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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:

May 2025 Poll

Does the new government’s promise, expected soon, to cut the lowest personal income tax rate by 1% to 14%, go far enough to help Canadians impacted by high costs? What are alternatives in your view?
Yes: 6 votes
10.34%
No: 52 votes
89.66%
 

Cast Your Vote

Scammers Victimize Immigrants Posing as CRA

Police in Edmonton are warning of scammers who have their sights set on one Canada’s most vulnerable groups: new immigrants.

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What expenses are deductible for child care costs?

Child care expenses are claimable by Canadian residents for services provided in Canada, although deemed residents living abroad qualify as well.  

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Grad Spotlight - How the MFA Program Enhanced Joan’s Effectiveness as a Financial Advisor

Joan McIvor earned her MFA-Retirement Income Specialist designation with honours in 2012 and has used the knowledge gained from the MFA program to enhance her business. We are pleased to have Joan as one of our distinguished grads.

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Internet Businesses:  Did you Know About Schedule 88?

T2 filers must complete Schedule 88, effective with year-ends beginning 2013. This form is more detailed that the new “Internet Business Activities” added to schedule T2125 of the T1 return however, in both cases the information is to be filed with the tax return.

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Stay Away from Charity Schemers

If you participate in an abusive charitable donations tax shelter, you’re opening yourself up to a sure audit.

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