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.
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?
Canada Emergency Wage Subsidy Applications Start
Eligible businesses can start applying this week (April 27) for the 75% Canada Emergency Wage Subsidy (CEWS) and there is some great news for many Canadians: employees can be re-hired retroactively if they were laid-off anytime from March 15 due to COVID-19. However, those employees may need to repay their CERB. Here are some details.
CECRA Details: New Rent Relief for Small Businesses
The details behind the Emergency Commercial Rent Assistance program (CECRA) were finally announced on Friday, April 24. This new measure will be implemented at the provincial level to provide loans and/or forgivable loans to enable commercial property owners to reduce rent charged to their small business tenants by 75% for the months of April, May and June. But the program won’t be in place until mid-May, unfortunately.
Pandemic Relief: A Triple Benefit for Students
There are three important income support programs for post-secondary students in Canada today, but sorting them all out could be problematic, especially at tax filing time. Last week, two new measures were introduced: the Canada Emergency Student Benefit and the Canada Student Service Grant. The third is of course, the Canada Emergency Response Benefit (CERB), which is linked to the Canada Emergency Wage Subsidy (CEWS), which over 10,000 businesses applied for on Monday.
Incorrect Payment Dates on Notice of Assessments
Notice of Assessments received by many Canadians who have filed their 2019 individual tax returns indicate an incorrect payment date of April 30, 2020. However, the extended deadline of September 1 to pay any balances due does still apply.
Meet the Esteemed Speakers of the Virtual CE Summits
We’re excited to announce that Part 1 of the Emergency Pandemic Relief Course went live on Thursday, April 23. Part 2 takes place on May 13 at 9:30 EST. Check out the speaker roster below. The deadline for registration is May 11, but don’t wait. Canada’s only Emergency Pandemic Response Benefits Course and Virtual CE Summit is available now, packed with the information you need to help your clients access income and business recovery support.
