Finance Canada Releases Draft Legislation January 29

February 27, 2026 is the last date to comment on a raft of draft legislation released at the end of January covering provisions from the November 4, 2025 Federal budget,  the Fall 2024 Economic Statement, amendments from Budget 2021 regarding Hybrid Mismatching Arrangements, technical changes to two investment tax credits, dating back to 2022 and 2023, as well as corporate changes regarding the Global Minimum Tax.  The key measures to note appear below:

Did you know that for graduates who earn a Designation from Knowledge Bureau, earning the credential is only the first step. To keep these designations active, graduates must complete an annual relicensing process. This ensures they remain up to date with legislative changes, regulatory requirements, and the highest standards of professional practice.

Canada’s tax and financial pros weighed in enthusiastically on last month’s two-part Knowledge Bureau Report Opinion Poll in which we asked: "Do you believe Canada’s tax system based on self-assessment, has suffered under recent changes at CRA and by Finance Canada?" 71% said yes. Part 2 was this question: "If so, what is the one wish you have for tax reform?" The responses were very interesting:

Canada’s income gap is growing. That much is true, but that one sentence fails to tell the whole story. There is much more to the issue of increasing disposable income in Canada, especially in volatile, recessionary times. In fact, to close the income gap it’s most important to focus on the wealth gap. That means helping average people save more, sooner. That brings purpose and urgency to the proactive conversations that should be initiated this fall by professionally trained financial advisors. Consider the following:

Last month CRA posted a news release that they are making it easier for newcomers to apply for benefit and credit payments online. Unfortunately, the process is anything but easy. This presents a great opportunity for tax and financial professionals to help and in the process, start a highly valued new relationship with new Canadians.

When choosing an online education provider in tax, bookkeeping, or financial services, it’s important to look beyond course content alone. At Knowledge Bureau, we offer a more structured, supportive, and applied learning experience—designed to help professionals strengthen their careers and deliver measurable value to clients. Here’s how each part of the Knowledge Bureau experience supports your professional growth:

Audit activity is on the rise—and the stakes are higher than ever. With a federal target to collect $3.75 billion through increased fines and penalties, along with widespread T-slip errors and confusion around capital gains, tax audits are expected to surge in 2025.Tax and financial advisors must be prepared to respond. Join us at the CE Savvy Summit: Audit Defence on September 17 for a deep dive into the latest audit trends, case studies, and defence strategies. Learn directly from leading experts and get practical tools to better protect your clients. Register by September 10 to take advantage of early-bird rates. Special pricing available for Diploma and Team member registrations.