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:

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?
Yes: 12 votes
60%
No: 8 votes
40%
 

Cast Your Vote

The Age Pyramid: How Well Do You Know Your Next Clients?

Demographics are changing rapidly in Canada. Statistics Canada recently released an interesting study of demographics in Canada and a visual that depicts how the generations stack up, numbers wise, and most important, what their age-related tax and financial issues are.  The professional who gets this right is truly well positioned as an “advisor for the future”.

Read More

Mark Your Back to School Calendar

Benjamin Franklin, who helped draft the American Declaration of Independence on July 4, 1776, also had a knack for memorable sayings.  “There is nothing certain but death and taxes” is likely the best known.  But another notable favorite is “An investment in knowledge pays the best interest.”  It serves as a gentle reminder that you can jump start your “back to school” activities right here at Knowledge Bureau.  Check out our new courses and educational calendar all leading down the pathway to Specialized Credentials and Continuing Education Credits.  You can register now, start today and study from anywhere with convenience online training options, plus earn close to $800 of bonus savings when you register in a designation program:

Read More

Next Week We Are Taking a Break!

“Renewal is the principle—and the process—that empowers us to move on an upward spiral of growth and change, of continuous improvement.”  This powerful quote from Dr. Stephen R. Covey speaks volumes: everyone needs to take a break. We are too at Knowledge bureau Report – we’ll be back with breaking tax, investment and practice management news for professionals and their clients on August 2.  In the meantime, if you’re itching for some great educational reading, check out these great learning options from our CE Savvy Micro Course Collections.

Read More

Gen Z: They Need Tax and Financial Services, Too

Gen Zs are a very special cohort, and tax and financial who are future-focused will want to pay special attention to their tax and financial needs.  Age 18-34, these individuals are facing massive changes in their lifetime, at a time when life should be filled with the joy of embarking on the road to independence.  No surprise: this generation is filled with financial anxiety. Worse still, many of them already have CRA problems. 

Read More

Bankruptcy: The Role of Parents in Assisting Their Children

The rising wave of insolvencies in Canada, which we discussed in part one of this three-part series, has left many families grappling with financial difficulties​. This increase has been predominantly driven by consumer insolvencies, which have increased by 13.8% from May 2022 to May 20231​. Amid this financial turmoil, it has become increasingly common for parents to dip into their retirement savings to bail out their financially distressed adult children. This article, part 2 of 3, seeks to explore the option of bankruptcy and its implications, and why parents might want to consider guiding their children to speak with a Licensed Insolvency Trustee instead of outright financial rescue.

Read More