Poll Results: Canadians Remain Skeptical of the New Grocery Benefit

The federal government's new Canada Groceries and Essential Benefit is intended to help eligible Canadians cope with rising food prices and the increasing cost of everyday essentials. We asked our readers whether they believe it is the right solution to address inflation, and the response was decisive: 93% said "No," while just 7% said "Yes." 

There is still time to register for Winter 2018 CE Summits, Canada’s most comprehensive Advanced Personal Income Tax Update for tax and financial professionals and their new and returning staff. Please remember that Regular Fees apply after deadlines!

Busy tax and financial professionals who are looking to train and hire graduates from Canada’s most  comprehensive and convenient professional certification program may enroll now, 24/7. 

We’d like to say congratulations to Benitta Anselm Nerio on the completion of Knowledge Bureau’s T1 Professional Tax Preparation – Intermediate course. Here’s what she had to say about her experience:

At this special time of the year, we like to pause to think about all we are grateful for, and that’s first and foremost our treasured relationship with you. Thank you for your commitment, your friendship and support.

Knowledge Bureau is pleased to release two important tools to assist taxpayers and their advisors with authoritative tax information that’s fast and accurate: the 2018 Income Tax Estimator in the Knowledge Bureau Toolkit, and the new T1 Return, which appears in EverGreen Explanatory Notes.

It’s official, family income sprinkling rules will take effect January 1, 2018, and, unless a family member can show active participation under still-complicated reasonableness tests, distributions of income from private family businesses will be taxed at top tax rates, with none of the progressivity in tax rates available to individuals. This will require an immediate rethinking of resources available to the economic unit known as the family business.