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STAY UP-TO-DATE WITH BREAKING TAX AND INVESTMENT NEWS.
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.
September 2024 Poll
“Are you concerned about taxpayer rights now that the Federal Government has proposed to expand CRA powers to requests for oaths and affidavits at audit and a new Notice for Non-Compliance with significant penalties attached? Tell us why or why not!”
Tax Breaks for Teachers
Parents and students are not the only ones who incur school supply costs. Teachers across the country are back at school, preparing for their new classes. In the process they might be incurring some out-of-pocket costs, which are tax deductible. Here’s what you need to know and share with your teacher friends to shine a light on some good financial news:
Coming August 31! Canada’s Income Tax Fundamentals Course™
New! Get hooked on taxes preparing true-to-life case studies on professional tax software. File simple tax returns confidently. This 20-hour pre-requisite to Knowledge Bureau’s highly acclaimed professional Diploma and Designation Programs is perfect for anyone new to personal tax filing and especially valuable for career development in the tax preparation or financial services. Pre-register now. Canada’s Income Tax Fundamentals Course™ will be available August 31 and you can take advantage of this pre-sale offer, ending this week!
CE Savvy Summits: New Trends in Tax Audit Defence and Appeals
The upcoming September 18 Virtual CE Summit is focused on Audit Defence and features an important session led by experienced tax litigation lawyer, Anna Malazhavaya, LLB, who will cover significant expansion of the CRA audit powers in the recent years. You will learn the best practices in corresponding with CRA auditors, how to identify situations where CRA auditors overstep their boundaries, how to protect your clients, and when to engage a tax lawyer. Register by September 15 and check out the full agenda online!
Vision & Focus: Regaining Financial Control | Panel Moderated by Christine Logan
Ask anyone: does it seem like today’s common financial thread is that financial futures seem out of reach? From burdensome costs of interest, groceries and fuel, and the resulting investment gaps, Canadians just want their financial sea legs back. What does it take to stop, re-assess, and re-engage confident financial outcomes against the backdrop of rapidly changing tax and economic environments? What is the role of the financial professional today in bringing back a methodical approach to financial peace of mind? At the 2024 Acuity Conference or Distinguished Advisors, our panel hosted by Christine Logan and Sponsored by Franklin Templeton will tackle the issues.
Bankruptcy Statistics Up in Canada
The most recent statistics released in August tracking bankruptcies, paint a grim picture of business reality in Canada. While there is some good news - bankruptcies decreased in June over the month before – it is clear that 2024 has been a difficult one especially for small businesses. Did the CEBA loan repayment requirement last month push many over the edge? That and other factors are to blame, and tax and financial advisors are well poised to help.
