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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.
December 2024 Poll
Should the $250 Working Canadian Rebate be passed into law to provide tax relief to individuals with working net income under $150,000, who also contribute to the CPP?
TaxCycle Talks: Join Us in Your City for Key 2024 Tax Updates!
TaxCycle Talks is coming to a city near you. This is your chance to hear from Evelyn Jacks, President of Knowledge Bureau and best-selling tax author! Evelyn will break down the key tax changes for Millennials, Gen Z, investors, seniors, and business owners. Don't miss her expert insights into capital gains inclusion rate changes, emerging audit trends, and best practices for training staff for tax season 2024. Register now to attend one of these complimentary events:
Income Tax Fundamentals - Tax Reforms Span 160 Years
What date was the Income Tax Act introduced? When was the first federal sales tax in Canada? In what year did Canada introduce withholding taxes? From the time of the first recorded tax in Canada in 1650, the Canadian tax system has undergone over two dozen major tax reforms. With an election on the horizon, and tax reform a priority for many professionals, it’s a good time to brush up on some tax reform history.
The Canada Disability Benefit: Why Tax Filing This Year is Important
A new landing outlining the details of the long-awaited Canada Disability Benefit was updated by Employment and Social Development Canada on September 13, 2024, providing more details about the monthly stipend, but confirming that there will be no payments until at least July of 2025 – yet another delay from the expected start date of December 2024. The benefit will not be payable, according to the latest information posting until the month after the month in which an application is approved. For most eligible Canadians, it would appear then, that there are no benefits for at least a year yet. Here is some background information:
Disposing of Shares with No Value
There are times when shareholder disposes of shares with no apparent proceeds. What are the tax consequences? Following are three examples you will want to know more about as you do some year end tax planning with investors.
RSVP Now - DAC in Montreal Nov 10-12 - Save Up to 20% on Tuition Until Sept. 30!
It’s the last chance to save on early bird rates for the most important multi-advisory conference in the tax and financial services. “We invite you to connect with 19 of Canada’s brightest and most accomplished thought leaders and in the tax, accounting and financial services industry at the 2024 Acuity Conference for Distinguished Advisors in Montreal November 10-12”, says Evelyn Jacks, President of Knowledge Bureau and Program Director. “Our economic future and important tax reforms are on the agenda and, frankly, on the line. Your experience and views will help shape opinions on the theme: ‘Safe Havens – How To Secure Financial Futures And Build Wealth Potential’ ”. Here is more information and how to join us. Act by September 30 to save on tuition.
