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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:

This Month’s Poll

In your view, should Canadians be able to write off more of their out-of-pocket medical expense costs? What amount would be appropriate?
Yes: 83 votes
95.4%
No: 4 votes
4.6%
 

Cast Your Vote

Real Tax News

The Crime Stoppers, PHP and Other Hacks:  Could it Happen to You?

October is Cyber Month and it is coming to a close quickly with no shortage of scary cyber security issues in play. Just this week the Office of the Privacy Commissioner of Canada (OPC), opened an investigation into Navigate360, related to a cybersecurity incident involving tips to Crime Stoppers.  This comes on the heels on the PHP hack on October 21, where underlying code flaws, which had sat dormant over a decade, were exposed thanks to AI, affecting over 70% of the internet.  It’s a new frontier, especially if you are using third party software.  The government is taking some action on guidance to protect yourself and your clients.  You may wish to review and comment before December 4.

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Registered Charities Consultations: Have Your Say and Sharpen Your Tax Knowledge

Advanced donation strategies for professionals will be covered next week at the November 5 CE Savvy Summit and it’s not too late to register to attend.  Later that evening we’ll also provide in depth coverage of the November 5 federal budget.  However, don’t forget about another important consultation date for you to participate in, especially if you hold the DMA-Specialist™, RWM™ or MFA-P™ Designation. That’s December 3; make your voices heard on the modernization of the charitable donation sector and its tax administration. Here’s what to know:

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New CRA Authentication Steps

A new layer of authentication is going to be added to tax filing this year. The Canada Revenue Agency has introduced an additional step which, it says, is designed to enhance the security of online tax filing. This applies to both you and your clients; individuals, authorized representatives and tax preparers. 

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U.S. Cross-Border Tax Planning: What Should Canadians Be Watching?

As Canadians continue to travel, work, invest and own property across the Canada–U.S. border, understanding the tax consequences remains an important part of year-end planning. From residency and foreign asset reporting to U.S. real estate and retirement income, what should tax and financial advisors be reviewing with their clients before December 31? Enrol by October 30 to learn more at the November 5 CE Savvy Summit.

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Last Chance to Enrol in DAC 2026: October 30

It’s not too late to experience thought leadership from 23 outstanding experts at the 2026 Acuity Conference for Distinguished Advisors  and learn with top tier tax, accounting and financial services professionals from across Canada in three days of advanced education, professional recognition and networking. Join us November 21–24 at the Delta Victoria Ocean Pointe Resort Here’s why:

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