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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

Teach Tax and Financial Literacy: Why That Matters More Than Ever

I had the opportunity to coach one of our Knowledge Bureau instructors this past weekend as she prepared to provide a basic tax and financial literacy lesson to a group of young people. The issue we spent the most time discussing: how to convey and discuss the importance of financial wellness and why that matters especially in these times? The answer required only one word.

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Is Canada Doing Enough to Help Small Businesses?

Have governments effectively interpreted the financial effect of the pandemic on small businesses across Canada?  It’s a question we asked you last month and we got well over 1000 responses. The answer was a resounding no from 96% of you.  Here is what you told us...

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Tax Filing Deadline Now September 1?

Who needs to file a 2019 T1 return and when? It’s a question Canadians and their advisors continue to struggle with, as filing deadlines become an ever-moving target. Last Friday (May 22), CRA changed their website to announce they will not charge a late filing penalty as long as the extended June 1 filing deadline is met by September 1. So why file now? Here are some key reasons:

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6 FAQs About the CEWS & CERB

Navigating the complex detail of the emergency pandemic response benefits has been a complex process for businesses and individuals alike. We’re here to clear up some of the frequently asked questions about the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Response Benefit (CERB) and help you sort through sort through the chaotic myriad of the benefits and their tax-audit pitfalls.

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File by June 1:  Get More Federal Benefits

Today is the day that Canadians who qualify should have received their OAS and CPP government benefits and the next payment is June 26.  But a new tax-free benefit of $300 will also arrive soon.

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