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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?
Got an Hour? Grab Lunch and Prepare to Solve One Client Problem at a Time!
Have you ever wished that you could spend your lunch hour learning about a specific planning concept right when you need to know it?
Applying COVID Benefits Repayments Gets Easier
CRA is introducing a new form for tax filing season 2022, which will make the application of a repayment of COVID-19 benefits easier. The repayment can be claimed as a deduction, which will generate a refund.
Ending Soon: Small Businesses Air Quality Improvement Tax Credit
The next scheduled date on which the Bank of Canada will announce its overnight rate target is October 26, 2022. In this, Part 2 of a series of three, we discuss monetary and fiscal policies that affect inflation. The Small Businesses Air Quality Improvement Tax Credit will soon expire and with it a lucrative return for those who improve their business premises. Expenses must have occurred between September 1, 2021 and December 31, 2022. Here’s what you need to know and share:
Impacts of Rising Prices from Monetary and Fiscal Policies
This is Part 2 of a series of 3 articles. In Part 1 we discussed common measurements of inflation and introduced some of the major causes of inflation. This background is important, so I encourage you to read the first article if you haven’t already. In today’s post, we will discuss monetary and fiscal policies that are affecting inflation. In Part 3, we will discuss strategies that we can use to help alleviate some of the pains from rising prices.
A Holistic Disruption Requires a Holistic Approach
A holistic disruption requires a holistic approach and it’s time for the tax and financial advisory community to collaborate more, not less, to help their clients face the real possibility of recession and increased financial pain in 2023. “It is our role to be sure our clients are prepared for both opportunities and threats,” says Evelyn Jacks, President of Knowledge Bureau and the first keynote speaker at DAC Acuity 2022 in Niagara Falls this past week.
