News Room

AUTHREP Changed July 15

Since July 15, the "Authorize a Representative" service in EFILE, accessed through tax software, will no longer be available. Tax professionals must now use the Represent a Client (RAC) portal to request online access to a client’s account.

Tax History: The Middle Class and Their Taxes

It’s a new tax year and 2018 marks the 101st anniversary of the first income taxes in Canada. Back in the early fall of 1917, Canada’s “War Income Tax” was introduced, and there are still many who think, wrongly, that income taxes in Canada are a temporary measure. But has much changed since 1917? The answer is yes!

Debt Management Series: What Is Revolving Credit?

An integral part of debt management is ensuring that your clients understand how various forms of credit work, including revolving credit. Advisors, we’ve prepared this resource to share with your clients.

Employment Opportunities for New Canadians: Statistics Point to Financial Services

Statistics show that the more education Canadians have, the better their chances of employment. This is especially true for newcomers to Canada. In that regard, the tax and financial services industries offer great opportunities for those ready to start their new lives and careers in Canada.

Leadership Development: Maintain Your Humility as You Develop Knowledge and Confidence

As Knowledge Bureau unveils our new Executive Business Builder Program, increasing our focus on leadership education and development in 2018, it’s important to explore what makes a great leader. Today we’ll focus on confidence vs humility. . .when it comes to leadership, what matters more?  Join us in discussing this topic on our Executive Business Builders Network.

Tax Tip: Infirm or Disabled: What’s the Difference for Tax Purposes?

Caring for a loved one with a disability?  CRA may contact you to verify your claim for the new Canada Caregiver Amount or the Disability Amount. For these reasons, it’s important to draw the distinction between “infirm” and “disabled,” for different provisions on the tax return.

No Tax Relief for Middle Class: A Bigger Bill Despite Government Claims

A recent study by the Fraser Institute reveals that the Liberal government’s changes to the personal income tax system have already raised taxes for the vast majority of middle-income Canadian families (81 percent) by an average of $840 annually. But there’s more to come. . .
 
 
 
Knowledge Bureau Poll Question

Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?

  • Yes
    357 votes
    70.69%
  • No
    148 votes
    29.31%