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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?
Assessing Risk Tolerance: Veni, Vidi, Meas Pagellas Recensui
Assessing risk tolerance and portfolio suitability is one of the most important roles of a portfolio manager. There are many factors that play into risk tolerance: net worth, time horizon, experience, and comfort with volatility to name a few.
Postpone the Tax Deadline? The Vote is in!
It was close, in fact, a dead heat throughout the month as tax and financial professionals across Canada weighed in on the question “Should the tax filing deadline be extended for all taxpayers to June 15?” And the conclusion is a 50/50 split! Here are some of the reasons from those who participated in one of our most divisive poll questions to date.
DAC 2022: The Speed of Tax Change
Join Kim G.C. Moody, FCPA, FCA, TEP will be taking the live stage at DAC Acuity 2022 to discuss The Speed of Tax Change and what it means for financial professionals and their clients. In his entertaining style, Kim will discuss the very complex and pervasive changes that continue be proposed at mach speed. How do you keep up-to-date to ensure your practice responds appropriately for the benefit of clients? This session will give straight-forward suggestions to help you navigate this important topic.
Leaving the Workforce? Tax Changes & Effective Planning Strategies
After decades saving for retirement, transitioning to spending down savings can be a huge shift in mentality for retirees. Additionally, one of the biggest surprises that new retirees often face is how their taxes change upon leaving the workforce. For the average worker who has spent his or her adult life paying ordinary income tax via payroll withholdings, the shift to flat withholding rates combined with differing rules depending on the source of their income can leave many clients with an unexpected tax bill after they retire.
July 2022: A Raise for Older OAS Recipients
Were you born before July 1, 1947? It’s an important question to ask all your senior clients because they are in for a raise in their OAS benefits this year. The government announced an increase to Old Age Security by 10% for seniors over age 74, starting with the July 2022 benefit year. Eligibility is based on several criteria including individual net income on the 2021 tax return. Here are some additional details about the program, excerpted from Knowledge Bureau’s Advanced Retirement and Estate Planning Course, now available.
