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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: 78 votes
80.41%
No: 19 votes
19.59%
 

Cast Your Vote

Use Tax-Free Zones

Everyone in Canada qualifies for the Basic Personal Amount (BPA). 

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Dealing with goodwill

Goodwill can be “eligible capital property” under the Income Tax Act, explains Greer Jacks in this second of two parts on goodwill.

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Do non-residents have to pay Canadian income taxes?

Yes. The government imposes income taxes on non-residents who earn income in Canada and/or dispose of Canadian property.

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Repurpose Your Income

There are many different definitions of “income” on the tax return.

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Putting “goodwill” to work for you

Understanding the concept of “goodwill” will work to your advantage, as Greer Jacks explains in this first of a two-part series.

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