Knowledge Bureau Report

News Releases Media Releases View Poll

Subscribe to KBR

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:

September 2022 Poll

In your view is the maximum Tax-Free First Home Savings Account (maximum $40,000) a better home savings plan than the RRSP Home Buyer’s Plan (maximum $35,000)?
Yes: 171 votes
No: 116 votes

Cast Your Vote

Distinguished Advisor: Broader interpretation of transfer pricing

A recent Supreme Court of Canada (SCC) decision Canada v. GlaxoSmithKline Inc., 2012 SCC 52, adopts a broad test for transfer pricing, which may provide multinational corporations a new strategy for mitigating taxes, namely, transferring funds to sister companies in lower-tax jurisdictions.

Read More

Legislation in both official languages

Pursuant to Section 133 of the Constitution Act 1867, the Parliament of Canada is required to pass all legislation in French and English, with both versions having equal force.

Read More

How the CRA is helping small business

The Canada Revenue Agency (CRA) has been charged with reducing red tape and making it easier for small businesses to do business.

Read More

Stats Can revises 30 years of data on the income of Canadian Households

Statistics Canada released revised data on the income of Canadian households for 1981 though 2010.

Read More

Source deductions

A recent Tax Court of Canada (TCC) decision, in Sutcliffe v The Queen, contains some interesting information regarding that court’s jurisdiction, specifically to its inability to decide whether source deductions have been taken or not.

Read More