Help & Contact: 1 866 953 4769
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.
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?
Capital Gains Complexity: It Could Affect Your Principal Residence
While the government has stated that the new capital gains inclusion rules will not apply to the sales of a principal residence, which qualify for a principal residence exemption, the reality is that there are some important exceptions. Consider the following and join us on May 22 for the CE Savvy Summit to have a peer-to-peer learning experience, earn 15 CE Credits and obtain access to a comprehensive Retirement and Estate Planning Certificate course and recorded presentations that cover the details.
Symbiotic Relationships: Free Tax Clinics & Tax Pros
Did you know that CRA has spent close to $9 million on its Community Volunteer Income Tax Programs? CVITP grants have been providing in 3700 funding agreements to community organizations that offer free tax clinics. There is a natural symbiotic referral relationship between certified tax pros and the non-for-profit volunteers, who must pass on more complex returns and returns for those with higher incomes. Knowledge Bureau can help by providing training at special rates to volunteers who wish to upskill with professional certification.
Take the Next Step: Deliver the Confident Advice Your Clients Need as an RWM
Are you ready to take the next step and help your clients experience financial peace of mind while recent budget announcements, inflation and more are weighing heavily on Canadian taxpayers. Delivering confident advice has never been more important! Take advantage of an exclusive Program Offer and save $500 on Real Wealth Management™ Program tuition until May 31. Experience the education first by taking a risk-free Orientation, which includes a recording of a live RWM™ round table discussion.
Capital Gains Hikes: Tax Complexity Scale Increases
One of the topics of conversation in the May 22 CE Savvy Summit for tax and financial advisors will be the new complexity the capital gains inclusion rate increases will bring to the Income Tax Act. Although the draft legislation to bring the current 50% rate up to 66 2/3% is still missing in action despite a looming June 25 date on the horizon, the changes will require a look back to the 1980’s to calculate gains properly and looking forward, potentially 6 different capital gains exemptions.
Cottage Succession Planning: Tax & Family Considerations
Cottage ownership is a long-held Canadian dream. Due to shifting demographics over the next decade, many cottages are set to become family battlegrounds—as ownership of vacation properties along with other family assets will be transferred from aging parents to their children. Beyond the significant financial implications that will be triggered by this asset transfer, often the emotional aspects can be even more difficult to contend with. Cottage succession planning is an important exercise that clients should undertake well in advance of their deaths to avoid family issues and tax implications.
