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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?
Earn a Second or Independent Income with Specialized Credentials in Tax & Accounting
According to the 2025 Canada Salary Guide released by Robert Half, Competition is intense for skilled finance and accounting talent, and to compete businesses need to meet or beat market salary rates in order to retain professional staff with specialized in-demand skills. Many are training to upskill their existing staff in order to overcome technical skills gaps. Knowledge Bureau’s programs and courses leading to specialized credentials can help prepare business owners in the field with technical training their new hires need in tax and accounting.
Start Tax Season 2025 on Sound Footing
Filing a tax return is difficult as the playing field is one of constant change: the tax rules are in flux, particularly in the 2024 tax filing year, with all the uncertainty around the capital gains provisions. But in addition, taxpayers have undergone many financial and life event changes since their last T1 filings, each of which must be identified for each family member. Here’s a primer for new year conversations between advisors and clients that cuts through the noise: what matters is what you keep!
Breaking News: Capital Gains Changes Will Need to be Reported
Will proposed tax hikes for certain capital gains incurred after June 24, 2024 survive now that Parliament has been prorogued? Maybe not, but at this time, the proposals have not officially died for tax filing purposes and in fact, CRA has confirmed on January 7 that it will administer the provisions as if passed for the 2024 tax filing year.
When Can Canada Administer a Proposed Tax Change?
With Parliament prorogued with the resignation of the Prime Minister, and CRA’s announcement that it will administer the proposed changes to the capital gains inclusion rates, the capital gains deduction and other provisions of the April 16, 2024 budget, many have questioned how this is possible given that the proposals, and the related Notices of Ways and Means Motions (NWMM) have not been passed into law.
Register by Jan. 10: The 2025 Advanced T1 Tax Update on January 15
Learn with Peers from Coast-to-Coast at Canada’s renowned Advanced T1 Tax Update, plus receive the Knowledge Bureau ‘Tax Bible’. All Students Receive Our Comprehensive Line-By-Line Knowledge Journal, Online Tax Course, Evergreen Explanatory Notes Research Library, PLUS PowerPoint Presentations from Expert Presenters! This year’s lineup includes Evelyn Jacks, Kim G C Moody, Joanne Thomas, and Ruth Horst. We invite you to check out the detailed agenda, learn more about our illustrious speakers and register by Jan 10 for early-bird tuition savings!
