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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?
Become a Certified Tax Practitioner: Start Online Today to Earn Your Diploma
The time is now to earn a diploma as a Certified Personal Tax Practitioner. These professional credentials offer you the chance to have a current and well-rounded educational experience and get work in a career that’s in high demand.
TaxCycle: DAW Sponsor Bringing Financial Advisors Into the Future
Knowledge Bureau is pleased to announce that TaxCycle will join the January Personal Tax Update Workshop tour as a national sponsor. Founded in January 2010, Calgary-based Trilogy Software Inc. creates tax software for accountants and tax professionals.
Household Debt Growth Outpaces Growth in Assets and Income
Perhaps it’s the Christmas spirit. Canadians appear to be putting the warnings to curtail their debt and prepare financially for tougher times on the back burner. This according to Statistics Canada, which just released the disconcerting news that the ratio of household credit market debt to disposable income rose to 163.7% in the third quarter of 2015. That’s up from 162.7% in the second quarter. Credit market debt includes consumer credit, mortgage loans, and non-mortgage loans.
Federal Government Takes Action to Stabilize Housing Market
Buying real estate in 2016? Be prepared to come up with a bigger down payment. Changes to government-backed mortgage insurance rules were announced last week to maintain a healthy, competitive, and stable housing market.
CRA Announces Interest Rates for First Calendar Quarter
On Dec. 15, the Canada Revenue Agency (CRA) announced the prescribed annual interest rates in effect from January 1 to March 31, 2016, confirming there are no changes to the prescribed interest rates since last quarter with the exception of one category: the interest rate for corporate taxpayers’ pertinent loans or indebtedness.
