market volatility? Canadians who save for retirement are lucky to be assisted in doing so with four key sources of pension income. But these pillars of private financial security, have been subject to tax tinkering recently, as well as valuation swings. It is, as a result, high time to rethink retirement income planning.
Eligibility for Tax Support for Business Investments: What does it mean for Small Businesses?
How do you tap into the new $1.5 million tax break for businesses and who is eligible? It turns out most business owners may be. Building on last week’s article, “Complexity: Consequences of Tinkering with the CCA System”, we’ll expand on the details of the plan from the Federal Government to boost business investment as a measure to restart the economy as Covid-19 dwindles. Here are the details.
