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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.
February 2025 Poll
In your view will the new U.S. tariffs affect your clients’ business and retirement plans?
News in Farm Taxes: Livestock Tax Deferral Regions
Each year, Agriculture and Agri-Food Canada publishes a list of prescribed regions that have experienced either drought conditions or excess moisture. Farmers in these regions qualify to defer reporting the proceeds from the sale of a portion of their breeding herd if they meet certain conditions.
New Legislative Proposals: Charitable Donation Tax Credits for Trusts
Finance Canada recently released proposals to amend certain sections of the Income Tax Act (the Act) pertaining to the tax treatment of certain trusts, which only came into force on January 1, 2016. To the relief of many tax and legal practitioners, the proposals remedy some undesirable aspects of the amendments, especially as it relates to charitable giving.
Your Notice of Assessment: Don’t Misplace It
One document you must remember to keep track of after filing your tax return is your Notice of Assessment or Reassessment from the Canada Revenue Agency (CRA).
RRSPs: Pay Attention to Leap Year & Earn Lucrative Refundable Tax Credits
Many people don’t understand one of the most fundamental reasons to file a tax return: claim lucrative refundable tax credits. It’s especially important for families that qualify for the Canada Child Tax Benefit, which is expected to be enhanced this July.
Tax Strategies: A Key Component in Your Clients’ Wealth Plan
Using comprehensive tax reduction strategies as a leading weapon in sustaining family wealth always makes sense, but never more than this year. In an investment climate in which there is very little certainty, it pays to look for winners we can count on: tax-efficient investments, for example.
