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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.
June 2025 Poll
Are your clients owed money by CRA? As of March 31, 2025, the CRA holds about 10.2 million uncashed cheques totalling $1.7 billion. In your view, why is this happening?
Business Valuation: Know How Much Your Client’s Business is Worth
Business continuity planning and how to build value for succession planning is a hot topic today. Advisors who can help will engage in relationships with many stakeholders and a vibrant, often emotional journey.
Another Winner for the 2017 DAC/Trivia Contest and the June question is now available!
Once again, the response to our trivia contest for a chance to win a free registration to the Distinguished Advisor Conference (DAC) in the spectacular wine country of BC has been phenomenal!
People in the News
Sarah McCurdy, a DFA-Tax Services Specialist and Certified Professional Bookkeeper with the IPBC.
Use it Before It Disappears in 2018: The First-Time Donor’s Super Credit
An important tax break is disappearing after 2017: The First-Time Donor’s Super Credit. This opportunity is of particular interest to advisors who work with higher-net-worth families and their adult children. In fact, discussing it as part of mid-year tax plan may make good sense for these taxpayers, especially if they wish to be strategic about their giving.
Millions Embrace Digital Filing but Average Refund is Down
Canadians were treated to new technology this year and embraced it soundly: 7.3 million individual requests were received by CRA’s digital service Auto-Fill My Return, and 87% of all returns filed to May 15 used NETFILE or EFILE. However, you may be hearing complaints about smaller tax refunds this year. The averages appear to bear that out.
