Help & Contact: 1 866 953 4769
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?
Expansion to CWB Gets the Green Light
The April 19, 2021 Federal Budget has received Royal Assent, and one important change will bring much needed help to a million more low income Canadians: the expansion to Canada’s Workers Benefit (CWB). The expanded annual benefit, which provides up to $1,400 for single workers without children and $2,400 per family, will now be accessible to 3.2 million people. Here are the details.
Increasing the Present Value of Income
Why is tax efficiency so important in planning for future financial peace of mind? Because it increases the present value of income; which has the potential of earning more income and value over the longer savings horizon. Tax and investment advisors can provide invaluable assistance especially to those clients under age 45, who lag behind in their RRSP contributions.
Capital Gains Tax Treatment Changes for Farmers and Fishers
On June 29, an important private member’s bill received Royal Assent. It addresses the thorny issue of intergenerational transfers of family farms and fisheries. These changes will provide more surety for those in the farming and fishing industries to enable capital gains treatment on intergenerational transfers; tax treatment aligned with sales to unrelated parties.
A New Debt Instrument: Limited Recourse Capital Notes
In today’s hot but volatile financial markets, investors are looking for new places to invest for safety, while taking advantage of change. A new type of debt instrument, Limited Recourse Capital Notes, may fit the bill for some fixed income investors, and tax and financial advisors will want to come up to speed to better understand the structure.
Share the Knowledge: Bring Your Team to DAC 2021
Virtual DAC Acuity 2021, October 17-19 will feature the thought leadership of 8 senior executives, 2 best-selling authors, leading scholars and top wealth advisors. It’s an online conference experience that tax and financial professionals won’t want to miss. Share the knowledge: enrol yourself and bring your team along at a reduced tuition fee, until September 30.
