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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.

This Week’s Edition of KBR:

October 2025 Poll

Do you believe SimpleFile, CRA’s newly revamped automated tax system, will help more Canadians access tax benefits and comply with the tax system?
Yes: 5 votes
7.58%
No: 61 votes
92.42%
 

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Real Tax News

Acuity 2025 Media Partnership with Advisor.ca, Investment Executive

As a distinguished advisor, you know the importance of learning best practices and staying informed about the latest developments in the financial services industry. Together, Canada's top publications for financial advisors - the 2025 Acuity Conference for Distinguished Advisors returning media sponsors - will ensure you remain at the top of your game. Knowledge Bureau is pleased to welcome back Advisor.ca and Investment Executive as our media sponsors for Acuity 2025 in Puerto Vallarta November 23-26. Learn more about them below:

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Master the T1: February Tax Preparation School Returns for 2026

Knowledge Bureau has a new program for new entrants to professional tax preparation and registration is now open.  It has two parts:  start with the 20 hour online course now, then join us for a peer-to-peer series of virtual classes to consolidate your knowledge! Here are the details – perfect for training new hires in tax preparation and accounting offices too.

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Navigating Auto Expense Deduction at Year End: What Clients Need to Know

Doubtless you’ve had clients ask whether they can write off any portion of their vehicle for work or business purposes. And your answer, as always, is: “It depends.” The rules are worth reviewing at year end as they can vary significantly depending on how the client earns their income—employee, self-employed, or incorporated – and this is a deduction that’s often audited. Here’s a practical primer to guide that conversation.

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CCA, AII, and Immediate Expensing for Canadian Businesses

As Canadian businesses approach the end of 2025, tax planning remains a key activity for maximizing deductions and optimizing cash flow. The treatment of business assets—particularly through Capital Cost Allowance (CCA), the Accelerated Investment Incentive (AII), and Immediate Expensing rules—offers significant opportunities for savings. The following outlines the latest updates to these tax measures, highlights the changes for 2025, and provides practical year-end planning tips for Canadian enterprises.

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Types of Corporations in Canada: Avoiding Audit Pitfalls

Choosing the right corporate structure is one of the most important decisions a small business owner can make. It affects everything from taxes and liability to access to funding and long-term growth. In Canada, corporations are classified differently for tax purposes, each with unique implications. This article breaks down the major types of corporations relevant to small businesses, including two specialized categories: Personal Services Businesses and Specified Investment Businesses.

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