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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?
Reserve Your Seat by January 15 for the CE Summit Advanced T1 Tax Update!
In just one week we’ll be discussing all the news pros need to know for tax season 2024! There are over 120 tax filing and planning milestones, over 60 changes on the tax forms and schedules and 28 key legislative changes that will substantially affect tax planning in 2024. Check out the detailed agenda and register by January 15 to save on tuition fees.
DAC 2024 November 10-12 in Montreal: Welcome Back, Sponsors!
We are excited to welcome back our corporate sponsors to DAC 2024 – November 10-12 in Montreal: Franklin Templeton and Johnston Group. It’s going to be another outstanding sold out event, so we urge you to reserve your sponsorship and speaking topics, as well as all attendee delegate registration by the early registration deadline of February 15. Hotel rooms at the beautiful Hotel Birks are expected to sell out quickly as well.
KBR Picks: Biggest Tax and Economic Newsmakers of 2023
Happy New Year 2024! May your year it be filled with good health, good friends and good fortune! To start out the year, Knowledge Bureau Report invites you to share our new interactive Calendar of Educational Events and our Top 3 Picks for the Breaking Tax and Economic News stories of 2023 that will shape the conversations tax, accounting and financial professionals will have in 2024! See if you agree:
Tax Season 2024 Begins with Purpose
With all the challenges Canadians are facing making dollars stretch these days, there is some good news on the horizon: Tax Season 2024! It’s going to be full of a multitude of tax changes that can lead to a potential refund, increased tax free credits, especially if RRSP season is purposeful in reducing family net income. But for some, a balance due to CRA will come with high interest charges if it can’t be paid by the April 30 filing deadline.
CPP Introduction: It’s the Wrong Time
January 1 is the introduction date for the CPP2. A new tier of premium increases begins for higher income earners. It’s 4% more on contributory earnings between $65,000 and $73,200 – for a maximum additional premium of $188. That’s on top of a $3754.45 premium (5.95%) on the first $65,000 of contributory earnings. The self-employed pay both the employer and employee portions to a maximum of $8111. Knowledge Bureau Report asked its readers: in your opinion, will the CPP2 premium increase starting January 1, 2024 cause financial hardship to employers and employees? Overwhelmingly the answer was yes: 88%. Here were some of the reasons why:
