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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?
Special Tax on Employee Profit Sharing Plans (EPSPs)
A special tax at the top marginal rate will be charge to a “specified employee” for contributions to an employee profit sharing plan if the contribution exceeds 20% of the employee’s salary received in the year.
What Are the Rules to Reporting Rental Income?
With a new school year around the corner, you may be considering taking in a university student as a renter. If so, you will want to get your documentation ready for a change in your tax filing.
Dividends Need Focus in Year End Planning
Over the past several years, corporate income tax rates have decreased which has affected reporting by individual investors on their personal returns for dividend income.
Does “Topping Income Up” to Next Tax Bracket Make Sense?
Sarah is 67 and earning all her income in the lowest tax bracket. She has not yet started withdrawing money from her significant RRSP, which holds $800,000. When should she start? How much should she take into income?
Reduce Clawbacks with an RRSP Contribution
When a taxpayer's income falls into a clawback zone, a portion of a social benefit like OAS or EI must be repaid.
