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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.

This Week’s Edition of KBR:

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?
Yes: 79 votes
80.61%
No: 19 votes
19.39%
 

Cast Your Vote

What Are the Rules to Reporting Rental Income?

With a new school year around the corner, you may be considering taking in a university student as a renter. If so, you will want to get your documentation ready for a change in your tax filing.

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Dividends Need Focus in Year End Planning

Over the past several years, corporate income tax rates have decreased which has affected reporting by individual investors on their personal returns for dividend income. 

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Does “Topping Income Up” to Next Tax Bracket Make Sense?

Sarah is 67 and earning all her income in the lowest tax bracket. She has not yet started withdrawing money from her significant RRSP, which holds $800,000. When should she start? How much should she take into income?

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Reduce Clawbacks with an RRSP Contribution

When a taxpayer's income falls into a clawback zone, a portion of a social benefit like OAS or EI must be repaid.

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Understanding Conflicts of Interest: Tips from the Tax Court

Canadian National Railway Company v McKercher LLP and Gordon Wallace, 2013 SCC 39

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