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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: 51 votes
94.44%
No: 3 votes
5.56%
 

Cast Your Vote

Real Tax News

Investing for the Crisis to Come: The Role of Alternatives

Mark Taucar, CFA, and Nicolas Johnson, FDFS™, will take the stage at the 2026 Acuity Conference for Distinguished Advisors with a new take on Alternatives: Investing for the Crisis to Come. Their November 23 session will explore how alternative investments can provide diversification, generate higher yields and enhance capital growth when traditional markets face volatility and disruption. For these reasons, we are pleased to welcome Platinum Sponsor Accilent Capital Management and Pavilion Flow Through Fund and innovative thought leaders Mark and Nicolas to DAC. Check out the critical issues:

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Draft Legislation Released July 23, 2026

While Canadians were enjoying the height of summer 2026, Finance Canada released draft legislation for a number of previously announced tax measures including new rules for the disabled, apprentices in the trades, those with automobile benefits, farmers on the prairies and business owners buying assets or remitting GST/HST. A consultation has been issued on the proposed new rules, which must be emailed to the department by September 4.  There are some important changes, some summarized below, which will also be covered in the September 23 CE Summit.

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Poll Results: Canadians Remain Skeptical of the New Grocery Benefit

The federal government's new Canada Groceries and Essential Benefit is intended to help eligible Canadians cope with rising food prices and the increasing cost of everyday essentials. We asked our readers whether they believe it is the right solution to address inflation, and the response was decisive: 93% said "No," while just 7% said "Yes." The results sparked a lively discussion among tax and financial professionals from across the country. See below.

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Are High Income Canadians Really Paying Their Fair Share?

We often hear that the rich should pay their fair share of taxes and few would dispute that principle. Interestingly, a recent Fraser Institute report revealed that that Canada’s highest earners already shoulder a significant portion of the country’s tax burden.

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Are You Ready for the New Era of Tax Compliance?

As CRA's technology and enforcement strategies continue to evolve, so too must the advisors who guide Canadians through an increasingly complex tax environment. CE Savvy Summit: Issues in Audit Defence on September 23, brings together leading tax experts Evelyn Jacks, Kim Moody and Ruth Horst to examine the latest developments in audit defence. Plus this is the first in a series leading to a new credential for workplace training at Knowledge Bureau: The Senior Tax Specialist Diploma. Register by September 9 for early-bird savings! Here’s a preview: 

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