Help & Contact: 1 866 953 4769
Financial Issues & Answers for Everyone
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.
June 2025 Poll
Are your clients owed money by CRA? As of March 31, 2025, the CRA holds about 10.2 million uncashed cheques totalling $1.7 billion. In your view, why is this happening?
Introducing Your Acuity 2024 Master of Ceremonies, Steven Furtado!
The 2024 Acuity Conference for Distinguished Advisors (DAC) is pleased to announce Steven Furtado, CIM™, RWM™, FDFS™, and Young Advisor Award Winner as this year's Master of Ceremonies in Montreal, November 10-12. Join Steven as he kicks off the Thought Leadership Breakfast on Monday, November 11. Register by the September 30 early-bird deadline! Check out what Steven has to say about this year’s conference below, then visit the detailed online agenda, and learn more about this year’s line-up of illustrious speakers!
Mark Your Calendar: Inaugural MFA-P™ Symposium on October 30
The inaugural MFA-P Symposium will be held in Toronto on October 30th, 2024. You’ll experience six dynamic sessions from industry leaders designed specifically to help advisors engage their clients about strategic charitable giving. It’s an opportunity to meet peers and industry leaders who can help you build your business.
SMES: Carbon Tax Rebates on the Way?
July 15 was an important day for carbon-tax weary taxpayers. A Canada Carbon Rebate payment was made to individuals who have filed their 2023 personal tax returns. What about the long-awaited $2.5 billion Carbon Tax Rebate For Small Businesses? The delivery date and amounts to be received remain elusive, but one thing is clear: many businesses will have disqualified themselves by missing the July 15 date for filing 2023 T2 returns. Here’s what you need to know.
T3 Filings: What Will Come of the Ombudsperson Review?
New T3 filing requirements for trusts were formally enacted beginning in the 2023 taxation year. The rollout of this program quickly became a broad-based disaster, as informal and bare trusts were a surprise inclusion in the requirements. Over 52,000 T3 returns and new Schedule 15s were filed before the government had a sudden change of heart; cancelling the requirement for bare trusts just hours before the filing deadline. Now, the Taxpayer’s Ombudsperson is looking into the situation to determine if taxpayer rights were breached.
Buying an E-Vehicle? You May Qualify for a Rebate
In the market for a new car? Did you know that the federal government wants to achieve, by 2035, 100% zero-emission vehicle sales. Interim targets are that at least 20 percent of all sales are e-vehicles by 2026, and at least 60 percent by 2030. To encourage those results, two federal programs are available to make those purchases easier. And that’s good news because the average e-vehicle costs are still quite high; but the offset is lower driving costs.
