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STAY UP-TO-DATE WITH BREAKING TAX AND INVESTMENT NEWS.
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.
July 2024 Poll
Starting in July, CRA will provide legal warnings to recover more than $9 billion of overpaid pandemic recovery benefits like CERB. Do you think that is fair?
Business Growth Trend: Helping Small Business Owners Matters
Statistics show that 70.2% of all revenues earned by professionals in the accounting, tax filing, bookkeeping and payroll services results from working with the business sector. This means if you have built a tax filing business serving individuals and households only, you’re missing out on a big share of the market. Small business needs more help on the road to pandemic recovery, so now is a great time to hone your skills, and earn new credentials to provide this essential service.
Partnership Opportunity: Help Advisors Prepare Financial Recovery Strategies
Knowledge Bureau is now accepting session proposals from sponsors interested in presenting to a national audience of highly engaged top advisors at the October 17 – 19, DAC 2021 in Niagara Falls. This is your best opportunity to get in front of a national network of thought leaders from the tax, financial services and bookkeeping industries who are highly engaged in growing their practices to meet the challenges of the times.
Quote of the Day: F. Scott Fitzgerald
"Never confuse a single defeat with a final defeat." - F. Scott Fitzgerald
Reporting Government Assistance on Your 2020 Tax Return
This week the government released the T4A form for 2020. This is the first indication of how the various government assistance programs for 2020 will be reported on the tax return.
The Nos Have It: CRA Filing a Bad Idea
It’s a controversial subject that’s clearly lead to some divided results on our October poll. We asked: “Are government plans to introduce automatic free tax filing for the 12% of adults who don’t file tax returns to get benefits a good idea?” The results are in with 42% saying “yes” and 58% who shared some insightful thoughts and strong opinions with their “no’s”.
