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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?
Search for 2016 Distinguished Advisor Conference (DAC) Young Advisors Award Winners Begins Now
Keeley Simpson of Rorabeck Wealth Advisory Group, BMO Nesbitt Burns, and Brandon Silbermann, a financial advisor at Manulife Securities Investment Services Inc and Don Stockman Financial Services Ltd, were awarded prestigious plaques in commemoration of their selection as the two inaugural winners of the Distinguished Advisor Conference (DAC) Young Advisors Award.
Missed the DAW? Three Ways to Catch Up
Knowledge Bureau has just wrapped up another successful Distinguished Advisor Workshop (DAW) tour, the annual Advanced Personal Tax Update. If you were unable to attend, Knowledge Bureau has a few options for you to update, train staff and get your CE Credits.
Take the Deep Dive: The Advanced T1 Professional Tax Preparation Course
Want a real tax challenge? Take the T1 Professional Tax Preparation – Advanced for more complex case studies and tax theory that tests and refreshes your knowledge. The true-to-life simulations help you identify changes in your tax software, too.
Resolution: Reduce Average Tax Refund of $1780
Last year, Canadians both prepaid and overpaid their tax and the amount was significant: $148 a month or $1780 for the year, according to taxation statistics to January 4, 2016. That’s money given to the government on an interest-free basis all year long, and bad financial planning. Over a 40-year worklife, your tax overpayment would be worth $71,200 in capital that would not have been invested in the marketplace.
Ten Key Tax Changes for 2016 Greet Unsuspecting Taxpayers
CRA has been prolific recently, releasing its 2015 T1 General Income Tax and Benefits return, its schedules and auxiliary tax forms, together with accompanying guides and pamphlets. To get through them all is a challenge; so is understanding the volume of changes for the 2016 tax year.
