News Room

Helping First Nations, Inuit and Metis with Tax Filing

The Canada Revenue Agency is trying to reach out to Canada’s First Nations, Inuit and Metis to encourage them to file their tax forms on time and could use your help to make sure these communities get all the tax benefits they are entitled to. But filing tax returns are not always easy, especially when there is income on and off the reserve.

Bookkeeping in a Digital World

Did you know: the accounting, tax, bookkeeping and payroll services represent 23.6 billion, showing an 8.9% increase annually.  This according to Statistics Canada shows that this is a healthy, and essential, industry for Canadians.  That’s why now may be the right time to enhance your professional education with the Certificate Course Bookkeeping in a Digital World.

CE Savvy-PD™ - Building Your Business Collection

Are you ready to consider incorporating your proprietorship, navigating family dynamics within your company or considering philanthropic donations through investments that match your values then you’ll want to check out our latest collection entitled Building Your Business, which provides you a new opportunity to earn 5 CE Credits.

Special Report on the March 28, 2023 Federal Budget

The Special Report on the 2023 Federal Budget is a Knowledge Bureau subscriber exclusive!

Top Tax Tips for Filing 2022 Returns

It is indeed that time of the year: tax season is upon us and there is lots of tax news for those just starting their 2022 T1.  With just under 5 million tax returns already filed by mid March, the average refund is just under $2,200 and the average balance  just under $4,500.  Here’s my top picks for tax tips you need to know to maximize your entitlements:

Not Staying:  Ontario Staycation Tax Credit

Be sure to claim the Ontario staycation tax credit on your 2022 tax return because it’s not staying:  the Ontario government announced its demise for future filers last December.  Here’s what you need to know to get it right for 2022:

Claim Tuition Fees as a Deduction, Credit or Canada Training Credit

Taking a Knowledge Bureau certificate course this year?  It will be tax deductible as a training expense if you are self-employed.  But there may also be an opportunity for you to tap into a $1,000 Canada Training Credit if you are claiming the tuition fee credit.  For those who qualified in 2022, the amount was $750.  Here’s what you need to know:
 
 
 
Knowledge Bureau Poll Question

Should the Old Age Security clawback start at a lower net income than the current $93,454?

  • Yes
    11 votes
    16.67%
  • No
    55 votes
    83.33%