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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.

This Week’s Edition of KBR:

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?
Yes: 338 votes
69.55%
No: 148 votes
30.45%
 

Cast Your Vote

CRA Extends Filing Relief to Flood Victims in Eastern Canada

April 30 was the filing deadline for most Canadians who wish to avoid penalties and interest on outstanding taxes due starting on May 1. But the CRA has extended tax filing relief to the victims of the devastating floods in Eastern Canada. Knowledge Bureau students will also be granted extensions on their studies. Here is what to do to obtain relief:

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April Poll Results: Tax Pros Unhappy with Proposed EI Changes

Knowledge Bureau’s April poll asked tax professionals whether they think it’s fair that EI contribution amounts will go up for both taxpayers and businesses to fund the Canada Training Benefit proposed in Budget 2019. It’s a topic that proved to be controversial, but you’ll have to read on to learn whether the majority were for or against this EI enhancement.

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Claiming Office Expenses: Proprietorship vs Employed Tax Guidelines

With the April 30 deadline for individuals now a thing of the past, it’s time to focus on getting those proprietorship returns filed! The deadline to avoid late filing penalties is Monday, June 17 this year, but it’s a good idea to get those returns in sooner.  Here’s why:

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Check it Out: Knowledge Bureau Has a New Website!

We’re excited to announce that Knowledge Bureau’s website has a new look and feel. It’s designed to help you better discover your educational pathway as an individual student, or as a business looking for corporate solutions. Here’s an outline of what’s new and what’s changed. Visit today and check it out!

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Why Should You Attend the Vantage Breakfast Series?

Join us on Thursday, May 9, 2019 from 7:30-9:00 a.m. for the inaugural event in the Vantage Breakfast Series taking place in Toronto, Ontario. Hear four outstanding speakers and earn CE Credits, too . Here’s why IIAC and Knowledge Bureau have collaborated to bring this series to you:

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