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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:

February Poll

At a time when 48% of Canadians say they are $200 away from insolvency, do you think reducing tax refunds (last year’s average was $1740 or $145/month) would help?
Yes: 35 votes
25.74%
No: 101 votes
74.26%
 

Cast Your Vote

Get Ready for 2020: Six Great Tax Moves and Audit-Busters

Make increasing your clients’ tax and financial literacy your focus in honour of Financial Literacy Month and share these essential tax moves and audit-busters that help build a healthy relationship with the CRA. These tax tips have been excerpted from Evelyn Jacks’ Essential Tax Facts 2019 Edition, which has been fully updated with the behind-the-lines information your clients need to know when filing their 2019 taxes. In fact, you may wish to give Canadians the gift of financial literacy this this month – and shipping is free!

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Seasonal Workers: Will You Have EI Benefits to Repay?

Seasonal workers beware: if you collected Employment Insurance (EI) benefits during your off season, there’s a chance you could have to pay back some of the benefits you received. For the 2019 tax year, the base amount for EI repayment is $66,375. That means if net income exceeds this threshold, an EI repayment may be necessary. But, with savvy planning you can avoid this unpleasant surprise.

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Bold Thinking, Bright Insights at DAC

This year's DAC delegates provide some great feedback – and some of the bold thinking and bright insights they took away from the highly successful conference that took place November 10-13 in Puerto Vallarta, Mexico. These are some of the reasons why you should consider attending the DAC Acuity 2020 event next year in Niagara Falls, October 28- 30.

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Big Tax Filing Changes are Coming: Is Your Tax Knowledge Top Notch?

It’s a big number! The 2019 tax filing season saw nearly 30,000,000 returns filed between February 18, 2019, and September 4, 2019*. Tax season 2020 will again feature some significant tax changes. That’s why now is the time for professional advisors to register in Canada’s most comprehensive advanced T2 tax update training and shake out the cobwebs before filing those millions of returns. But it’s first come, first served so don’t miss the January 10 deadline to save on tuition fees for your Advanced T1 Tax Update at the Winter CE Summits. 

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Sharing is Caring: Take $200 off Your Next Course

For a limited time, we’re extending a special online learning offer to all of our KBR readers. With the holidays right around the corner, you might just find the time to sharpen your skills in professional tax preparation, bookkeeping or retirement planning with a new certificate. Learn in your slippers in front of the fireplace, or on the beach in a southern retreat – it’s up to you! Now, you can save $200 when you enrol in your next online course, but only until November 22!

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