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This Week’s Edition of KBR:

March 2025 Poll

In your view, has CRA improved its services to clients and tax preparers this year?
Yes: 4 votes
4.49%
No: 85 votes
95.51%
 

Cast Your Vote

Why Economic Growth is Job #1

It’s provincial budget season, with a federal election coming up soon. What should Finance Ministers in Canada be focusing on to try to meet the tariff winds head on and ensure the standards of living of Canadians going forward in a proactive way? The answer is to focus on economic growth. What is it, why is it important to consumers and voters and how do we measure that?

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Tips in Claiming Medical Expense Credits

Medical expenses are the one out of pocket expenditure almost everyone has, and therefore it is the most commonly missed one as well.

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Suddenly Unemployed: Tax And Financial Advice To Consider

Layoffs have started in Canada as a result of the tariff war with the U.S. This can be an incredibly emotional experience, aside from the fear associated with financial insecurity. This is a time for important decision-making and tax and financial advisors can be an important source of information, guidance and relief in these scenarios, both for tax and financial planning, in order to make the most of available income sources. There are three things that need to be discussed immediately when there is job loss: 

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What Is A Bare Trust?

Bare trusts have been the subject of extensive filing controversies. They have been commonly used to hold family cottages and other properties, to avoid probate, or for privacy purposes. CRA will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust) for the 2023 or 2024 tax year, unless they make a direct request. But, we are now in 2025 and professionals and their clients need to know the rules.

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A Snapshot of the Opportunities In the Tax Accounting Industry

Statistics Canada has recently released statistics about the incredible opportunities for career starts and advancement in the tax preparation industry. 

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