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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.

This Week’s Edition of KBR:

April 2025 Poll

Do you believe our tax system needs to be reformed and if so, what would be your first improvement? If not, what do you like about it?
Yes: 67 votes
98.53%
No: 1 votes
1.47%
 

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DAC Delegates:  High Inflation, High Anxiety Brings Opportunity

Last week Distinguished Delegates at DAC 2022 were asked to get out of their comfort zones and make new, big goals to embrace what will be a difficult 2023. One thing that stood out to us: Many delegates see this time of high inflation and high anxiety as an opportunity.  It’s a perfect time to add value in all areas: accounting, tax, bookkeeping and financial services. Here’s a recap of the wisdoms:

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Corporate Owner-Managers Need Support Around Tax Planning

We are going to feature an ongoing series highlighting certain courses that professionals will find valuable.  For the next couple of weeks we are going to spotlight professional certificate courses that are directly related to Year-End Tax Planning.  This week’s course is Tax Planning for Corporate Owner-Managers. 

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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? 

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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. 

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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:

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