Knowledge Bureau Report

News Releases Media Releases View Poll

Subscribe to KBR


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 2023 Poll

Do you think that the government should subsidize tax return filing fees so people can get more accurate results and benefits for free?
Yes: 79 votes
No: 122 votes

Cast Your Vote

Give Your Clients the Gift of Financial Literacy

Knowledge Bureau has introduced a brand new education tool tax and financial advisors can use with clients this tax and budget season, which may be of particular interest to newcomers to Canada and young new Canadians entering the workforce. The Finding Financial Freedom Collection is ideal – and a great gift - for anyone looking to improve their financial literacy and gain an understanding of the important role that income tax plays on financial health.

Read More

Payroll Issues Can Affect an Organization’s Most Valuable Resource

An incorrect approach to the technical side of payroll poses a risk to both employers and their employees: it can cost them money, cause them to incur penalties with the Canada Revenue Agency (CRA) or worse, face legal ramifications. Especially at this time of year (tax time) the pressure is on.

Read More

First Million Returns Filed: Tax Season 2023 Up and Running

The first 1,256,938 tax returns have already been filed in the 2023 tax filing season and early stats tell us that both average tax refunds and average balances due are rising to unprecedented levels. In an inflationary environment, those are two great reasons to rush to your Tax Services Specialist’s office to get those tax returns done early and then discuss how to plan to make more and save more money – after tax - in 2024.  But there is a third reason too – a looming CRA strike on April 8, a day after strike voting ends.

Read More

BC and Alberta Budgets: February 28, 2023

Both BC and Alberta tabled their provincial budgets on February 28, while NWT and Nunuvut have already released theirs, February 8 and 23 respectively.  Key insights these documents provide regarding important tax changes for the 2023 appear below, together with the schedule of other provincial and territorial budget releases.

Read More

T1 2022: What’s New For Seniors

Taxpayers who turned 65 in 2022 will have some new tax filing nuances when preparing the 2022 tax return this spring.  Here’s what you need to know:

Read More