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A thorough analysis of today’s financial news—delivered weekly to your inbox or via social media. As part of Knowledge Bureau’s interactive network, the Report covers current issues on the tax and financial services landscape and provides a wide range of professional benefits, including access to peer-to-peer blogs, opinion polls, online lessons, and vital industry information from Canada’s only multi-disciplinary financial educator.

This Week’s Edition of KBR:

April 2025 Poll

Do you believe our tax system needs to be reformed and if so, what would be your first improvement? If not, what do you like about it?
Yes: 68 votes
98.55%
No: 1 votes
1.45%
 

Cast Your Vote

Real Life: Changes Required to Update the Disability Amount

It’s a lucrative non-refundable tax credit many people miss out on, particularly those who are younger. The Disability Tax Credit has a real dollar value of about $1300 on the federal return for 2021.  The provision, however, may not be claimable, if long term care home costs over $10,000 are claimed as medical expenses.  Advocates for those who have suffered catastrophic disabilities believe neither of these tax provisions adequately reflect the economic hardship the individual and families endures in these cases. A true story from Knowledge Bureau Faculty Member Kareen Rekowski follows:

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Managing the Bull: What Investors Need to Know

Do you have clients who want to develop a Winner’s Mindset about money to achieve financial independence on his or her own terms?  Treat them to a new Canadian bestseller, the second edition just published by Knowledge Bureau. Managing the Bull provides the secret sauce for financial decision-making in today’s uncertain times for a simple reason.  It is written by a trusted advisor with over 35 years real experience advising real people and educating thousands more:  Mr. David Christianson, BA, CFP, R.F.P., TEP, CIM

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Exclusive: A Comprehensive Approach to Wealth Management

Many ultra-high net worth families have implemented a ‘family office” to focus on a collaborative and holistic approach to their wealth management.  Famous examples include the DuPont, J.P. Morgan and Rockefeller Families. Now, this concept is democratized in the new  Real Wealth Management™ Designation Program. Available this month, the new program brings required technical expertise, new conversation guides and a consistent practice management framework to formulate a strategic plan like minded professionals can work cohesively with as part of a client’s “outsourced” family office.

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KB Grads in the News - Maria Cheng

Knowledge Bureau Designate, Maria Cheng shares how she believes that education is a life-long activity. Confident and trusted advisors, she says, should always equip themselves with current knowledge and skills to cope with a changing dynamic world. She also mentions that using collaboration and delegation skills properly increases team spirit and strengthens the trust relationship with clients. See what she had to say about her experience with the Real Wealth Management™ program.

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New Minimum Tax and Career Extension Credits: Details Required

Knowledge Bureau has been looking closely at proposed tax and economic changes on the various party platforms, leading up to the September 20 election.  The object is to delve into tax proposals that beg more detail, to enable a thoughtful exchange with candidates.  This week:  two proposals of interest to pre-retirees, many of whom are experiencing a delayed retirement in an uncertain time. 

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