News Room

Record Number of Tax Returns Filed in 2026

It looks like tax season 2026 could be the biggest one we’ve seen in the history of filing in Canada, proving once more that Canadians are extremely tax compliant and that filing a personal tax return is the most important triggers for long term wealth planning in this country. But there is a shortage of qualified people and now is the time to do something about that before tax season 2027.

Weekly Thought Provoker — Financial Services Threats

Join our online discussion: What are the greatest threats to the future of financial services?

People in the News

Phyllis Mikolajek, a business and tax services professional in Winnipeg, had this to say about attending the Distinguished Advisor Conference

Business Community Warns Job Losses, Inflation Would Follow Minimum-Wage Hike

Last month, Knowledge Bureau issued the results of a poll indicating that financial professionals are firmly divided on the prospect of $15-an-hour minimum wage. Now the business community is having a similar debate

Important Deadline for Correcting Errors or Omissions on Tax Returns

Did you know that the CRA’s Voluntary Disclosures Program (VDP) is proposed to change soon, restricting the ability to correct errors and omissions within a 10-year period?

New Phishing Scam Targets Tax Preparers

Tax pros beware — fraudsters have developed a sophisticated new email scam designed to steal your tax software usernames and passwords.

Will Recent and Proposed Tax Reforms Hurt the Canadian Economy?

The federal government’s “hurry up” approach to major tax reforms in Canada needs to slow down to allow for careful analysis of the proposals and changes from all stakeholders,
 
 
 
Knowledge Bureau Poll Question

Is the new Canada Groceries and Essential Benefit the right solution to help Canadians with inflation?

  • Yes
    6 votes
    7.5%
  • No
    74 votes
    92.5%