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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.
March 2025 Poll
In your view, has CRA improved its services to clients and tax preparers this year?
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.
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.
