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STAY UP-TO-DATE WITH BREAKING TAX AND INVESTMENT NEWS.
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.
March 2023 Poll
The average refund for the first filing month, February, 2023 was $2,295. Should CRA cut back on withholding tax requirements?
Millions of Uncashed Cheques Tapped Thanks to The Taxpayers’ Ombudsperson
In times of high inflation and a down-trending economy (like today) Canadians pull out all the punches. They scrimp, they save and they cut corners where they can. Many also started to rely more heavily on the Canada Revenue Agency (CRA) for benefits and importantly their public advocate with the CRA: The Office of the Taxpayers' Ombudsperson (OTO), who fielded a record number of urgent requests this year and prompted millions in uncashed cheques to be cashed. OTO has also created an important new opportunity for tax advisors.
Peace and So Much Joy! Holiday Schedule at Knowledge Bureau
This is our special wish for you throughout the holidays! Thank you sincerely for your readership and support. . .we look forward to sharing knowledge with you in the New Year!
A Unique Gift For Your Team: DAC 2023 in Beautiful Banff!
Join us in Beautiful Banff November 11-14 at the spectacular Banff Springs Hotel for the Distinguished Advisor Conference (DAC). You won’t want to miss the outstanding special guest speakers, the Snow Ball Gala celebrating our 20th Anniversary, and the opportunity to give the gift this extraordinary Educational Extravaganza to your most dedicated team members!
The Full Agenda: Advanced Personal Tax Update
You can’t afford to miss this if you are a professional tax accountant, bookkeeper or financial advisor! Your clients are counting on you for accurate tax filings, sound tax planning advice and the recommendations to the correct investments as inflation and high interest rates interrupt financial peace of mind. Check it out and register now.
Help Clients Reduce the Downward Pressure on Wallets
Is the Grinch in the house? The interest rate hikes just haven’t stopped in 2022. On December 7, the Bank of Canada (BOC) increased policy interest rate again by 50 basis points, leaving many Canadians worried about the effect on their finances in 2023. Currently, the overnight rate is 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. But this translates to much higher costs on various debt transactions: operating lines, lines of credit and mortgages. Is there a silver lining?
