Spring Economic Statement: April 28, 2026
April 15, 2026: Ottawa, Ontario - Yesterday, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced that he will table the Spring Economic Update 2026 on Tuesday, April 28, 2026. In the Spring Economic Update 2026, the government will provide an update on its plan to build the strongest economy in the G7, and outline additional actions taken to drive prosperity, play to Canada’s strengths, and support Canadians where and when they need it most.Uncertainty Lingers: Majority Won’t be Hiring in 2022
The reasons are varied, but 60% of KBR readers polled last month said they won’t be hiring new seasonal staff in 2022 and the prevailing reason is uncertainty. Those who will be hiring won’t be doing so before year end but are busy making training plans now. Here are some of their thoughts on preparing for tax season 2022:
New! August Updates to EverGreen Explanatory Notes
Tax pros need to stay up-to-date all year long! Knowledge Bureau’s Evergreen Explanatory Notes should be your go-to reference for answers personal, corporate and GST/HST questions. It’s your own top notch tax research library that seamlessly links you to CRA publications and forms while providing educational notes and examples. Best of all it is included in all certificate courses or as a stand-alone subscription. Here are the topics updated in August:
Claiming Quarantine Hotels & Testing Costs
It’s a frustrating time: the fourth wave is upon us, and soon too will be tax season 2022. While the need to stay in quarantine hotels ended on August 9, many Canadians expended significant sums to come back to Canada from abroad during the pandemic. Are those costs deductible? The answer depends on the taxpayer profile and circumstances of the expenditure, according to recent CRA interpretations.
Long Term Care: Turning Grief and Rage into Change
It’s an issue that made devastating headlines for months: the suffering and death of vulnerable seniors before our very eyes. All the worse for the raw fact that they lived in deplorable conditions of neglect. According to Karen Henderson, Founder of the Long-Term Care Planning Network, planning for our own aging is a critical element of tax and financial planning discussions with advisors. But it should also be a key issue in today’s national discussions to enable responsible change. Her passionate story is Knowledge Bureau’s Special Guest Report this week:
Pension Recipients and Heirs Beware: German Pension Tax Collection Steps Up
Do you have clients who are recipients of German social security pensions? If so, many of them may be very elderly. Unfortunately, they and their heirs may be experiencing a new stressor: the tax department in Germany, Finanzamt Neubrandenburg, is clamping down on taxes they think are owing by delinquent German pension recipients living in Canada and charging interest and penalties. The issue is: can they?
Financial Wellness a Big Stressor for Employers & Employees
We have heard a lot about inflation in the last few weeks as the economy gets up and running again, and many people have been feeling stress about this. This should be a big concern to employers, too, according to the Financial Consumer Association of Canada. The issue will also be addressed at Virtual DAC Acuity 2021, October 17-19 with special guest speaker Dr. Brian Shaw, a well-known sports psychologist for the Blue Jays and author who has written about stress management for top financial professionals. Financial advisors can help; here’s what you should be thinking about:
