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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: 68 votes
98.55%
No: 1 votes
1.45%
 

Cast Your Vote

New Luxury Tax: On Bentleys, Boats and Some Items Over $100,000

In the April 2022 Federal Budget, the government announced its intention to add an additional tax on “luxury items.”  This new tax was included in Bill C-19, which became law on June 23, 2022, and collection of the tax began on September 1.  Items sold prior to September 1 are not subject to the tax even if delivery takes place after September 1.

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Risk Management Reviews Important in Light of Higher Inflation

With the recent spike in inflation, planners need to re-evaluate their financial plans.  I’ve previously written about revisiting the long-term mortgage amortization projections with rising interest rates and the impact of rising costs to cash flow (With Mortgage Rates Rising, Revisit Financial Plans).

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New Advisor Award: Nominations Accepted Until September 15

Nominate someone you know for the DAC New Advisor Award today! 

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DAC 2022: Financial Peace of Mind Through the Emotional Despair of Climate Change

Estate Planning: Finding Financial Peace of Mind Despite Next Gen Despair

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Business Leaders: Future-Proof Your Practice

Gender Inclusion: Acknowledging and Servicing Transgender, Non-Binary and LGBTQ2+ People. It has never been more apparent than now that gender norms are changing, and these changes are here to stay.

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