Help & Contact: 1 866 953 4769
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?
Claiming Tuition Tax Benefits: What Are Your Net Tuition Fees?
Saving up to make tuition fee payments is always an obsession for post-secondary students and their supporting individuals, but tuition fee tax credits, together with the Canada Training Credit, available to those aged 26 to 65 as at the end of December this year, can bring significant tax savings to help make it all more affordable. Here are some tax tips and true-to-life examples for minimizing your back-to-school spend:
New Entrants Needed as Millions Use Tax Prep Services
Close to 18 million tax returns are filed by professional EFILE Services in tax season 2023 – 59.5% of all tax returns filed in Canada, according to CRA’s income tax statistics. This speaks to the tremendous opportunities available in mentoring new tax preparers throughout the summer and fall to prepare for tax season 2024. But in our June poll, 60% of respondents told us it was difficult to attract and engage new entrants.
Grad in the News – Harvey Agustin, RRC® CFP® CLU® CHS™ CEA® MFA-P™ RWM™
This month, Knowledge Bureau Report celebrates the achievements of Harvey Agustin, an outstanding professional from Calgary, Alberta who has recently designated as and RWM™ - Real Wealth Manager and an MFA-P™ - Philanthropic Services Specialist. He tells us what these achievements have meant to him.
Summer Time is the Right Time to Train as a Specialist
Good news! It’s officially the farthest month between tax seasons, but time will march quickly on the journey towards 2024, when highly trained personal tax specialists will again be in high demand. That’s why July is such a good month to commit to Knowledge Bureau’s Tax Training School, featuring the DMA™-Personal Tax Services Specialist program and its six professional courses, updated for 2023 tax filing requirements, and available for continuous intake now.
New Wealth Eroders Facing Canadians
As Canadians plan to take a break from tax for summer holidays, the key eroders of wealth – taxes, inflation and the costs of building wealth – are about to take a bigger bite out of Canadian’s balance sheets. There are three key reasons for this and it’s important to set up some time with tax and financial advisors before hitting the beach, to plan to stay ahead of tax issues and comply with two more filing deadlines as well.
