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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.
January 2025 Poll
Do you agree with extending the charitable donations giving deadline to February 28, 2025 for the purposes of reducing taxes on the 2024 tax return?
New and Amazing! The DAC Interactive Agenda!
The 2023 Distinguished Advisor Conference (DAC Acuity) takes place November 12 to 14 at the beautiful Banff Springs Hotel. It is going to be an outstanding industry event for several reasons: the incredible education from Canada’s top thought leaders in the tax, accounting and financial services, as well as our 20th Anniversary celebrations! We invite you to experience all that this year’s event has to offer by visiting the new interactive agenda, just launched. You can enrol there for events, travel, hotel and sign up by June 30 for early bird tuition reductions. Hurry - reserve the incredibly low hotel rates (rooms will sell out fast):
Great New Way to Earn CE Credits with New CE Savvy Collections!
Looking for a new way to earn CE Credits? Check out the new micro-courses from Knowledge Bureau and build new relationships with new conversations with your clients! Earn 5 CE Credits with Knowledge Bureau and FPCanada, IAFE, ICM, AIC and MFDA. Now, save 50% on any collection of your choice until June 15!
Key Small Business Stats: It Pays to Help, Not Hinder SMEs
There are many forms of entrepreneurship, from “gigging” part time to supplement income, to more ambitious ventures which hire many people from the get-go. That seems to be the secret sauce to economic development and growth in Canada. Yet, SMEs face formidable obstacles that could be removed with government support for private labor force development. But does government understand the SME sectors well enough?
FHSA: Digging Deeper into the New Rules
The First Home Savings Account (FHSA) is the new investment vehicle on the block and people have lots of questions about it. For example, is there an age limit to contributing to a FHSA? Can you transfer your RRSP balances into it? Should you? Learn more here:
CEBA Repayment Deadline Ahead
The Canada Emergency Benefit Account (CEBA) provided two loans to businesses; one for $40,000; the second for $20,000. In each case up to $10,000 is forgivable, as long as the balance is repaid on December 31, 2022. This date was extended until December 31, 2023 as of January 12, 2022. The term of the loan remains at 5 years, which means repayment must occur by 2025. Here’s what tax and financial services professionals need to know when discussing with SME clients.
