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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.
August 2025 Poll
A public consultation on whether the CDIC’s deposit insurance limit should be raised to $150,000 per deposit category is underway. Do you agree?
Hazy Future: Trillions in Deficit Spending Coming?
Prime Minister Mark Carney has borrowed heavily from U.K. Prime Minister Keir Starmer’s playbook in his fiscal framework. He plans to split Canada’s fiscal books into two categories: capital or public “investment” and day to day operations. Carney and Starmer may understand the mechanics of this strategy but there is confusion in financial circles, including in the Parliamentary Budget Office. In advance of a federal budget this fall, understanding this change is important, especially for tax and financial advisors.
Advisors Love the New CE Master Micro-Credentials
For seasoned advisors and tax professionals, continuing education isn’t just a box to check—it’s a tool for leadership, specialization, and stronger client outcomes. That’s why Knowledge Bureau has introduced CE Master Micro-Credentials: curated, high-impact CE collections designed to help you sharpen your skills across financial disciplines—and stand out in a competitive, increasingly regulated space. Consider the experience of recent grads and then try it yourself! Enrol this July and receive a special introductory discount.
EVs and Motor Vehicle Expenses
Since 2017, the adoption of Electric Vehicles (EVs) has surged in popularity. Our current government is poised to follow through on a mandate that will require that hybrids and EVs make up 20% of new car sales (passenger cars, SUVs and trucks) in 2026 with the goal of 100% by 2035. There are some important tax issues to consider in this ambitious mandate, including, what this will do to the value of fuel-based autos, the CCA write-offs available and most important from an audit standpoint, how to track the receipting for the costs.
Acuity 2025: Insights on Building Resilient Retirement Portfolios
At the 2025 Acuity Conference for Distinguished Advisors November 23-26 in Puerto Vallarta, a multi-disciplinary audience of top advisors will have the opportunity to learn from one of Canada’s most experienced wealth strategists, author, and Head of BCV Private Client Group: Douglas V. Nelson, RWM™, MFA™, CFP®, CLU, TEP. In a dynamic session built around real-world results, Doug will demonstrate how to build resilient, tax-efficient retirement portfolios, a necessary strategy in today’s volatile markets.
Confirmed: The CCR for Small Business is Tax Free
Ottawa has confirmed that the CCR for Small Business received by eligible Canadian-controlled private corporations (CCPCs) will be tax free for the 2019-20 to 2023-24 fuel charge years, as will the final payment for the 2024-2025 fuel charge year. Draft legislation was released on June 30, 2025 with this announcement; and will be introduced for law making in Parliament this Fall. Some of the more significant details are discussed below.
