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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.
December 2024 Poll
Should the $250 Working Canadian Rebate be passed into law to provide tax relief to individuals with working net income under $150,000, who also contribute to the CPP?
How Much Can Be Claimed as a Charitable Donation?
The allowable claim for the regular donation credit is calculated as follows, based on your qualified gifts which can include cash, publicly traded securities and mutual funds, life insurance policies, personal use property, capital property, depreciable assets, cultural and ecological gifts.
Need Last Minute CE Credits? Knowledge Bureau Offers 8 Ways to Get Them
Knowledge Bureau now features 8 free trials for its online certificate course line-up, allowing professional advisors the opportunity to earn 2 CE/CPD credits per course trial. The free trials are a great way to preview course selections for you and your team.
Overtime Meals and Allowances Tax-Free Benefit
If an employer provides overtime meals or an allowance as an employment perk, there are three conditions that must all be met to in order to ensure that benefit is not taxable.
CRA Needs More Help, Recent Audit Report Reveals
Canada announced in its 2013 federal budget that international tax evasion was at the top of the list of concerns for our nation and that capturing revenue from such sources would help alleviate the tax burdens on other citizens.
How to Avoid Tax Hikes When Withdrawing RRIFs
This is the first year I am required to withdraw some money from my RRIF account. However, that amount along with CPP and OAS will bump me up to almost $90K. I am probably not eligible to contribute to my spouse's RRSP, so are there any other ways to reduce my tax burden to CRA?
