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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.
July 2025 Poll
Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?
Claiming Home Office Expenses in 2020
In 2020, a large number of taxpayers are working from home due to workplace restrictions imposed by governments due to the COVID-19 pandemic. The current requirements for claiming home office expenses are very strict, and the reporting is rather cumbersome. But CRA is working on a solution.
Canadians Challenged by Response Benefit Applications
The Canada Emergency Response Benefit (CERB) has already been repaid by hundreds of thousands of recipients for various reasons: program ineligibility, application errors, CRA processing errors and more. Some of the same issues now plague the new Canada Recovery Benefit (CRB), and it may be in part due to a computer glitch.
Covid and the Disabled: Bring Tax Help
The pandemic has disproportionately affected older disabled people, with those aged 60 and older accounting for one-third of COVID-19 cases nationally, according to Statistics Canada. Tax and financial advisors can do much to help with the financial costs that flow from this, by ensuring that those who may qualify for the Disability Tax Credit for the first time, act now to get a T2201 form signed by a medical professional.
New Knowledge Bureau Designate, Candice Jay, CIM, FCSI, MFA-P™
New Knowledge Bureau Designate, Candice Jay, CIM, FCSI, MFA-P™ has some exuberant advice for financial professionals who are looking for new ways to re-engage their enthusiasm during the pandemic marathon: always be curious and dive into life-long learning! Her engaging interview about her new credential as an MFA-P™ (Philanthropy) follows:
Year-End Tax Planning: Nov. 18 Virtual CE Summit
Join Knowledge Bureau President, Evelyn Jacks and Special Guest Instructors at the next Virtual CE Summit on November 18. This comprehensive virtual workshop also features a thorough online course: everything you need to know to thoroughly understand the opportunities for tax, investment and estate planning both inside and outside the small business corporation.
