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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.

This Week’s Edition of KBR:

February Poll

At a time when 48% of Canadians say they are $200 away from insolvency, do you think reducing tax refunds (last year’s average was $1740 or $145/month) would help?
Yes: 35 votes
25.74%
No: 101 votes
74.26%
 

Cast Your Vote

Broker Error Raises Kraft Market Price 29% in First Minute of Trading

Those holding stock in the Kraft Foods Group Inc were surprised, to say the least, when on Thursday October 4th the Kraft shares opened at $45.55 then surged to $58.54. The Nasdaq attributed the rapid change to “broker error.” This occurred only days after Kraft Foods and Mondelez International, a former part of Kraft foods began trading as two separate companies.

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Importance of business location for First Nations tax exemption claims

DISTINGUISHED PRACTICES: Tips for Real Wealth Managers™. A July Tax Court of Canada decision clarified the importance of the location of a business for the purpose of tax exemption.

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Did You Know? Measures to cut red tape for small businesses

 As part of its Red Tape Reduction efforts, the Canada Revenue Agency (CRA) has created a dedicated team that is charged with cutting red tape for small businesses, thereby enhancing service.As part of its Red Tape Reduction efforts, the Canada Revenue Agency (CRA) has created a dedicated team that is charged with cutting red tape for small businesses, thereby enhancing service.

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