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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.
June 2025 Poll
Are your clients owed money by CRA? As of March 31, 2025, the CRA holds about 10.2 million uncashed cheques totalling $1.7 billion. In your view, why is this happening?
At Risk Seniors Are Caregivers, Too
An important but underreported trend in the current pandemic is the reality that 25% of our seniors are caregivers, according to a new report released November 24 by Statistics Canada. Further, over 50% of these seniors need more financial support. Tax and financial advisors are well positioned to help.
Canada Emergency Rent Subsidy (CERS) Now Available
The Canada Emergency Rent Subsidy (CERS) Program, initially presented in draft legislation back in October, was just approved by the Senate late last Friday. With new lockdowns in place across Canada and rent due next week, many small business owners are stressed, without revenues, and grasping at this latest straw, which is also very complex. But there is some good news in the detail.
CRA Clarifies Important CEWS Details in FAQ
Over the past weekend, the government quietly added to their Canada Emergency Wage Subsidy (CEWS) FAQ and updated the application portal, clarifying a number of important questions for business owners on the deeming rule for claim periods 5 to 10, employee bonus and commission in eligible remuneration calculations, and how to handle pay associated with termination when applying for the CEWS. We’ve pulled out the highlights for you:
Black Friday Starts Now!
Now is the right time to enhance your credentials and train your teams for the upcoming tax season, and our Black Friday Sale is here to get you started. This week only: save 55% on tuition when you enrol in any two courses of your choice for $995.
New Graduates Survey Shows Education Brings Happiness
This just in: a post-secondary education can bring on joy. A 2018 National Graduates Survey released by Statistics Canada on November 17 surveyed 2015 post-secondary graduates in Canada. It reports that the majority of graduates were satisfied with their jobs, felt qualified for them and 91% were working full time.
