Draft Legislation Released July 23, 2026

While Canadians were enjoying the height of summer 2026, Finance Canada released draft legislation for a number of previously announced tax measures including new rules for the disabled, apprentices in the trades, those with automobile benefits, farmers on the prairies and business owners buying assets or remitting GST/HST. A consultation has been issued on the proposed new rules, which must be emailed to the department by September 4.  There are some important changes, some summarized below, which will also be covered in the September 23 CE Summit.

There’s nothing like a good house flipping show to get you thinking about the cash potential in your own home. The house flipper approach is to buy homes, live in them short-term while fixing them up, and then sell them; often for big profits. It sounds simple, but it’s not a foolproof strategy, because it comes with tax risks. When done often, house flipping can raise eyebrows at the CRA. Learn how to flip with care, and understand the principal residence rules that could diminish your profits, or worse.

It’s lonely at the top. You’ve heard this before and perhaps you are experiencing it now. Leadership is not easy, in fact, it is downright tough most days. Yet if you are destined to lead - and you can evolve your skills to continuously improve over time - you will learn to soar. Not just because you are succeeding, but because everyone around you is.

A Special Budget Report will be available. Be sure to encourage your associates and colleagues to get their own subscription to KBR in advance of this important annual event. Subscribe here.  

The CRA officially began accepting electronically filed tax returns this week, but you may want to slow down and observe an important tax savings opportunity before you rush to file. Contributions to your Registered Retirement Savings Plan (RRSP) for the 2018 tax year ends on March 1, 2019. Besides reducing your tax bill, you could score even bigger returns: increased refundable and non-refundable tax credits.

When generating tax-efficient wealth is your goal, consider investing in your TFSA. Despite enduring some political controversy over the years*, the TFSA has gained a broad-based acceptance by over 13 million Canadians. This is especially true for two demographics - the Boomers and the millennials as reported by Statistics Canada**. Read on for five compelling reasons.

A new study from Statistics Canada released this week demonstrates how online learning for continuing or post-secondary education, may increase the opportunities available to Canadians with certain medical conditions. Have you considered alternative pathways to traditional education in planning for lifelong learning?