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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:

This Month’s Poll

Should the Old Age Security clawback start at a lower net income than the current $93,454?
Yes: 22 votes
19.13%
No: 93 votes
80.87%
 

Cast Your Vote

Real Tax News

DAC Acuity 2026: Victoria, B.C.’s Inner Harbour is The Gorgeous Destination

The 2026 Acuity Conference for Distinguished Advisors (DAC) will take place November 22–24 at the Delta Hotels by Marriott Victoria Ocean Pointe Resort, a premier waterfront venue overlooking Victoria’s Inner Harbour and the iconic Legislative Building. It’s an ideal backdrop for this year’s theme, The North Star: Strategic Direction & Value Reflection. Team member and early bird specials apply now. Check out all the benefits below and the registration details at learn.knowledgebureau.com/acuity.

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Financial Advisors’ Succession: It’s About The “Critical Middle”

Buying books of business – chocked full of existing client portfolios - has been the favored way to grow as it represents, a turnkey solution to get into a market quickly with established cash flow as opposed to building a business from the ground floor up. Ultimately, however, this is only a short term win. Keeping those clients and building upon the goodwill requires business smarts: the skills to scale a business by expanding capacity. That’s why you should attend:

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The Importance of Provincial Budgets: Elbows Up and No Bracket Creep!

Some of the right things are happening in Nova Scotia, from the perspective of improving standards of living in that province.  And that’s important news because according to the Fraser Institute, Canadians have suffered the worst five-year decline in their standard of living over the 2020-to-2024 period since the Great Depression.  It notes, our Gross Domestic Product (GDP) per person decreased by 2.0% (0.4% annually) ; this despite aggregate GDP growth of 1.5% over the period.  Further, all ten provinces are experiencing stagnation, which is unique in our history.  So what’s the good news in Nova Scotia, at this critical juncture?

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New!  CRA Callback Service for Professional Tax Practitioners

The Canada Revenue Agency (CRA) has implemented a new callback service aimed at decreasing wait times and optimizing support for individual tax and benefit inquiries from tax pros. The pilot initiative started on Friday, February 27, 2026.  But how is it working for you?  We’d like to know!  Here’s the backdrop and the criteria for use:

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February Poll: Advisors Not Happy with New Groceries Essentials Benefit

Finance Canada has not garnered favor with the tax and accounting community in replacing the GST/HST credit with the new Canada Groceries Essentials Benefit (CGEB):  70% answered no when asked if they agreed with the launch of this credit.  Some were even quite angry about it.  Here are the reasons why:

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