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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:

July 2025 Poll

Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?
Yes: 334 votes
69.44%
No: 147 votes
30.56%
 

Cast Your Vote

Relationship Breakdown: Claiming Non-Refundable Tax Credits

After a relationship breakdown, there are some general rules on who claims in sole or joint custody cases.

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Rental Property: Capital Cost Allowance and Multiple Owners

Are you considering jointly owning property to rent with one or more other people? Before doing so, it’s important to consider the structure of your ownership agreement.

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Q and A: Setting Up Business in the U.S.

The U.S. has a number of different business structures available when conducting your affairs in the U.S., whether your business is rental property or operating a viable small business.

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Employee Stock Options

An employer may provide its employees the opportunity to purchase shares in the employer’s corporation at some future date, but at a price that is the current market price when the option is granted (the exercise price).

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Volunteer Firefighters Can Claim Non-Refundable Credit

Volunteer firefighters can claim an amount of $3,000.

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