Help & Contact: 1 866 953 4769
STAY UP-TO-DATE WITH BREAKING TAX AND INVESTMENT NEWS.
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.
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?
A Unique Gift For Your Team: DAC 2023 in Beautiful Banff!
Join us in Beautiful Banff November 11-14 at the spectacular Banff Springs Hotel for the Distinguished Advisor Conference (DAC). You won’t want to miss the outstanding special guest speakers, the Snow Ball Gala celebrating our 20th Anniversary, and the opportunity to give the gift this extraordinary Educational Extravaganza to your most dedicated team members!
The Full Agenda: Advanced Personal Tax Update
You can’t afford to miss this if you are a professional tax accountant, bookkeeper or financial advisor! Your clients are counting on you for accurate tax filings, sound tax planning advice and the recommendations to the correct investments as inflation and high interest rates interrupt financial peace of mind. Check it out and register now.
Help Clients Reduce the Downward Pressure on Wallets
Is the Grinch in the house? The interest rate hikes just haven’t stopped in 2022. On December 7, the Bank of Canada (BOC) increased policy interest rate again by 50 basis points, leaving many Canadians worried about the effect on their finances in 2023. Currently, the overnight rate is 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. But this translates to much higher costs on various debt transactions: operating lines, lines of credit and mortgages. Is there a silver lining?
TAX TIP: Make Charitable Giving a Multi-Stakeholder Event
Why don’t more taxpayers – and charities – know more about gifting securities in kind? It’s an expeditious way to support your favorite charities during inflationary times. Donations for the purposes of 2022 tax credits will be accepted until December 30, but it’s important to leave settlement time for the transfer or securities.
Tax Planning: Labour Mobility Deduction for Tradespeople
The April 2022 federal budget, introduced a Labour Mobility Deduction for skilled tradespeople and apprentices who need to temporarily relocate for work and it’s important to advise eligible taxpayers about this before year end so they can find receipts to back up the claims retroactively to January 1, 2022.
