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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.
July 2024 Poll
Starting in July, CRA will provide legal warnings to recover more than $9 billion of overpaid pandemic recovery benefits like CERB. Do you think that is fair?
Tax Season 2024 Approaches: Beat Inflation with Sound Tax Advice
To pull ahead of high inflation, interest rates and new taxes looming for the first half of 2024, taxpayers and their advisors can best cope by quickly sharpening their skills on uncovering tax-driven savings to manage financial challenges in the short term, says Knowledge Bureau Founder and President Evelyn Jacks, best-selling tax financial author and award-winning educator. There are also some things that can still be done before year end, especially for delinquent tax filers, but the time is quickly drawing to a close, so if you have missed filing a return now is the time to catch up and recover refunds and benefits.
Your Program Guide to Your Complete Tax Filing Resource Kit for 2024!
Knowledge Bureau’s T1 Advanced Tax Update Hybrid Learning Event is now available for registration, to provide a complete suite of educational resources personal tax specialists need to file a broad base of T1 returns for the 2023 tax year, including returns for individuals, students, families, investors, seniors, proprietors, the disabled and nuances for terminal returns. Everything is included for this top tier Advanced T1 Tax Update to fully prepare you for the tax season including, as described below, the CE Summit workshops – virtual and in person – and a full tax research library, hard copy desk top reference journal, and CE Accreditation.
Knowledge Bureau Report and CPP Poll
We’ll be back on January 3, 2024! In the meantime, please share your thoughts in our last poll of 2023:
Contribute to Building a Collaborative Network of Real Wealth Managers™.
Connect with a like-minded group of financial leaders through cross-referral and networking opportunities as a member of the Society of Real Wealth Managers™: open to those who have achieved the RWM™ Designation. Current members of the Society of Real Wealth Managers™ commit to an annual membership that qualifies for 15 CE/CPD credits to keep your RWM™ credentials in good standing with Knowledge Bureau. For existing members, join us on Tuesday, January 2 for our annual member’s meeting, check your calendar for details.
Canada Dental Care Plan Includes Some Seniors, Affects T4 and T4As in 2023
On December 11, the federal government announced it will introduce the new Canada Dental Care Plan (CDCP) to seniors age 87 and above in December 2023. Access for others will begin over the 6 months ending in June 2024. In all cases, eligible claimants must not have access to a private dental care plan, and 2022 tax returns must have been filed to meet income testing. Tax specialists should contact our oldest seniors immediately to discuss eligibility and in addition, be mindful of changes to T4 and T4A slip reporting as well. Here are the details:
