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.Become a Certified Tax Practitioner: Start Online Today to Earn Your Diploma
The time is now to earn a diploma as a Certified Personal Tax Practitioner. These professional credentials offer you the chance to have a current and well-rounded educational experience and get work in a career that’s in high demand.
TaxCycle: DAW Sponsor Bringing Financial Advisors Into the Future
Knowledge Bureau is pleased to announce that TaxCycle will join the January Personal Tax Update Workshop tour as a national sponsor. Founded in January 2010, Calgary-based Trilogy Software Inc. creates tax software for accountants and tax professionals.
Happy New Year
Knowledge Bureau wishes all our readers a happy, prosperous and healthy 2016. We look forward to interpreting and sharing the latest breaking, tax and financial news with you this year. As always, we look forward to your feedback and comments on our articles and poll question.
Average Exchange Rates for 2015 and Five-Year Trends
The Bank of Canada has announced the 2015 average exchange rates for several currencies against the Canadian dollar. While some might be curious about how many Fijian dollars or Panamanian balboas one might get in exchange for a Canadian dollar, the currencies we are most often concerned about are the US dollar (1.2787 for 2015) and the Euro (1.4182 for 2015).
German Tax Collection News
There is lots of news for Canadian taxpayers in receipt of German pensions. Ignoring these developments can result in unnecessarily high levels of taxation, or in punitive penalties for non-compliance, in both Germany and Canada.
Deductibility of Periodic Support Payments Challenged
Separation and divorce are expensive life events; they can be much more financially damaging when tax rules are not taken into account. The recent case of Blue v. the Queen in the Tax Court of Canada, although successful for the appellant, shows how easily the terms of a well-intentioned separation agreement may be ruled ineligible for tax relief.
