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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?
Tax-Free Benefits: Non-Cash Gifts Under $500
A gift (either in cash or in kind) from your employer is an employment benefit. However, non-cash gifts and non-cash awards to an employee for the year with a total aggregate value less than $500 is non-taxable. The total value in excess of $500 annually will be taxable.
Digital Divide Highlights Canada’s Growing Population
Canada is growing! We are now 35,056,064 strong, but there is a digital divide between young and old!
Do Knowledge Bureau Courses Qualify for Insurance Council Credits
Yes, many of Knowledge Bureau’s self-study courses are recognized by Insurance Councils across Canada.
Understanding Synthetic Dispositions – Put-Call Collar
We continue our Synthetic Dispositions series this week with a look at an example of a Put-Call Collar and the effect of the March 21, 2013 federal budget has on reporting requirements.
The Supreme Court of Canada Clarifies the Proceeds of Dispositions
Daishowa-Marubeni International Ltd v. Her Majesty The Queen [2013] SCC 29 An important and eliciting tax decision was recently released by the Supreme Court of Canada (SCC) analyzing the difference between liabilities and embedded obligations as well as the role of tax symmetry in the Income Tax Act (the Act).
