Knowledge Bureau Report

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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:

June Poll

The CRA recently signed a secret settlement with wealthy KPMG clients involved in an offshore tax scheme.  Do you agree with this?
Yes: 17 votes
No: 296 votes

Cast Your Vote

New Mutual Fund Rules: Tax Certainty Losses for Retirement Savers

Taxpayers may be rightly concerned about three new provisions regarding the taxation of mutual funds and ETFs. These changes affect retirement income certainty for Boomers’ investment funds that will be subject to new income calculations on redemptions of the investments, starting with fiscal years that begin after March 19, 2019.

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Employment Insurance Options: Do We Really Need More?

The government continues to expand the Employment Insurance (EI) benefits available to Canadians, most recently to enable workers to take training supported with the new Canada Training Credit. But, when statistics show that EI take-up rates are on the decline*, are increases in EI premiums warranted?

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Good News for Seniors: GIS Clawbacks Reduced

Old Age Security (OAS) and Guaranteed Income Supplement (GIS) benefits payable were released on April 1 for the second quarter -  but unfortunately, seniors won’t be getting a raise. However, there is some good news about Canada’s public pension system, especially for low-income seniors who have employment or self-employment earnings, and for tens of thousands of seniors who haven’t been getting their CPP benefits.

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Carbon Taxes Start, But Businesses Remain in the Dark

Although taxpayers have been provided with tax rebates to offset the new carbon pricing system that rolled out in four Canadian provinces on April 1, small to medium-sized businesses are facing new costs, and remain in the dark about how the government intends to help them.

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Poll Results: Retirement is Really About Envisioning a Multi-Faceted Life

Is it as difficult for you to envision life after retirement as it is to save for it? According to Knowledge Bureau’s March poll results, the vast majority thinks so: 68% of respondents said yes. But this thought-provoking question helped to define what a retiree’s role really is in a future society that has more old people than young and what this means to the way retirement planning is approached.

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