Knowledge Bureau News Network

Real Tax News Podcast View Poll
 

Subscribe to KBR




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.

This Week’s Edition of KBR:

This Month’s Poll

Should the Old Age Security clawback start at a lower net income than the current $93,454?
Yes: 24 votes
19.2%
No: 101 votes
80.8%
 

Cast Your Vote

Real Tax News

Beyond the Solo Practice: Building Capacity for What’s Next

Today’s Live Virtual Business Builder Summit was designed to help practitioners make that shift — from managing everything themselves to building a practice that can support more clients, more complexity, and long-term success. Good news! The Recorded course is now available for you to learn at your own time and convenience and you won’t want to miss this opportunity. Why does growth in your business matter so much now? Watch our short video featuring the event topics that will help your organization of grow beyond a solo practice as you consider these three key drivers:

Read More

Building Better Businesses Starts with the Ability to Scale

Do you know the biggest risk that a mature tax or financial services business faces? Complacency!  For new business ventures, the risks are different: it’s the inability to deal with increasing capacity. If you find yourself in either of these scenarios, knowing how to scale your business to new heights could solve the problem. In this case, the DMA-Small Business Services Specialist Program is for you. Consider the following:

Read More

CRA’s Callback Service for Tax Pros Pilot

Are you a tax professional with years of experience? Have you ever felt frustrated after calling the CRA, having spent hours on hold, wasting your client’s or employer’s time, only to speak to CRA agents who aren’t qualified to answer your questions? The Auditor General of Canada was equally displeased in a scathing report last fall on wait times and accuracy levels at the CRA. Now a new CRA callback service may come to the rescue this tax season. Here is my experience with the pilot project so far:

Read More

Tax Evasion: A Criminal Case to Consider

Tax practitioners may be confronted by taxpayers looking to cheat the system. That’s a problem, and you need to identify the circumstances swiftly. You need to make certain clients you work with don’t break tax laws and that you don’t either. You also want to share information about any potential penalties or conflicts with the Canada Revenue Agency. Under the Criminal Code the penalties for tax evasion can be severe and while jail time for tax cheats is relatively rare, it does happen. We have just such a case to report on, which the CRA published in February.

Read More

New Brunswick Budget 2026-27

When we speak of government debt, we are generally referring to the level of debt racked up by our federal government. However, our provincial governments are also piling up debt for future generations. On March 17, 2026 – St. Patrick’s Day - New Brunswick has joined B.C. Alberta, Nova Scotia and the Territories on the deficit bandwagon. Yet at least a bit of the “luck of the Irish” was in store  for taxpayers and businesses in New Brunswick.

Read More