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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?
Do You Need CE Credits? Take the CE Savvy™ Collections
Last week, The Financial Services Regulatory Authority of Ontario (FSRA) sent an important reminder to Life Agents in the province to complete CE requirements or they may face regulatory action. It’s an important reminder for all industry professionals to get onside with CE now – and Knowledge Bureau has a great new educational solution: The CE Savvy Collections, which are Accredited with KB, Insurance Councils, Advocis and FP Canada.
Meeting of the Minds: 360 Degree Trigger Tour, March 22
Economic uncertainty, war, inflation, rising interest rates, market volatility and looming tax change – all have led to significant financial triggers to keep Real Wealth Managers on their toes. How can one person ensure that their client's holistic wealth plan is maximizing Real Wealth (sustainable inter-generational wealth after taxes, fees and inflation) when so many triggers occur at once?
Coming Soon…Canada’s Most Up-to-Date Personal Income Tax Course!
Keep an eye on your email for your VIP access to enrol in Canada’s most-up-to-date income tax course…coming soon from Knowledge Bureau. This is a great course on personal taxation if you are new to the business as well as a solid refresher for experienced professional tax accountants. Learn the fundamentals of T1 income tax preparation and planning in this course as well as what has changed and what is coming for the next tax year. Today, we’re giving you a sneak peek...
Big Tax Cuts: A Seismic Shift in Manitoba
Provincial Budget Season continues, and while the Yukon Territories had no new income tax measures to announce on March 2, Manitoba made a seismic shift, introducing significant personal tax cuts in their March 7 budget. Specifically, the Basic Personal Amount increased 38% to match the federal amount of $15,000 in 2023. If passed, the budget will bring inflation-fighting relief to Manitobans who will see reduced withholding taxes starting July 1. Further, tax brackets will move up 27.5% in the lowest tax bracket and 25.5% in the middle tax bracket in 2024. Details below:
International Women’s Day: Embracing Equity in the Financial Services Industry
In the financial industry in Canada, we are fortunate to see an increasing number of women joining the industry, relative to other sectors, where the women and men are starting their careers at parity. However, men have historically been the beneficiaries of more career promotions, rising to the top faster than women, despite studies showing that women leaders create higher employee retention, increased engagement, and productivity within organizations. There may be several reasons for this dilemma, including:
