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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.
January 2025 Poll
Do you agree with extending the charitable donations giving deadline to February 28, 2025 for the purposes of reducing taxes on the 2024 tax return?
Join the Society of RWM to Connect, Contribute and Collaborate
There are three secrets to building a brand: knowing your story, building a network, and sharing that story with your network. On May 26th, we are giving you an exclusive opportunity to do so with a national networking opportunity. But there is one catch: you will need to be prepared to have fun and build your professional connections.
KB Grads in the News: Doug Buss, RWM™
Doug Buss, RWM™ shares why he loved the RWM™ Designation program: "It was a wonderful revitalization of the value that we are bringing to our clients." Get to know more about Doug, a Winnipeg native and outstanding sax player, too!
2021 Federal Budget Report
The April 19, 2021 Federal Budget is noteworthy for its length –731 pages in all –and its capacity to introduce billions of dollars of spending,while at the same time increasing tax complexity for individual filers. It also significantly enhances CRA’s digital footprint with new broad-based electronic filing measures. In introducing the measures, the government will focus on several key economicand social prioritiesincluding the national rollout of a $10-a-day childcareprogram and a $15 per hour minimum wage in the federally regulated private sector.
2020 Tax Season: Will Small Business Owners Get Interest Relief?
Unincorporated business owners, including gig workers, have until Tuesday June 15 to file their T1 returns without penalty. The government has made it clear that late filing penalties will be applied this year; that happens when you have a balance due as of the filing due date. However, will there be flexibility on interest charges? Yes, but not in every case and business owners must pay attention to this.
Tax Season 2021: Unprecedented Statistics
Nearly 56% of Canadians have yet to file their tax returns, according to CRA’s April 12 processing statistics, so there is a lot of work left to do for the tax filing community. We’re also seeing some new trends: with over 13 million returns processed, average refund are down and so are average balances owing.
