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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%
 

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Seniors Get a Covid-19 Payment

Seniors who qualify for some portion of the OAS (Old Age Security) will receive a one-time tax-free payment of $300 from the federal government to help with COVID-related costs while GIS recipients will get $200 more. Further, another tax information filing extension was announced with this news on May 12: this time to October 1, 2020. For those who don’t need the money there are some interesting leveraging and sharing opportunities.

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Six Pandemic Benefit Tips: Maximizing the One-Time Tax-Free Seniors’ Benefit

Taxpayers over the age of 65 who receive the new $300 one-time tax free COVID benefit from the federal government should first use it to cover extra charges due to the pandemic including delivery costs, costs of internet and communications charges and more. But those who don’t really need the money can leverage the gift in several ways.  Here are our top 6 pandemic benefits tips for seniors: 

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Provincial Round-Up: Extra Pay for Frontline Workers

On May 7 they federal government announced that they’d give $3 billion to the provinces and territories in total to help with the costs to increase the wages of frontline workers nationally. The amount covers three-quarters of the total estimated cost of $4 billion. It’s up to the provinces and territories to define what they consider an essential frontline worker. Let’s look at what the provinces implemented so far!

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Rave Reviews: The Virtual CE Summit and Emergency Pandemic Benefits Response Course

The first ever Virtual CE Summit on May 13 garnered rave reviews. It featured 8 incredible thought leaders who offered cutting-edge guidance on providing clients with sound advice for tough times. Good news: you can still access the incredible online content and take until July 15 to finish your 10 CE Credits. More good news: we’re planning to host another Virtual CE Summit on September 30. 

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Knowledge Gap Courses: How to Become a Better Virtual Advisor

Your practice is changing, and Knowledge Bureau is here to help with a new series of courses for advisors and their clients who are transacting virtually.  The new Knowledge Gap Program has arrived and it offers you a high-value library of short CE courses and new Financial Storyboards that open new virtual conversations. Most importantly, you don’t even need to be tech-savvy, and either do your clients. Here’s why:

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