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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?
Dealing with goodwill
Goodwill can be “eligible capital property” under the Income Tax Act, explains Greer Jacks in this second of two parts on goodwill.
Do non-residents have to pay Canadian income taxes?
Yes. The government imposes income taxes on non-residents who earn income in Canada and/or dispose of Canadian property.
Putting “goodwill” to work for you
Understanding the concept of “goodwill” will work to your advantage, as Greer Jacks explains in this first of a two-part series.
Do you have to report income from foreign sources?
In some countries, such as the United States, taxation is based on citizenship. In Canada, however, the government levies income taxes based on residency.
