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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.
July 2025 Poll
Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?
DAC 2019 Special Report - Rave Review from Delegates
DAC 2019 in Puerto Vallarta, Mexico is in full swing this week and Day 3 is underway today. It has been an outstanding conference in every respect, with all the speakers hitting their topics out of the park with passion, cutting-edge insights, and highly engaged delegates discussing resilience and competition in a dramatically changing world.
CE Summits – Canada’s Most Comprehensive T1 Filing Course
Advanced 2020 Personal Tax Update - Join Canadian tax expert Evelyn Jacks and special guest instructors from across Canada who will update you on the latest personal tax changes on the tax forms and dig deep behind the lines so you can find every tax deduction and credit available to the families you do tax returns for. Train your new seasonal and returning staff and save money by booking a whole table. This popular event sells out every year so enrol early.
Three Months Until Tax Season Starts! Train Your Team
Last year, tax season began on February 19. Tax season has been starting later, leaving less time to file your clients’ returns; but that does leave more time to shore up your education. Now is the time to ensure your team is up-to-speed and ready to prepare audit-proof, tax-efficient returns that save your clients money.
The Next New Tax Facts: Plan Now for 2020
Once you’ve done your year-end planning for 2019, it’s important to know what your tax situation for 2020 will look like. Indexation of tax brackets and personal amounts are based on the Consumer Price Index for September, while prescribed interest rates are based on the average rate for three-month Treasury Bills for October. Although the CRA won’t announce the exact figures until later in November, here’s what to expect the new tax numbers to look like based on a federal indexing factor of 1.9%
The Pros Speak: More Changes to TOSI are Needed
It’s an issue that is still controversial. In 2017, legislation was passed introducing new tax on split income (TOSI) rules in effect for 2018.* It’s legislation that many tax and financial advisors who participated in our October poll would like to see rolled back to old rules. Others have specific changes they believe would be more effective and beneficial to small businesses in Canada.
