The Importance of Provincial Budgets: Elbows Up and No Bracket Creep!
Some of the right things are happening in Nova Scotia, from the perspective of improving standards of living in that province. And that’s important news because according to the Fraser Institute, Canadians have suffered the worst five-year decline in their standard of living over the 2020-to-2024 period since the Great Depression. It notes, our Gross Domestic Product (GDP) per person decreased by 2.0% (0.4% annually) ; this despite aggregate GDP growth of 1.5% over the period. Further, all ten provinces are experiencing stagnation, which is unique in our history. So what’s the good news in Nova Scotia, at this critical juncture?
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New! CRA Callback Service for Professional Tax Practitioners
The Canada Revenue Agency (CRA) has implemented a new callback service aimed at decreasing wait times and optimizing support for individual tax and benefit inquiries from tax pros. The pilot initiative started on Friday, February 27, 2026. But how is it working for you? We’d like to know! Here’s the backdrop and the criteria for use:
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February Poll: Advisors Not Happy with New Groceries Essentials Benefit
Finance Canada has not garnered favor with the tax and accounting community in replacing the GST/HST credit with the new Canada Groceries Essentials Benefit (CGEB): 70% answered no when asked if they agreed with the launch of this credit. Some were even quite angry about it. Here are the reasons why:
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Top Three Reasons to Grow Beyond a One- or Two-Person Practice
Tax, accounting, and financial services professionals are navigating a period of rapid change. New technologies, increasingly complex regulations, and growing client expectations are reshaping how advisory services are delivered. For many practitioners working alone or with very small teams, the challenge is not simply keeping up with technical change, but finding the time and capacity to manage growing demands while continuing to deliver high-quality advice. That is the focus of the Business Builder Summit on March 25, a live-virtual event designed to help professionals shift their mindset from practitioner to CEO of a growing advisory practice. Why does growth matter? Consider three key reasons.
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Workplace Training: Builds Stronger Financial Practices and Your Brand
Is your firm face growing pressure to keep pace with regulatory change, digital transformation, and increasingly complex client needs? Do you need to strengthen the performance of your teams and develop future leaders to ensure consistent service delivery and a sound succession plan? Knowledge Bureau’s Workplace training programs can help – turnkey, affordably and quickly. Check it out:
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