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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.
March 2025 Poll
In your view, has CRA improved its services to clients and tax preparers this year?
The Principal Resident Exemption– The Nuances
The Principal Residence Exemption: The Nuances is part of a three-part series explaining the principal residence exemption under Canadian taxation law. It begins with the tax consequences on the change in use of a principal residence.
Will an Extra Tax on Landlords Help Reduce Housing Costs?
In the last election, the Liberal government promised that, after renovations to a building rent increases fall outside of a normal change in rent or are excessive in their view, they will implement a surtax on landlords. It is interesting to think about the repercussions of such a proposed policy and to reflect on whether this the economic outcome that is truly desired, when our collective challenge is to invest in improving buildings for reasons of climate change and health care concerns? Here are the details.
Tax & Financial Pros Weigh in on Effective Economic Reform
This doesn’t happen very often, but the result of our January Poll question which asked: “Do you think personal/corporate tax reforms can spur economic growth in Canada in 2022 and beyond?” were split right down the middle with 50% saying “yes” and 50% saying “no”. Why the mixed results from Canadian tax and financial professionals? Here’s what you had to say:
The Knowledge Bureau Network: Decline in Life Expectancy is Eye Opening
Statistics Canada has reported Canada’s largest drop in life expectancy since 1921 – a seven-month decrease. It is an eye-opening study that brings to mind the importance of new conversations about medical, disability and estate planning during the busy tax season, especially for younger people.
Inflation Tax and Indexing
The annual inflation rate rose to 4.8% in December 2021, yet many Canadians who have never experienced inflation in their lifetime, may wonder, so what? Over time, as one soon notices, inflation can significantly reduce the real value of Canadian savings and purchasing power. When the computation of taxes or benefits are not fully indexed to inflation, there is also a real, but hidden, inflation tax. Here’s how to plan for it:
