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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.

This Week’s Edition of KBR:

March 2023 Poll

The average refund for the first filing month, February, 2023 was $2,295. Should CRA cut back on withholding tax requirements?
Yes: 39 votes
37.14%
No: 66 votes
62.86%
 

Cast Your Vote

Dividends Need Focus in Year End Planning

Over the past several years, corporate income tax rates have decreased which has affected reporting by individual investors on their personal returns for dividend income. 

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Does “Topping Income Up” to Next Tax Bracket Make Sense?

Sarah is 67 and earning all her income in the lowest tax bracket. She has not yet started withdrawing money from her significant RRSP, which holds $800,000. When should she start? How much should she take into income?

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Reduce Clawbacks with an RRSP Contribution

When a taxpayer's income falls into a clawback zone, a portion of a social benefit like OAS or EI must be repaid.

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Understanding Conflicts of Interest: Tips from the Tax Court

Canadian National Railway Company v McKercher LLP and Gordon Wallace, 2013 SCC 39

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CPP Contributions for the Self-Employed Required Until Age 65

Self-employed taxpayers who are receiving a CPP retirement pension must continue to contribute to CPP until they are at least 65. 

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