Help & Contact: 1 866 953 4769
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.
March 2025 Poll
In your view, has CRA improved its services to clients and tax preparers this year?
Coming Soon: Master Your Retirement, 10th Anniversary Edition
It is estimated that about 425,000 Canadians will retire each year by 2020.* But for many, it will be a retirement that includes debt, according to recent reports on the proliferation of reverse mortgages**. Are Canadians planning soon enough for the one big question most worry about: will there be enough? A new edition of the best-seller Master Your Retirement by Douglas V. Nelson will help.
The Tax System Needs an Overhaul: Pros Weigh In
The tax system is not getting any easier for Canadians to comply with and things may get worse in tax season 2020. With a complicated new 8-page T1 return on the horizon, Canadian taxpayers already dissatisfied with their tax department service levels* join ranks with KBR poll respondents: over 90% of tax, bookkeeping and financial services pros answered a resounding no when asked: “As we begin a new decade, do you feel the evolution of our tax system has been positive?” Still, there were a few happy campers.
Manitoba: Tax Changes Put Spotlight on Financial Planning in 2020
If you live in Manitoba, you’ll be getting tax relief from a number of post-election provisions that are noteworthy from a financial planning point of view. The removal of sales taxes on income tax preparation fees, home insurance, and the preparation of estate planning documents such as wills, health care directives and Powers of Attorney make an interesting case for having important financial planning conversations as a new decade begins. Probate fees will also be eliminated in July 2020.
Your Top 5 Tax Stories Frame Up Interest in 2019 T1 Filings
There are lots of tax changes you’ll need to know about as you get ready to file the new 2019 T1s. This includes a new tax credit for digital news subscriptions, the introduction of passive investment rules for corporate owner-managers, changes to the dividend tax credits, a new CPP deduction for all contributors, a new Canada Training Grant credit and lots of changes to personal amounts. We announced many of these changes as they happened in 2019 and here’s what you, our readers, were most interested in. We’ll drill down even deeper in KBR 2020, so thanks for all of your feedback!
Winter CE Summits: Be Your Clients’ Best Audit Defence
Canadians this year will be surprised by the volume of changes to the return and all the lines in it. Professionals who can answer specific questions, interpret financial activity and file with precision present a great value-add to their clients: the confidence that the new 8-page 2019 return is both accurate and defensible. And that’s important in a vigorous audit environment. The Winter CE Summits provide the knowledge you need – sign up by Friday January 10 for best fees.
