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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.
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?
Did You Miss the May CE Summits? Access the Incredible Education!
Did you miss the May 24 Virtual CE Summit? You can still sign up for the Advanced Retirement & Estate Planning Update Course and access the live speaker recordings from the event. Plus, line up your educational calendar for the year with a CE Summit Event Pass and take advantage of the best available tuition rates!
KB Designates: Relicensing Deadline is June 30
Knowledge Bureau designates need 15 CE Credits by June 30 to relicence their credentials; IIROC Cycle 9 ends on December 31, 2023 and Insurance Council licensing CE credits are due at various times throughout the spring. That’s why Knowledge Bureau is offering 5 new CE options to help you meet your CE requirements before the deadline sneaks up!
Micro-Course Collection: Retirement Planning with a Holistic View
Help your clients envision their plan for the three stages of retirement based on a holistic, values-based strategy and a consistent process for articulating and measuring a plan to its objectives. This will involve several different approaches to new conversations with clients as you help them set objectives for life, financial and economic milestones after work life. Expand your skillset to help your clients navigate retirement planning with the new CE Savvy™ Collection: Retirement Planning.
How Much Can You Contribute to an FHSA?
It’s now possible to contribute up to $8,000 per year to your new First Home Savings Account (FHSA), starting in 2023 – this year! Have you opened an account yet? Some financial institutions are starting to offer the plan and it is a great way to save on a tax preferred basis for a new home. It’s also important to open the account because no FHSA contribution room is earned until the year that you do. Following is a checklist to review with your family members, or in the case of professional tax, bookkeeping or financial advisors, with your clients and their younger family members.
CWB – Take Time to Refresh and Educate
Canada Worker’s Benefit (CWB) is a refundable credit of up to $1,428 for singles and $2,461 per family which is received when you file a tax return and earn “working income”, a term that is not defined by CRA. There are other criteria, described below. This provision deserves a refresh, because one-half of the CWB claimed on the tax return will be pre-paid for the following year in three instalments: July, October, and January.
