News Room

Advanced Income Tax Rulings

The federal government has taken steps recently to attract more investment in Canada. That’s sure to create some new tax questions that require Advanced Income Tax Rulings (AITR). A new measure to facilitate a faster response was announced on September 14 and is intended to attract business investment of large amounts. Specifically, for investments of $1 billion or more, the CRA will prioritize advance income tax rulings. The measure took effect the day it was announced. Here’s what you need to know:

DMA-Business Transition Services Specialist Designation

The demand for skilled talent is high among Canadian finance leaders, with a limited supply of skilled talent.

Grads and Designates:  Official Transcript Study Term January 1 – March 31

VIP Transcripts coming April 3! Check out your official transcripts in the Graduate Lounge.  

Update On Trust Tax Filings

On March 3, 2025 CRA issued an update on the confusing trust filing requirements for tax year 2024. What’s important to know is that when filing of the T3 return, and the T3SCH15 Beneficial Ownership Information of a Trust form is required, the deadline is coming up soon:  March 31, 2025. 

Provincial Budget Round Up – Some Tax Cuts, But for How Long?

It’s provincial budget time and in this Special Report, Knowledge Bureau Report covers the highlights of five of them released since the beginning of February. 

CRA Service Levels: A Challenging Year Ahead

It could be a challenging year for the CRA with all the changes and postponements to the April 16, 2024 federal budget.

Tariffs Bring Worries, Resilience Indicators: Tax and Financial Pros

The tariff wars have begun along with early market reactions. How will this new environment affect your clients’ employment, investment, business and retirement plans? 
 
 
 
Knowledge Bureau Poll Question

In your view, should Canadians be able to write off more of their out-of-pocket medical expense costs? What amount would be appropriate?

  • Yes
    73 votes
    96.05%
  • No
    3 votes
    3.95%