Spring Economic Statement: April 28, 2026

April 15, 2026: Ottawa, Ontario - Yesterday, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced that he will table the Spring Economic Update 2026 on Tuesday, April 28, 2026. In the Spring Economic Update 2026, the government will provide an update on its plan to build the strongest economy in the G7, and outline additional actions taken to drive prosperity, play to Canada’s strengths, and support Canadians where and when they need it most.

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. 

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:

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. . .

Small business month is coming to an end, but there is one issue rarely discussed in the news for this important sector of our economy: tax audit risk. If you’re in business, it’s a reality that you are in an audit target zone and you need to be ready because it can be very expensive. That’s why it’s a year end planning issue we’ll be discussing in depth at the November 5 CE Summit featuring tax lawyer Anna Malazhavaya. Registration is still open online until November 4. Here’s what’s important:

Spend your valuable time with immediately implementable, professional development in year-end planning topics. Did you know that all Knowledge Bureau certificate courses (live, live virtual and online) are accepted for valuable CE/CPD Credits? Details follow. Plus, we have a DMA Designation Program offer, it’s so good – it’s scary!. Check it out:

The Consumer Price Index numbers for September have been released and that number is used to calculate the indexation rate for personal amounts and tax brackets.  Although the federal government has yet to announce the new tax figures, we’ve done the math to estimate the numbers.  It’s important information for year end tax planning purposes, a subject we will also cover in depth on November 5 at the live virtual CE Summit.  Read on to learn more.