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 Liberal 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?
Yes: 3 votes
10.34%
No: 26 votes
89.66%
 

Cast Your Vote

Perplexing Tax Law: Denying Tax Deductions on Non-Compliant Short-Term Rentals

Short term rental ownership has doubled from 7% to 15% in the period 2017 to 2021.  The federal government plans to deny tax deductions otherwise claimable to reduce income earned in the case of non-compliant short term rental owners starting in the 2024 tax year. This measure  introduces significant complexity to an already perplexing tax regime for real estate owners and their accountants at a time when the outlook for growth in this market may be subsiding.  Here’s what we know and why there may be a good argument for scrapping this tax entirely:

Read More

Last Call: Why the RRSP is So Important

Times are tough but there are some things that are just too important to pass up on.  One of them is the RRSP contribution for the 2023 tax filing year.  The final deadline for reducing your 2023 taxes is February 29 this year.  That’s a Thursday and here are 9 great reasons why you shouldn’t miss this opportunity.

Read More

CERB Repayments & Tax Time Confusion

Expecting a tax refund or GST/HST payment?  You may not get it if you owe money to the Canada Revenue Agency (CRA), including repayments of the Canada Emergency Response Benefit (CERB) and other pandemic supports you may have received.  Here is what you need to know and why contacting the CRA is so important to get on better financial ground in 2024:

Read More

The “Three Certainties” of Trusts

How does a person know whether a trust exists or not? The answer to that question can at times be more complicated than you’d imagine.  There are occasions where a written document, such as a Will, very clearly purports to establish a “trust” but fails to do so. There are other occasions where there is no written document present at all, but nonetheless a trust relationship is deemed at law to have arisen.  In some provincial jurisdictions, a trust to hold land cannot be validly created unless there is a written document in place.

Read More

Why Knowledge Bureau?

It’s a question we are often asked and we are proud to tell you why Knowledge Bureau may provide the perfect career, training or entrepreneurial solution you or your firm may need at this moment. Knowledge Bureau is a certified, national post-secondary educational institute which provides world class business education and continuing professional development to advisors in the tax, accounting and financial services and vocational training  to those who wish to enter these industries.

Read More