Knowledge Bureau News Network

Real Tax News Podcast View Poll
 

Subscribe to KBR




Financial Issues & Answers for Everyone

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: 9 votes
9.68%
No: 84 votes
90.32%
 

Cast Your Vote

Reduced Net Income Pays Off in Spades

Keep an eye on net income, Line 236 of your T1 return. It’s one of the most important lines because of its impact on the size of your refundable and non-refundable tax credits. 

Read More

No hiding behind inadequate records

A recently released judgment from the Tax Court of Canada testifies to the importance of good record-keeping and exemplifies a clever method that the Canada Revenue Agency (CRA) invokes when investigating taxpayers who hide behind inadequate records.

Read More

Deferring Old-Age Security

If you turn 65 before July 1, 2013, can you still opt to delay receipt of Old-Age Security (OAS)?

Read More

Use Tax-Free Zones

Everyone in Canada qualifies for the Basic Personal Amount (BPA). 

Read More

Dealing with goodwill

Goodwill can be “eligible capital property” under the Income Tax Act, explains Greer Jacks in this second of two parts on goodwill.

Read More