November 2025 Poll
Do you believe the November 4 Federal Budget addressed the key financial issues your clients need to see from their Finance Department and the CRA?Auto Logs: The Cornerstone of the Vehicle Expense Claims
Auto logs are essential for claiming vehicle expenses and travel allowances under CRA rules. Employees, shareholders, and self-employed individuals must follow distinct guidelines, and travel allowances are permitted for specific deductions like moving expenses, medical travel, and northern travel deductions. Trouble is, most people have trouble keeping them, and can fall into tax audit traps. Here’s a primer on the rules, to know as part of year end tax planning activities.
Acuity 2025: Canadians Are Making New Choices About Their U.S. Assets
Canadians are making new choices about their assets in the US. What are the cross-border tax implications? Find out the details you need to know with one of the world’s most knowledgeable cross border experts, Dr. Dean Smith, PHD, CFP, TEP, CPA, CA, RWM™, FDFS™ in a session focused on the Impact of Selling US Properties, only at the 2025 Acuity Conference for Distinguished Advisors in Puerto Vallarta November 23-26.
New: Personal Support Workers Tax Credit Coming Soon
Personal support workers will receive billions in increased wages from federal/provincial governments in B.C., Newfoundland and Labrador and the Northwest Territories. Those workers in other provinces will now get a raise too, but they will have to wait until filing their 2026 returns in the spring of 2027 to cash in, according to an October 27 pre-budget announcement. Here are the details:
Auto Logs: The Cornerstone of Vehicle Expense Claims
Auto logs are essential for claiming vehicle expenses and travel allowances under CRA rules. Employees, shareholders, and self-employed individuals must follow distinct guidelines, and travel allowances are permitted for specific deductions like moving expenses, medical travel, and northern travel deductions. Trouble is most people have trouble keeping them and can fall into tax audit traps. Here’s a primer on the rules, to know as part of year-end tax planning activities.
Employment Insurance: Beware the CRA May Want it Back
The federal government announced changes to the Employment Insurance (EI) regime on October 27, a pre-cursor to their upcoming November 4 budget. Knowledge Bureau will cover the details in a Special Report available to subscribers and in the comprehensive professional CE/CPD training for professional tax accountants and financial advisors on November 5 (earn up to 20 CE/CPD Credits before year end). Registration for the live virtual event is now open. Here’s what you need to know about the EI proposals:
KBR Halloween and Taxes – Both are Scary!
Halloween is a night for spooky things. Some adults would say, it’s a bit like the tax filing deadline. There are few things that can terrify even the bravest of us as much. When a new client comes to your door, keep this in mind. You have the potential to turn terror into, well fun. It’s true! Think about it. . .
