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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?
The January 20 CE Summit ‘Wow’ Factor
Esteemed Canadian tax experts delivered cutting edge personal tax filing information with a “wow” factor punctuated by huge audience participation at the Virtual CE Summit this week. Over 700 questions were received from an audience of over 350 professionals nation-wide – the largest one-day participation yet. Here’s what they said about the important tax and financial insights shared:
Tax Implications of Separation & Divorce
Will separations and divorces increase due to the pandemic? Unemployment can be a factor that leads to a spike in separations and divorces; as a result, tax and financial advisors need to understand the tax rules if they see this trend in the 2021 tax filing season.
Congratulations to our CE Summit Prize Winners!
We love to celebrate the scholastic achievements of our designates at Knowledge Bureau, and to wrap up yesterday’s Virtual CE Summits we dished out some prizes to two lucky winners. Please join us in congratulating them and check out what they won!
Emergency Response Benefit Complexity: New Info Released
In the midst of many provinces facing increased lockdown measures, the CRA has released new information, documentation and resources about Canada Emergency Response Benefit repayment and taxation. It has the potential to both aid and add to the complexity and confusion many are facing, particularly when it comes to the CERB. Here is what you need to know:
Are Employees Taxed on Cell Phone Use?
Employees who use a cell phone in their work may be wondering about claiming costs as an employment expense. CRA has some very complex rules to accompany the issue and both employers and employees should be aware of them. Here is a primer:
