Help & Contact: 1 866 953 4769
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.
May 2025 Poll
Does the new government’s promise, expected soon, to cut the lowest personal income tax rate by 1% to 14%, go far enough to help Canadians impacted by high costs? What are alternatives in your view?
RSVP Now: The Next High-Demand CE Summit is May 20
Are you a regular, raving fan and attendee of the CE Summits? Now is the right time to RSVP and secure your spot at the lowest tuition fees. Act by March 1 and save over $230 on the next four events. Coming up next: the annual Post-Budget Overview and its effect on Retirement & Estate Planning. Here’s a look at the speaker lineup:
Pre-Budget Tax Consultations
Have you completed the pre-budget consultations questionnaire the Finance Department has posted? The government wants your feedback, but are the questions posed relevant? Notably absent are personal and business tax topics, and the opportunity to provide your thoughts on the effect of long-term debt on the future value of Canadians’ retirement savings. Perhaps most puzzling is the lack of vision for the future of the world of work and specifically, the role of small businesses in the economic recovery. Contributing to the conversation is, however, important to bring your “feet-on-the-street” perspective.
CRA Double Dip: Home Renos and Medical Expenses
When alterations are made to a home to allow a taxpayer or a dependant be more mobile or functional within the home, it’s possible to accomplish a rare, and legal double-dip on the 2020 tax return. Specifically there are two tax provisions to look to for tax savings.
Economic Recovery: Tax Reforms Play Key Role
The right tax structure is critical for post-pandemic economic recovery as fragile, debt-laden governments and businesses alike venture out of crisis towards economic stability. The Fraser Institute, in a new analysis, makes an interesting case for consumption taxes to minimize the potential damage to economic growth from other forms of taxation.
Recovery 2023? The Problem with Canada’s Debt Level
This tax year might well represent the least expensive one for a while. While there is some economic good news, the long term forecast for tax rates is grim, given current debt levels. Two authoritative research papers, one from the past and one more recent, tell us why paying attention to tax planning and savings this year will help Canadians manage future tax risk.
