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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.
October 2024 Poll
October was small business month! Do you think more Canadians today are interested in starting their own businesses?
CE Savvy Summits: New Trends in Tax Audit Defence and Appeals
The upcoming September 18 Virtual CE Summit is focused on Audit Defence and features an important session led by experienced tax litigation lawyer, Anna Malazhavaya, LLB, who will cover significant expansion of the CRA audit powers in the recent years. You will learn the best practices in corresponding with CRA auditors, how to identify situations where CRA auditors overstep their boundaries, how to protect your clients, and when to engage a tax lawyer. Register by September 15 and check out the full agenda online!
Vision & Focus: Regaining Financial Control | Panel Moderated by Christine Logan
Ask anyone: does it seem like today’s common financial thread is that financial futures seem out of reach? From burdensome costs of interest, groceries and fuel, and the resulting investment gaps, Canadians just want their financial sea legs back. What does it take to stop, re-assess, and re-engage confident financial outcomes against the backdrop of rapidly changing tax and economic environments? What is the role of the financial professional today in bringing back a methodical approach to financial peace of mind? At the 2024 Acuity Conference or Distinguished Advisors, our panel hosted by Christine Logan and Sponsored by Franklin Templeton will tackle the issues.
Bankruptcy Statistics Up in Canada
The most recent statistics released in August tracking bankruptcies, paint a grim picture of business reality in Canada. While there is some good news - bankruptcies decreased in June over the month before – it is clear that 2024 has been a difficult one especially for small businesses. Did the CEBA loan repayment requirement last month push many over the edge? That and other factors are to blame, and tax and financial advisors are well poised to help.
Bare Trust Filing Rules Relaxed but Only for 2024
The August 12 draft legislation released by Finance Canada brought welcome changes to the trust filing requirements for 2024 for many routine family planning matters, including title holdings on principal residences for an elderly parent or for the purposes of obtaining a mortgage for an adult child. However, new rules for 2025 have narrowed the scope but not entirely eliminated the need to file T3 returns and Schedule 15 Beneficial Ownership Information of a Trust.
Acuity 2024: Announcement of Distinguished Advisor Award Categories
Knowledge Bureau is delighted to announce the winners of its 2024 Distinguished Advisor Awards at the Acuity Conference for Distinguished Advisors (DAC) November 10 – 12 in Montreal. The star-studded ceremony, being held at the exclusive St. James Club, will kick off the three day educational conference – Canada’s only multi-disciplinary conference, featuring 20 thought leaders who will focus on the theme, Safe Havens: Secure Financial Futures & Wealth Potential. Winners will be honored in the following categories and contacted under separate cover for ceremony details:
