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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?
Partnership Opportunity: Help Advisors Prepare Financial Recovery Strategies
Knowledge Bureau is now accepting session proposals from sponsors interested in presenting to a national audience of highly engaged top advisors at the October 17 – 19, DAC 2021 in Niagara Falls. This is your best opportunity to get in front of a national network of thought leaders from the tax, financial services and bookkeeping industries who are highly engaged in growing their practices to meet the challenges of the times.
Quote of the Day: F. Scott Fitzgerald
"Never confuse a single defeat with a final defeat." - F. Scott Fitzgerald
Reporting Government Assistance on Your 2020 Tax Return
This week the government released the T4A form for 2020. This is the first indication of how the various government assistance programs for 2020 will be reported on the tax return.
The Nos Have It: CRA Filing a Bad Idea
It’s a controversial subject that’s clearly lead to some divided results on our October poll. We asked: “Are government plans to introduce automatic free tax filing for the 12% of adults who don’t file tax returns to get benefits a good idea?” The results are in with 42% saying “yes” and 58% who shared some insightful thoughts and strong opinions with their “no’s”.
Disabled Canadians Finally Get Support
Back on July 17, the government announced that it would provide a one-time tax-free payment of $600 to more Canadians with disabilities. These individuals will finally see payment of that amount beginning this week. But there are more opportunities that qualified tax practitioners can help with before year end.
