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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:

March 2025 Poll

In your view, has CRA improved its services to clients and tax preparers this year?
Yes: 1 votes
2.44%
No: 40 votes
97.56%
 

Cast Your Vote

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.

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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.

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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? 

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EFILE Changes for 2014 Season Announced

Professional tax advisors should now be familiar with new EFILE procedures for 2014, which will begin on February 10, 2014. 

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Minimize The December 15 Quarterly Tax Instalment

December 15 is just around the corner and that’s the time seniors and others who do not have tax deducted at source make their final quarterly tax instalment remittances.

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