Knowledge Bureau Report
LEARN MORE. EARN MORE. SHARE MORE.

News Releases Media Releases View Poll

Subscribe to KBR




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.

This Week’s Edition of KBR:

February 2023 Poll

Should Canada bring back 5 year income averaging provisions to smooth out irregular income flows?
Yes: 21 votes
100%
No: 0 votes
0%
 

Cast Your Vote

Understanding Synthetic Dispositions – Short Sale of Similar or Identical Property

We continue our Synthetic Dispositions series this week with a look at the short sale of similar or identical property.

Read More

The TFSA is Your Ticket to Tax Freedom

Make sure you contribute $5,000 for each resident adult in the family every year.

Read More

CRA Gives Guidance on GAAR Rulings

Since 1988, 1,125 files have been referred to the GAAR Committee, according to recent statistics from CRA; CRA presented this and other statistics as it went through the GAAR process at the CRA & Professionals Breakfast Seminar in Toronto on June 6. 

Read More

United States Senate Approves New Online Tax Scheme

South of the border, our American friends have proposed new legislation aimed at imposing sales tax on customers shopping at large online retail websites.

Read More

Will Having a TFSA Reduce the Size of the Guaranteed Income Supplement?

With very minor exceptions, the definition of “income” used to determine the amount of the Guaranteed Income Supplement is the same as “Net Income” under the Income Tax Act. 

Read More