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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.
June 2025 Poll
Are your clients owed money by CRA? As of March 31, 2025, the CRA holds about 10.2 million uncashed cheques totalling $1.7 billion. In your view, why is this happening?
Advanced Serious Illness Planning: Learn a Better Way
Here’s a sobering thought: when people get seriously ill, only 1 in 3 patients get the medical care that is right for them. This, according to Dr. Daren Heyland who will explain more in two important sessions at the May 24 CE Summit. Families are ill-prepared to make the life and death decisions they are called upon to make on the patient’s behalf and consequently, says Dr. Heyland, they suffer significant anxiety and stress. Things can get worse if the patient survives. If the person survives their serious illness but is left vulnerable and incapacitated, many families struggle to provide the best medical and personal care possible and end up quarreling about how to use the patient’s resources. The current ways of planning ahead for future illness are not working….but you can be part of the change.
Inflation Protection: How to Get the Grocery Rebate and More
The GST/HST credit system is being used to provide three inflation boosts recently, but late filers may be missing out. A one time payment arrived in November; then, on October 18, 2022, Bill C-30 received Royal Assent to double the amount of the GST tax credit eligible taxpayers were already receiving in January. Next, the Bill to enable the new Grocery Rebate, will pass. Money won’t be distributed until July 5, according to CRA. But those who don’t get their tax returns caught up will miss out on hundreds possibly thousands, of dollars. Details appear below:
CRA Working from Home: Who’s Looking Over the Shoulder?
Privacy, confidentiality, security are foundational hallmarks in the relationship between taxpayers and their tax department. CRA takes this obligation seriously. However, during the pandemic, more than 90% of employees worked remotely.
CFIB Survey: 76% of Tax Pros Say Service Has Gotten Worse
A recent CFIB survey revealed that 76% of pros already had significant concerns about worsening service levels and intimidation tactics at the CRA. Here’s what the April 2023 survey found:
Bringing Legal Peace of Mind to Life Event Planning
Managing the process around life events (before, during and after) with a multi-stakeholder team requires three important legal documents which must be anticipated and drafted in relation to a holistic retirement, disability and estate plan. Learn how to advise your clients to think about these difficult topics in a more positive light with two important sessions from Philippe Richer LL.B at the May 24 Virtual CE Summit and bring peace of mind to family members who otherwise worry about how to avoid abusive or unintended circumstances.
