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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.
March 2025 Poll
In your view, has CRA improved its services to clients and tax preparers this year?
Tax Tips: Help Newcomers to Canada Help Themselves to Tax Credits
This year, new immigrants include more refugees who need to come up to speed on how to benefit from the many refundable and non-refundable tax credits and deductions available in Canada. You may wish to take a new family under your wing and help them navigate this task.
Loonie Value Reaches Three-Month High Relative to the US Dollar
On Tuesday, the Loonie was worth $0.7657 US. This is the highest value we’ve seen since September 23, 2016. Sadly the dollar is still more than 30 down from January of 2013 when it was last on par with the US Dollar. So what are the tax implications for investors of exchange rate fluctuations?
Coach Houses and the Principal Residence Exemption
In communities where rental accommodation is scarce, more and more homeowners are building a second dwelling on their lot and renting out that “coach house” or “carriage house”. Many have not thought about the tax consequences, though, and they could be complicated. The key question: will your tax exempt principal residence status be affected by this second dwelling?
First Quarter Tax Filing Milestones
It’s time to take note of the tax filing requirements and investment opportunities that arise in the first quarter of 2017: January, February and March. Investors making TFSA and RRSP contributions, as well as interest payments on inter-spousal loans are affected. So are taxpayers who are making quarterly instalment tax remittances.
DAC CANADA150 Financial Trivia Question for January
Submit your answer to the monthly DAC Canada150 financial trivia question to win a free registration to the Distinguished Advisor Conference in spectacular Kelowna, B.C., November 5 to 8. At the end of each month one lucky person’s name will be entered to win the grand prize.
