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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.
July 2024 Poll
Starting in July, CRA will provide legal warnings to recover more than $9 billion of overpaid pandemic recovery benefits like CERB. Do you think that is fair?
New Minimum Tax and Career Extension Credits: Details Required
Knowledge Bureau has been looking closely at proposed tax and economic changes on the various party platforms, leading up to the September 20 election. The object is to delve into tax proposals that beg more detail, to enable a thoughtful exchange with candidates. This week: two proposals of interest to pre-retirees, many of whom are experiencing a delayed retirement in an uncertain time.
The Inflation Tax: Why Should We Be Concerned?
Are prices going up in your area? The topic of inflation has arisen as a key concern during the current election campaign. This, after news that inflation had risen to 3.7% in July, its highest rate in a decade. Why do financial advisors need to be able to address this issue with investors? Older clients who are bondholders may be especially concerned. Here’s why, from Dr. Robert Ironside, who writes in the Knowledge Bureau’s Real Wealth Management Program.
Tax & Financial Milestones in September and October
September and October are busy months to meet year-end tax and financial planning goals. In October, there’s also the new expiration deadline for the planned end to the Canada Recovery Benefit, Canada Recovery Caregiving Benefit, and Canada Recovery Sickness Benefit. Here are the important educational, tax and financial milestones to mark on your calendar in September and October.
Income Drop in 2021? Adjust September Instalment
Do you need to make the quarterly tax instalment remittances on September 15? Or, will you be able to keep your money invested? It’s a question your clients may have, especially if their income dropped in 2020 tax filing year. Tax, bookkeeping and financial pros can provide an important service with an accurate income tax estimation for tax year 2021. Fortunately, Knowledge Bureau’s Income Tax Estimator can help, too. Here are the rules to observe:
Manage Risk for Small Business Owners
Join Knowledge Bureau President Evelyn Jacks, and guest speakers for a full professional training experience at the next Virtual CE Summit on September 23, 2021. You'll learn effective audit defence methods for managing the tax risk of your small business owner clients. Act by the September 15 enrolment deadline and save your seat to learn how to help small business owners before tax season starts!
