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]]> Buzzsprout (https://www.buzzsprout.com) business, finance, tax, canada, canadian, education, knowledge, money, retirement, small business, tax tips, income Knowledge Bureau https://storage.buzzsprout.com/9t2zmqtk3gnemec7wozxlusci0pr?.jpg Real Tax News You Can Use with Evelyn Jacks https://www.knowledgebureau.com Evelyn Jacks Geoff Currier Automatic Tax Filing: Good or Not Good? With Gillian Petit Automatic Tax Filing: Good or Not Good? With Gillian Petit Today we are talking about a new initiative coming soon to taxpayers across Canada from their tax department the Canada Revenue Agency: Automatic Tax Filing.  

This is an initiative that has the potential to substantially alter our self-assessment system of taxation. The plan is for Automatic Tax Filing, to begin in earnest in 2027, if the government’s proposals get Royal Assent, which is expected. The government will then initiate a pilot project in the fall of 2026. 

CRA will have the discretionary authority to fill in and file a tax return for an identified individual. This new system is aimed at getting more government benefits like the Canada Child Benefit or new Groceries and Essentials Benefit out to low or nil income Canadians with simple returns.  

By March of 2029, for the 2028 tax return, it’s anticipated that 5.5 Million returns will be filed for eligible individuals.  

Gillian Petit is a  Ph.D. in Economics, Department of Economics, at the University of Calgary, who has a  Juris Doctorate, Faculty of Law, and an MA in Economics from Queen’s University. She is currently a Post-Doctoral Researcher and Senior Research Associate, Department of Economics, University of Calgary and has recently written an important paper for the Institute for Research on Public Policy Entitled, Automatic Tax Filing: Welcome News for Lower-Income Canadians, but There’s More to Do. 

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]]> Today we are talking about a new initiative coming soon to taxpayers across Canada from their tax department the Canada Revenue Agency: Automatic Tax Filing.  

This is an initiative that has the potential to substantially alter our self-assessment system of taxation. The plan is for Automatic Tax Filing, to begin in earnest in 2027, if the government’s proposals get Royal Assent, which is expected. The government will then initiate a pilot project in the fall of 2026. 

CRA will have the discretionary authority to fill in and file a tax return for an identified individual. This new system is aimed at getting more government benefits like the Canada Child Benefit or new Groceries and Essentials Benefit out to low or nil income Canadians with simple returns.  

By March of 2029, for the 2028 tax return, it’s anticipated that 5.5 Million returns will be filed for eligible individuals.  

Gillian Petit is a  Ph.D. in Economics, Department of Economics, at the University of Calgary, who has a  Juris Doctorate, Faculty of Law, and an MA in Economics from Queen’s University. She is currently a Post-Doctoral Researcher and Senior Research Associate, Department of Economics, University of Calgary and has recently written an important paper for the Institute for Research on Public Policy Entitled, Automatic Tax Filing: Welcome News for Lower-Income Canadians, but There’s More to Do. 

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]]> Knowledge Bureau Buzzsprout-19392610 Fri, 26 Jun 2026 10:00:00 -0400 1676 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 2 10 full false Alternative Investment Strategies - With Aaron Dubnicoff Alternative Investment Strategies - With Aaron Dubnicoff Enter alternative assets—a diverse array of investment opportunities spanning private equity, real estate, cryptocurrencies, renewable energy projects, and collectibles. These assets are increasingly accessible to retail investors now.  And we have a special guest that can help us understand alternatives better today Geoff.  Today we’ll drill down deeper with my friend Aaron Dubnicoff of Arrow Capital Management Inc. 

Aaron Dubnicoff is the Managing Director of Sales at Arrow Capital Management Inc. where he has been educating investors and their advisors for the last five years on the challenges of navigating a complex global economic environment.  He is a graduate of the University of Winnipeg.

Arrow Capital Management Inc. is registered as an Investment Fund Manager and Portfolio Manager. The information discussed in this podcast is for educational and informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities. Commissions, trailing commissions, management fees, and expenses may all be associated with mutual fund and alternative fund investments. Please read the applicable prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Alternative investments and liquid alternative strategies may involve leverage, short selling, and other investment practices that involve special risks. Investors should consult with their financial advisor to determine if any investment is suitable for their particular circumstances before making any investment decision. Arrow Capital Management Inc. is headquartered in Toronto, Ontario. For more information, visit www.arrow-capital.com

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]]> Enter alternative assets—a diverse array of investment opportunities spanning private equity, real estate, cryptocurrencies, renewable energy projects, and collectibles. These assets are increasingly accessible to retail investors now.  And we have a special guest that can help us understand alternatives better today Geoff.  Today we’ll drill down deeper with my friend Aaron Dubnicoff of Arrow Capital Management Inc. 

Aaron Dubnicoff is the Managing Director of Sales at Arrow Capital Management Inc. where he has been educating investors and their advisors for the last five years on the challenges of navigating a complex global economic environment.  He is a graduate of the University of Winnipeg.

Arrow Capital Management Inc. is registered as an Investment Fund Manager and Portfolio Manager. The information discussed in this podcast is for educational and informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities. Commissions, trailing commissions, management fees, and expenses may all be associated with mutual fund and alternative fund investments. Please read the applicable prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Alternative investments and liquid alternative strategies may involve leverage, short selling, and other investment practices that involve special risks. Investors should consult with their financial advisor to determine if any investment is suitable for their particular circumstances before making any investment decision. Arrow Capital Management Inc. is headquartered in Toronto, Ontario. For more information, visit www.arrow-capital.com

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]]> Knowledge Bureau Buzzsprout-19255616 Thu, 11 Jun 2026 14:00:00 -0400 1346 real tax news, Evelyn Jacks, knowledge bureau, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, l 2 9 full false Women And Their Money with Esther Findlay Women And Their Money with Esther Findlay

Women are highly successful business owners and entrepreneurs, often outperforming men in areas like revenue generation and job growth. Women focus on sustainable, long-term growth and high-efficiency teams, even while overcoming significant obstacles in securing venture capital funding.  

Most importantly, as of 2023, women controlled an estimated $60 trillion in assets under management (AUM), and that is equal to about 34 percent of global AUM.  

Yet financial services firms are only now starting to recognize the unique goals and preferences of female investors and that’s the subject of our conversation today.  To help us understand these issues we have a very special guest today, my friend, Esther Findlay

Esther Findlay is the SVP, Business Development for Western Canada and Chair of IG Women, Wealth & Wellbeing. 

In this role, she leads business development strategies across Western Canada while championing programs that support women’s financial confidence, wellness, and long-term success.

She previously served as SVP for IG’s national Planning Specialist Network leading Insurance and Estate Planning Specialists and Mortgage Planning Specialists and as President and UDP of IG Securities.

Esther joined IG Wealth Management in 1990 and has held progressive leadership roles across Western Canada, earning distinctions including the Master Director Award. She is also a recipient of Wealth Professional’s Women of Influence Award and two Heart Truth awards from the Heart & Stroke Foundation.

She holds a Business Administration diploma and the Chartered Financial Planner (CFP), Personal Financial Planner (PFP), and Registered Retirement Consultant (RRC) designations.

Married to Keith Findlay, CPA and proud mother of Jonaus and Noah.

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]]>

Women are highly successful business owners and entrepreneurs, often outperforming men in areas like revenue generation and job growth. Women focus on sustainable, long-term growth and high-efficiency teams, even while overcoming significant obstacles in securing venture capital funding.  

Most importantly, as of 2023, women controlled an estimated $60 trillion in assets under management (AUM), and that is equal to about 34 percent of global AUM.  

Yet financial services firms are only now starting to recognize the unique goals and preferences of female investors and that’s the subject of our conversation today.  To help us understand these issues we have a very special guest today, my friend, Esther Findlay

Esther Findlay is the SVP, Business Development for Western Canada and Chair of IG Women, Wealth & Wellbeing. 

In this role, she leads business development strategies across Western Canada while championing programs that support women’s financial confidence, wellness, and long-term success.

She previously served as SVP for IG’s national Planning Specialist Network leading Insurance and Estate Planning Specialists and Mortgage Planning Specialists and as President and UDP of IG Securities.

Esther joined IG Wealth Management in 1990 and has held progressive leadership roles across Western Canada, earning distinctions including the Master Director Award. She is also a recipient of Wealth Professional’s Women of Influence Award and two Heart Truth awards from the Heart & Stroke Foundation.

She holds a Business Administration diploma and the Chartered Financial Planner (CFP), Personal Financial Planner (PFP), and Registered Retirement Consultant (RRC) designations.

Married to Keith Findlay, CPA and proud mother of Jonaus and Noah.

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]]> Knowledge Bureau Buzzsprout-19290358 Fri, 05 Jun 2026 15:00:00 -0400 1726 real tax news, Evelyn Jacks, knowledge bureau, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, l 2 8 full false Wealth Transition Planning with Larry Frostiak Wealth Transition Planning with Larry Frostiak Larry Frostiak provides business and tax advice to owner-managed enterprises, including financial and wealth management services to assist clients in building “tax-efficient” business and corporate structures. Larry also specializes in providing clients with estate and trust services. He is a founding partner of Frostiak & Leslie Chartered Professional Accountants Inc. and was elected a fellow of the Manitoba Institute of Chartered Accountants. He holds the FCPA, FCA, CFP, TEP, RWM™, FDFS™ credentials. He is also the bestselling author of Master Your Investment in the Family Business, published by Knowledge Bureau. 

Today we are talking about a very important topic for all families in an aging population – wealth transition planning. It’s more difficult than you may think and older generations – the boomers, the Gen Xers and their adult children – may not be having clear or timely enough discussions. This has personal implications, but also tax implications.    


So let’s unpack this!

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]]> Larry Frostiak provides business and tax advice to owner-managed enterprises, including financial and wealth management services to assist clients in building “tax-efficient” business and corporate structures. Larry also specializes in providing clients with estate and trust services. He is a founding partner of Frostiak & Leslie Chartered Professional Accountants Inc. and was elected a fellow of the Manitoba Institute of Chartered Accountants. He holds the FCPA, FCA, CFP, TEP, RWM™, FDFS™ credentials. He is also the bestselling author of Master Your Investment in the Family Business, published by Knowledge Bureau. 

Today we are talking about a very important topic for all families in an aging population – wealth transition planning. It’s more difficult than you may think and older generations – the boomers, the Gen Xers and their adult children – may not be having clear or timely enough discussions. This has personal implications, but also tax implications.    


So let’s unpack this!

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]]> Buzzsprout-19223547 Fri, 22 May 2026 14:00:00 -0400 1704 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 2 7 full false Giving To Charity With Tax Benefits - With Michael Flux Giving To Charity With Tax Benefits - With Michael Flux Michael Flux is a wealth advisor at Connor, Clark and Lunn Private Capital with 23 years of experience working with clients in helping them make strategic philanthropic decisions. He is a CFA, CFP, and an MFA-P. 

·        What are the benefits of philanthropy for you, your clients and the advisors               you work with?

·        Can anyone be a philanthropist? 

·        How do you open your conversation with your clients about philanthropy -               with tax or philanthropic giving? 

·        What are Donor-Advised Funds and why are they so popular?

·        What are other ways to give?

·        People who are more intentional about their giving tend to give more, and               more frequently.  How can giving be better planned and democratized?

·        What does success look like in your view?

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]]> Michael Flux is a wealth advisor at Connor, Clark and Lunn Private Capital with 23 years of experience working with clients in helping them make strategic philanthropic decisions. He is a CFA, CFP, and an MFA-P. 

·        What are the benefits of philanthropy for you, your clients and the advisors               you work with?

·        Can anyone be a philanthropist? 

·        How do you open your conversation with your clients about philanthropy -               with tax or philanthropic giving? 

·        What are Donor-Advised Funds and why are they so popular?

·        What are other ways to give?

·        People who are more intentional about their giving tend to give more, and               more frequently.  How can giving be better planned and democratized?

·        What does success look like in your view?

Make sure to subscribe to the Knowledge Bureau Report!

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]]> Knowledge Bureau Buzzsprout-19183749 Fri, 15 May 2026 16:00:00 -0400 1232 real tax news, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, inve 2 6 full false Master Your Tax Efficient Retirement With Doug Nelson Master Your Tax Efficient Retirement With Doug Nelson The most common question people have when thinking about their retirement is “Will I have enough?” But reframing that question to “How Much is Enough” can help people focus the process of getting to their ideal number and then discover a new chapter that begins with “What is the Purpose of this Wealth? That’s why Mastering Your Retirement early in life is so important. 

If you enjoyed this episode, you'll love the Knowledge Bureau Report - It's free!

Make sure to subscribe at learn.knowledgebureau.com

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]]> The most common question people have when thinking about their retirement is “Will I have enough?” But reframing that question to “How Much is Enough” can help people focus the process of getting to their ideal number and then discover a new chapter that begins with “What is the Purpose of this Wealth? That’s why Mastering Your Retirement early in life is so important. 

If you enjoyed this episode, you'll love the Knowledge Bureau Report - It's free!

Make sure to subscribe at learn.knowledgebureau.com

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-19110993 Fri, 08 May 2026 09:00:00 -0400 1688 real tax news, Evelyn Jacks, knowledge bureau, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, l 2 5 full false Tax and the Family Business Time Bomb with Jenifer Bartman Tax and the Family Business Time Bomb with Jenifer Bartman Heading into 2026, there are huge financial concerns for Canadian family small business owners:  persistent cost pressures, a shifting political and economic landscape, and the urgent need for leadership transition.

Some would say, in the negative that Canada risks losing control over its economy if the transition of small businesses “the silver tsunami” doesn’t go well.  Some would call it a succession crisis with over $2 Trillion in business assets at risk over the next decade.  

·        What are the key risks of these external environment factors?

·        Are there opportunities?

·        What are some of the key areas that business leaders should be focusing on?

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]]> Heading into 2026, there are huge financial concerns for Canadian family small business owners:  persistent cost pressures, a shifting political and economic landscape, and the urgent need for leadership transition.

Some would say, in the negative that Canada risks losing control over its economy if the transition of small businesses “the silver tsunami” doesn’t go well.  Some would call it a succession crisis with over $2 Trillion in business assets at risk over the next decade.  

·        What are the key risks of these external environment factors?

·        Are there opportunities?

·        What are some of the key areas that business leaders should be focusing on?

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-19071660 Fri, 24 Apr 2026 12:00:00 -0400 1556 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 2 4 full false Big Bang Tax Reform with Dr. Jack Mintz Big Bang Tax Reform with Dr. Jack Mintz Don’t you think it’s time for a major tax reform to remove economically damaging high marginal tax rates on middle and upper income earners?  Raise your awareness about the powerful tax policies that could raise your standards of living. 

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]]> Don’t you think it’s time for a major tax reform to remove economically damaging high marginal tax rates on middle and upper income earners?  Raise your awareness about the powerful tax policies that could raise your standards of living. 

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-19033010 Fri, 17 Apr 2026 14:00:00 -0400 1658 real tax news, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, inve 2 3 full false The Capital Gains Tax Incentive with Kim Moody The Capital Gains Tax Incentive with Kim Moody Building personal wealth allows people to better manage financial risks, pursue career opportunities and achieve a higher standard of living.  Investing to earn capital gains can accelerate the process.  Catch the Real Tax News about the capital gains tax incentive that savvy investors are tapping into with Evelyn Jacks and special guest Kim Moody, who will decipher some of the tax jargon and the big benefits. 



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]]> Building personal wealth allows people to better manage financial risks, pursue career opportunities and achieve a higher standard of living.  Investing to earn capital gains can accelerate the process.  Catch the Real Tax News about the capital gains tax incentive that savvy investors are tapping into with Evelyn Jacks and special guest Kim Moody, who will decipher some of the tax jargon and the big benefits. 



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]]> Knowledge Bureau Buzzsprout-19016825 Tue, 14 Apr 2026 17:00:00 -0400 1570 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 2 2 full false Tax Filing is Really About Retirement Readiness with Evelyn Jacks Tax Filing is Really About Retirement Readiness with Evelyn Jacks It’s complex; tax filing that is. But it’s the ticket to your retirement readiness. From 18 to 78 and beyond.  

Learn how to pay it forward: strong starts in investing is about taking back the power to build your after tax wealth in retirement! And, if you think the Canada Pension Plan will do it for you. . .think again!  

Learn how to do more for your financial peace of mind. There’s lots of fun tax facts in this issue as well! 

Take a listen. Then find out more about Canadian Tax Filing Fundamentals at learn.knowledgebureau.com/startercourse

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]]> It’s complex; tax filing that is. But it’s the ticket to your retirement readiness. From 18 to 78 and beyond.  

Learn how to pay it forward: strong starts in investing is about taking back the power to build your after tax wealth in retirement! And, if you think the Canada Pension Plan will do it for you. . .think again!  

Learn how to do more for your financial peace of mind. There’s lots of fun tax facts in this issue as well! 

Take a listen. Then find out more about Canadian Tax Filing Fundamentals at learn.knowledgebureau.com/startercourse

learn.knowledgebureau.com

]]> https://learn.knowledgebureau.com/ Knowledge Bureau Buzzsprout-18789037 Mon, 09 Mar 2026 10:00:00 -0400 1346 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 2 1 full false Real Tax News - Episode 20 - Off Season Dates with the Tax Man Real Tax News - Episode 20 - Off Season Dates with the Tax Man In this week's episode we discuss:

Deadlines and Dates with CRA Post April 30

 New Tax Benefit Year Starts July 1

 Do You Need to File a TFSA Return?

 Back to School on the RESP

 Are You Missing Out on the Canada Learning Bond?

 Finding Mid-Year Gold:  Adjust Prior Filed Returns

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]]> In this week's episode we discuss:

Deadlines and Dates with CRA Post April 30

 New Tax Benefit Year Starts July 1

 Do You Need to File a TFSA Return?

 Back to School on the RESP

 Are You Missing Out on the Canada Learning Bond?

 Finding Mid-Year Gold:  Adjust Prior Filed Returns

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-17404269 Fri, 27 Jun 2025 15:00:00 -0400 1093 real tax news, Evelyn Jacks, knowledge bureau, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, l 1 20 full false Real Tax News - Episode 19 - Lost Tax Records, Natural Disasters and Model Tax Filers Real Tax News - Episode 19 - Lost Tax Records, Natural Disasters and Model Tax Filers In this week's episode we discuss:

What to do if your Tax Records are Lost

 Why Signing Up for MyAccount with CRA is so important 

 Take Back What is Yours:  Recover Forgotten Money at CRA

 Travellers:  Why Digitizing your Records Makes Good Sense

 Valid Reasons for Hard Copy

 The Model Taxfiling Citizen – There are Advantages 

 How to Get Your 2025 Refund Every Two Weeks Instead

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]]> In this week's episode we discuss:

What to do if your Tax Records are Lost

 Why Signing Up for MyAccount with CRA is so important 

 Take Back What is Yours:  Recover Forgotten Money at CRA

 Travellers:  Why Digitizing your Records Makes Good Sense

 Valid Reasons for Hard Copy

 The Model Taxfiling Citizen – There are Advantages 

 How to Get Your 2025 Refund Every Two Weeks Instead

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-17370091 Tue, 24 Jun 2025 10:00:00 -0400 1081 real tax news, Evelyn Jacks, knowledge bureau, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, l 1 19 full false Real Tax News - Episode 18 - Elbows Up for Canada’s Small Business Owners Real Tax News - Episode 18 - Elbows Up for Canada’s Small Business Owners In this week's episode we discuss:

  1. Why Canada’s SMEs are in a Funk
  2. Canada’s High Compliance Rates with CRA
  3. Open for Business – A Big Opportunity, A New Way of Thinking
  4. Mobility:  A New Strategy for Labor, Students, Apprenticeship, Mentorship
  5. SMEs - Canada’s Unpaid Tax Collectors
  6. Uber-Complexity:  The Intergenerational Business Transfer Rules
  7. New CRA Communications Protocols:  Digital and on Paper
  8. The Devastating Wildfires:  Taxpayer Relief Provisions 

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]]> In this week's episode we discuss:

  1. Why Canada’s SMEs are in a Funk
  2. Canada’s High Compliance Rates with CRA
  3. Open for Business – A Big Opportunity, A New Way of Thinking
  4. Mobility:  A New Strategy for Labor, Students, Apprenticeship, Mentorship
  5. SMEs - Canada’s Unpaid Tax Collectors
  6. Uber-Complexity:  The Intergenerational Business Transfer Rules
  7. New CRA Communications Protocols:  Digital and on Paper
  8. The Devastating Wildfires:  Taxpayer Relief Provisions 

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-17275217 Mon, 09 Jun 2025 14:00:00 -0400 1114 real tax news, Evelyn Jacks, knowledge bureau, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, l 1 18 full false Real Tax News - Episode #17 - The Global Economy – Pivots at a Precarious Moment Real Tax News - Episode #17 - The Global Economy – Pivots at a Precarious Moment In this week's episode:

Growth Forecast – The News is Stark

The Deficit Drag – On Economic Growth, Pocketbooks

Why Spur Revenue Growth: Minimize Unemployment, Increase Income and Wealth

The Pivots:  Interprovincial Opportunities, Social Safety Nets, Entrepreneurship

A new Relationship with the CRA for Business Start ups

Managing Your Biggest Wealth Eroder - Taxes 

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]]> In this week's episode:

Growth Forecast – The News is Stark

The Deficit Drag – On Economic Growth, Pocketbooks

Why Spur Revenue Growth: Minimize Unemployment, Increase Income and Wealth

The Pivots:  Interprovincial Opportunities, Social Safety Nets, Entrepreneurship

A new Relationship with the CRA for Business Start ups

Managing Your Biggest Wealth Eroder - Taxes 

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-17236138 Fri, 30 May 2025 13:00:00 -0400 1138 real tax news, Evelyn Jacks, knowledge bureau, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, 1 17 full false Real Tax News - Episode #16 - Get Your Tax Ticket: Canadian Dental Care Plan and More Real Tax News - Episode #16 - Get Your Tax Ticket: Canadian Dental Care Plan and More In this week's episode we discuss:

Get Your Tax Ticket: The New Canadian Dental Care Plan and More

Get Your Ticket: File a Tax Return

Who Qualifies for the New Canadian Dental Care Plan?

What does an RRSP have to do with it?

Procrastinators: Your Missing Out on More Than a Tax Refund

Late Filers: What to do if you can’t pay CRA

Find a Qualified Tax Pro to Help – Or take an online Starter Course

Consider a high value, highly rewarding career in Tax Preparation

Why online professional courses from Knowledge Bureau can help

Coming soon: June tax filing deadlines for Proprietors

What are you doing with your Tax Refund? Leverage it for Your Financial Freedom


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]]> In this week's episode we discuss:

Get Your Tax Ticket: The New Canadian Dental Care Plan and More

Get Your Ticket: File a Tax Return

Who Qualifies for the New Canadian Dental Care Plan?

What does an RRSP have to do with it?

Procrastinators: Your Missing Out on More Than a Tax Refund

Late Filers: What to do if you can’t pay CRA

Find a Qualified Tax Pro to Help – Or take an online Starter Course

Consider a high value, highly rewarding career in Tax Preparation

Why online professional courses from Knowledge Bureau can help

Coming soon: June tax filing deadlines for Proprietors

What are you doing with your Tax Refund? Leverage it for Your Financial Freedom


learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-17204557 Mon, 26 May 2025 15:00:00 -0400 1080 real tax news, Evelyn Jacks, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, 1 16 full false Real Tax News - Episode #15 - Tax Twists: Sin Taxes, Barter Income and Tax Credits for Family Heirlooms Real Tax News - Episode #15 - Tax Twists: Sin Taxes, Barter Income and Tax Credits for Family Heirlooms In this week's episode we discuss:

  • Is Income Earned Illegally Reportable? 
  • Sin Taxes and The Underground Economy
  • Refile Your Return to Avoid Gross Negligence or Tax Evasion Penalties
  • Get Tax Advice: Expect a Thorough Interview to Optimize and Protect
  • The Hudson’s Bay Company, Family Heirlooms and a Little Known Tax Tip
  • Managing to Save Taxes for the Future: Have a Strategy and a Process

Subscribe to Knowledge Bureau Report for more great valuable resources!

Gen Z: They Need Tax & Financial Services, Too - Knowledge Bureau

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]]> In this week's episode we discuss:

  • Is Income Earned Illegally Reportable? 
  • Sin Taxes and The Underground Economy
  • Refile Your Return to Avoid Gross Negligence or Tax Evasion Penalties
  • Get Tax Advice: Expect a Thorough Interview to Optimize and Protect
  • The Hudson’s Bay Company, Family Heirlooms and a Little Known Tax Tip
  • Managing to Save Taxes for the Future: Have a Strategy and a Process

Subscribe to Knowledge Bureau Report for more great valuable resources!

Gen Z: They Need Tax & Financial Services, Too - Knowledge Bureau

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]]> Knowledge Bureau Buzzsprout-17168446 Fri, 16 May 2025 16:00:00 -0400 1040 real tax news, Evelyn Jacks, knowledge bureau, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, l 1 15 full false Real Tax News - Episode #14 - Late Tax Filers Pay Millions, Government Spends Millions Real Tax News - Episode #14 - Late Tax Filers Pay Millions, Government Spends Millions In this week's episode we discuss:

Late Filers Beware: heavy penalties coming

How much is the average balance due?

After tax season – things you can expect from the tax department

Errors or Omissions? Request an adjustment

Electronic filing – is it really a panacea?

New Government – Big Announcements – Big Deficits

Tax Complexity for New Members of Parliament 

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]]> In this week's episode we discuss:

Late Filers Beware: heavy penalties coming

How much is the average balance due?

After tax season – things you can expect from the tax department

Errors or Omissions? Request an adjustment

Electronic filing – is it really a panacea?

New Government – Big Announcements – Big Deficits

Tax Complexity for New Members of Parliament 

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-17109383 Wed, 07 May 2025 10:00:00 -0400 1102 real tax news, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, inve 1 14 full false Real Tax News - Episode #13 - Leverage Tax Rebates and Refunds Real Tax News - Episode #13 - Leverage Tax Rebates and Refunds In this week's episode we discuss:

The Last Carbon Tax Rebate - What to do with the Windfall

Options for Reinvesting Rebates and Refunds

How Your Age and Net Income Affects Investment Choices

Good Debt vs Bad Debt – What’s Your Order? 

Government Debt – Who Pays and Why it Matters

Economic Growth Helps – Discussions for Taxpayers and their MPs

What is Brain Drain?

Medical Expenses – Who Should Claim Them?

What Medical Expenses are You Missing?

Claiming the Disability Tax Credit

The Burden of Proof & Self-Assessment 

Adjusting Returns for Missed Tax Breaks

learn.knowledgebureau.com

]]> In this week's episode we discuss:

The Last Carbon Tax Rebate - What to do with the Windfall

Options for Reinvesting Rebates and Refunds

How Your Age and Net Income Affects Investment Choices

Good Debt vs Bad Debt – What’s Your Order? 

Government Debt – Who Pays and Why it Matters

Economic Growth Helps – Discussions for Taxpayers and their MPs

What is Brain Drain?

Medical Expenses – Who Should Claim Them?

What Medical Expenses are You Missing?

Claiming the Disability Tax Credit

The Burden of Proof & Self-Assessment 

Adjusting Returns for Missed Tax Breaks

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-17066656 Wed, 30 Apr 2025 11:00:00 -0400 1126 real tax news, financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, inve 1 13 full false Real Tax News - Episode #12 - Tips and Traps in Filing Your Own Tax Return Real Tax News - Episode #12 - Tips and Traps in Filing Your Own Tax Return In this week's episode we discuss:

Should you file your own tax return?

What are the issues to watch for when using tax software?

Driving your tax software  - why learning about tax filing rules is a great investment

Often missed medical expenses software can’t know about

Tax avenues designed for young people to build wealth

Opportunities for home ownership – innovative investment options

Preparing for the Homeownership “burn rate” – how to plan to managing the costs

learn.knowledgebureau.com

]]> In this week's episode we discuss:

Should you file your own tax return?

What are the issues to watch for when using tax software?

Driving your tax software  - why learning about tax filing rules is a great investment

Often missed medical expenses software can’t know about

Tax avenues designed for young people to build wealth

Opportunities for home ownership – innovative investment options

Preparing for the Homeownership “burn rate” – how to plan to managing the costs

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-16997602 Thu, 24 Apr 2025 14:00:00 -0400 1214 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 1 12 full false Real Tax News - Episode #11 - The Link Between Elections, GDP, and Taxes Real Tax News - Episode #11 - The Link Between Elections, GDP, and Taxes In this week's episode we discuss: 

Interviewing Your MPs – Pre and Post Election

The Link Between GDP and Taxes

What is a Recession? Why do we need to know? How do we prepare for It?

Are Canadians good at making a financial pivot?

What to do when there is job loss or change?  

How to upskill for a new economy and weather unemployment threats?

Small business start-ups – things to know to increase success rates

Things to think about when a business closes down

learn.knowledgebureau.com

]]> In this week's episode we discuss: 

Interviewing Your MPs – Pre and Post Election

The Link Between GDP and Taxes

What is a Recession? Why do we need to know? How do we prepare for It?

Are Canadians good at making a financial pivot?

What to do when there is job loss or change?  

How to upskill for a new economy and weather unemployment threats?

Small business start-ups – things to know to increase success rates

Things to think about when a business closes down

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-16983301 Sun, 20 Apr 2025 23:00:00 -0400 992 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 1 11 full false Real Tax News - Episode #10 - Raising the Professional Bar – At CRA and Across Planning Teams Real Tax News - Episode #10 - Raising the Professional Bar – At CRA and Across Planning Teams In this week's Episode:

- Recent economic issues, including difficulties with CRA service levels.

- Stagnant Old Age Security benefits despite inflation.

- The impact of tariffs on investments. 

- Exploring tax relief options for those experiencing investment losses. 

- Tax Planning and Investment Strategies

learn.knowledgebureau.com

]]> In this week's Episode:

- Recent economic issues, including difficulties with CRA service levels.

- Stagnant Old Age Security benefits despite inflation.

- The impact of tariffs on investments. 

- Exploring tax relief options for those experiencing investment losses. 

- Tax Planning and Investment Strategies

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-16913003 Fri, 11 Apr 2025 12:00:00 -0400 1114 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 1 10 full false Real Tax News - Episode #9 - New Tax Filing Deadlines Real Tax News - Episode #9 - New Tax Filing Deadlines In this episode of Real Tax News we discuss:

- The upcoming tax filing season 

- The growth of the tax preparation industry in Canada 

- The complexity of the Canadian tax system.  

- Carbon taxes

- Government checks

 - The impact of the capital gains inclusion rate increase on individuals 

Lastly, we discuss the upcoming "goodie check" from the Federal Government, the potential impact of tariffs on the Canadian economy, and the need for tax harmonization across the nation. 

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> In this episode of Real Tax News we discuss:

- The upcoming tax filing season 

- The growth of the tax preparation industry in Canada 

- The complexity of the Canadian tax system.  

- Carbon taxes

- Government checks

 - The impact of the capital gains inclusion rate increase on individuals 

Lastly, we discuss the upcoming "goodie check" from the Federal Government, the potential impact of tariffs on the Canadian economy, and the need for tax harmonization across the nation. 

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-16871836 Wed, 02 Apr 2025 14:00:00 -0400 1094 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 1 9 full false Real Tax News - Episode #8 - GDP and Economic Growth Real Tax News - Episode #8 - GDP and Economic Growth In this episode of Real Tax News:

- Evelyn Jacks explains the importance of economic growth in Canada. 

- What is GDP and why does it matter? 

- Why isn't economic growth highlighted more in our mainstream media and why don't we hear more about it from the various levels of government? 

Listen now and don't forget to subscribe to the Knowledge Bureau Report at knowledgebureau.com for all the latest tax and economic news.

How to Interact with Us:

 Sign Up for Knowledge Bureau Report at knowledgebureau.com

 Participate in our monthly opinion polls.

 Call us at 1-866-953-4769 to preview certificate online courses in tax preparation, accounting, small business management and financial planning.

 Don’t Forget to Share Real Tax News with Your Friends!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> In this episode of Real Tax News:

- Evelyn Jacks explains the importance of economic growth in Canada. 

- What is GDP and why does it matter? 

- Why isn't economic growth highlighted more in our mainstream media and why don't we hear more about it from the various levels of government? 

Listen now and don't forget to subscribe to the Knowledge Bureau Report at knowledgebureau.com for all the latest tax and economic news.

How to Interact with Us:

 Sign Up for Knowledge Bureau Report at knowledgebureau.com

 Participate in our monthly opinion polls.

 Call us at 1-866-953-4769 to preview certificate online courses in tax preparation, accounting, small business management and financial planning.

 Don’t Forget to Share Real Tax News with Your Friends!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-16808064 Tue, 25 Mar 2025 11:00:00 -0400 1012 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 1 8 full false Real Tax News - Episode #7 - Capital Gains Chaos is Back Real Tax News - Episode #7 - Capital Gains Chaos is Back In this episode, we discuss:

- Canadian Tax Policy Updates

- Tax Filing Season Chaos Continues

- Bank of Canada's Interest Rate Decision

- Projected 70 Billion Dollars Impact

- Election Transparency 

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> In this episode, we discuss:

- Canadian Tax Policy Updates

- Tax Filing Season Chaos Continues

- Bank of Canada's Interest Rate Decision

- Projected 70 Billion Dollars Impact

- Election Transparency 

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-16793067 Tue, 18 Mar 2025 11:00:00 -0400 1138 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 1 7 full false Real Tax News - Episode #6 - Tariffs and Taxes: What Matters is What You Keep Real Tax News - Episode #6 - Tariffs and Taxes: What Matters is What You Keep In uncertain tax and economic times like these, what decisions do Canadians have to make about their finances? What can be done to shore up threats to income and wealth accumulations? What should be done and by whom? What matters?   

It’s not one-size fits all - take a multi-stakeholder and a multi-advisory approach

Do a Deep Dive – a Thorough Financial Assessment

How to Control The Wealth Eroders: Taxes, Inflation and Fees

The Budgets: Federal and Provincial

Evelyn discusses financial advice for Canadians in uncertain economic times. She emphasizes focusing on what one can control: taxes, inflation, and fees. Evelyn recommends conducting a thorough financial assessment, including creating a net worth statement and reviewing tax returns. She advises on using tax refunds wisely and highlights the importance of considering capital gains tax changes before the end of 2025. Evelyn stresses the value of professional advice for long-term financial planning and discusses the challenges with Canada Revenue Agency's service levels. She also mentions recent provincial budget trends, noting tax relief measures in Alberta and Nova Scotia.

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> In uncertain tax and economic times like these, what decisions do Canadians have to make about their finances? What can be done to shore up threats to income and wealth accumulations? What should be done and by whom? What matters?   

It’s not one-size fits all - take a multi-stakeholder and a multi-advisory approach

Do a Deep Dive – a Thorough Financial Assessment

How to Control The Wealth Eroders: Taxes, Inflation and Fees

The Budgets: Federal and Provincial

Evelyn discusses financial advice for Canadians in uncertain economic times. She emphasizes focusing on what one can control: taxes, inflation, and fees. Evelyn recommends conducting a thorough financial assessment, including creating a net worth statement and reviewing tax returns. She advises on using tax refunds wisely and highlights the importance of considering capital gains tax changes before the end of 2025. Evelyn stresses the value of professional advice for long-term financial planning and discusses the challenges with Canada Revenue Agency's service levels. She also mentions recent provincial budget trends, noting tax relief measures in Alberta and Nova Scotia.

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-16746299 Tue, 11 Mar 2025 11:00:00 -0400 1112 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 1 6 full false Real Tax News - Episode #5 - Filing 2024 Tax Returns Real Tax News - Episode #5 - Filing 2024 Tax Returns In this week's episode we discuss:

- Important Tax Filing Deadlines

- Reviewing T4 Slips: Why Filing Too Early Can Result in Penalties

- Who Should Be Paying Quarterly Tax Instalments?

- Maximizing RRSP, TFSA, FHSA Investments: What Comes First?

- Leveraging Your Tax Refund: How Much Should You Set Aside?

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Learn more here:

Canada's Income Tax Fundamentals Course

DMA - Personal Tax Services Specialist

Sound production and editing by Classic Jax Studios 


learn.knowledgebureau.com

]]> In this week's episode we discuss:

- Important Tax Filing Deadlines

- Reviewing T4 Slips: Why Filing Too Early Can Result in Penalties

- Who Should Be Paying Quarterly Tax Instalments?

- Maximizing RRSP, TFSA, FHSA Investments: What Comes First?

- Leveraging Your Tax Refund: How Much Should You Set Aside?

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Learn more here:

Canada's Income Tax Fundamentals Course

DMA - Personal Tax Services Specialist

Sound production and editing by Classic Jax Studios 


learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-16712448 Tue, 04 Mar 2025 15:00:00 -0500 1174 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 1 5 full false Real Tax News - Episode #4 - Use Your Power: Pre-Budget Consultations Real Tax News - Episode #4 - Use Your Power: Pre-Budget Consultations In this week's episode, we discuss:

- Federal government's budget consultation process.

- How can we access these consultations?

- What should we expect from our government?

- What options do seniors or those with disabilities have?

- Medical expense claims.

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> In this week's episode, we discuss:

- Federal government's budget consultation process.

- How can we access these consultations?

- What should we expect from our government?

- What options do seniors or those with disabilities have?

- Medical expense claims.

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-16691678 Fri, 28 Feb 2025 13:00:00 -0500 1202 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 1 4 full false Real Tax News - Episode #3 - Begin Your Wealth Journey Real Tax News - Episode #3 - Begin Your Wealth Journey This week on Real Tax News find out 

  • Why filing a tax return can be the most important financial transaction of the year for some families, 
  • How to begin your wealth journey with your tax refund 
  • Bonus:  How to avoid the anti-flipping tax when you sell your home

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> This week on Real Tax News find out 

  • Why filing a tax return can be the most important financial transaction of the year for some families, 
  • How to begin your wealth journey with your tax refund 
  • Bonus:  How to avoid the anti-flipping tax when you sell your home

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-16643995 Thu, 20 Feb 2025 14:00:00 -0500 1168 financial news, financial literacy, education, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, accountants, advisors, finances, wealth, credits, courses, tax tips, Canadian taxes, tax professionals, tax prep, investments, saving 1 3 full false Real Tax News - Episode #2 - Canada Carbon Rebate Confusion for Small Biz Real Tax News - Episode #2 - Canada Carbon Rebate Confusion for Small Biz Is it taxable or not?  Find out why CRA says yes – even though the Finance Minister said no.  PLUS – Understanding the Burden of Proof. 

In this week's episode we discuss Capital Gains taxes in Canada and the latest changes that will affect taxpayers. 

Learn how to navigate times of uncertainty and how to pay as little taxes as possible.

If you are a resident of Canada, you must file a tax return. Most Canadians overpay each year. Discover tax tips to file audit proof tax returns, avoid penalties, and make sure you are reporting properly. 

Understand when you have to file and when you want to file.

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> Is it taxable or not?  Find out why CRA says yes – even though the Finance Minister said no.  PLUS – Understanding the Burden of Proof. 

In this week's episode we discuss Capital Gains taxes in Canada and the latest changes that will affect taxpayers. 

Learn how to navigate times of uncertainty and how to pay as little taxes as possible.

If you are a resident of Canada, you must file a tax return. Most Canadians overpay each year. Discover tax tips to file audit proof tax returns, avoid penalties, and make sure you are reporting properly. 

Understand when you have to file and when you want to file.

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-16596339 Thu, 13 Feb 2025 17:00:00 -0500 1082 Canada, Canadian, taxes, capital gains, deductions, taxpayer, rebate, finance, law, government, income, small business 1 2 full false Real Tax News - Episode #1 - Capital Gains Chaos Gets a Reprieve Real Tax News - Episode #1 - Capital Gains Chaos Gets a Reprieve Knowledge Bureau Report Podcast

With bestselling tax author Evelyn Jacks and host Geoff Currier

Real Tax News People Need To Know  

Episode #1  

It’s been quite the journey for taxpayers who own assets like cottages and businesses.  In this first episode of Real Tax News find out the latest PLUS the Definition of True Wealth.

In this episode of the Knowledge Bureau Report, we dive into essential information that can significantly affect how Canadians approach their tax returns. One of the overarching themes of this episode is the growing complexity of the Canadian tax system. With Evelyn Jacks, a leading expert in Canadian taxes, we explore the profound changes that have taken place over the decades, making tax filing an increasingly daunting task for many. It’s crucial for both taxpayers and tax professionals to stay abreast of these changes in the Tax Act, as this directly influences the advice they offer and the returns that are filed. In particular, we discuss practical strategies for tax mitigation and the importance of understanding both refundable and non-refundable tax credits, which are often overlooked.

The episode touches on how the tax form’s length has doubled over the years, now housing more schedules and aggravating the complexities of tax filing. Evelyn emphasizes how this intricate landscape requires diligent tax planning to ensure individuals maximize their potential refunds while also managing their tax burdens effectively. Failing to recognize available tax credits can mean leaving significant amounts of money on the table. Taxpayers must understand how to leverage credits and deductions related to medical expenses, child care, and charitable donations to ensure they’re benefiting from everything the tax system has to offer.

Moreover, we discuss the recent changes regarding charitable donations. The Government of Canada has extended the donation deadline to February 28th for specific cash donations, allowing more time for Canadians to contribute to charities. This extension is particularly relevant in light of recent postal disruptions which hindered charities' abilities to reach donors. Evelyn stresses the importance of this extension, given that it doesn’t apply to gifts in kind, such as food or furniture donations. Hence, it urges listeners to contribute generously before the new deadline to help their chosen causes.

The podcast doesn’t shy away from more contentious topics either, like the recent capital gains inclusion rate hike that was proposed but has been postponed until January 1, 2026. This incited considerable confusion, particularly as there are uncertainties regarding its legislative approval. Taxpayers must remain informed about these adjustments, especially when significant financial transactions occur, and understanding these nuances could mean substantial savings.

Finally, we delve into the implications of the carbon tax on small businesses. As carbon pricing continues to evolve amidst political uncertainty, small businesses must grasp how this affects their tax obligations. With new legislative changes in how carbon rebates are administered, it remains essential to translate acronyms and policy language into actionable insights that small business owners can utilize effectively.

If you want to take charge of your tax experiences, visit Knowledge Bureau for educational opportunities. 

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> Knowledge Bureau Report Podcast

With bestselling tax author Evelyn Jacks and host Geoff Currier

Real Tax News People Need To Know  

Episode #1  

It’s been quite the journey for taxpayers who own assets like cottages and businesses.  In this first episode of Real Tax News find out the latest PLUS the Definition of True Wealth.

In this episode of the Knowledge Bureau Report, we dive into essential information that can significantly affect how Canadians approach their tax returns. One of the overarching themes of this episode is the growing complexity of the Canadian tax system. With Evelyn Jacks, a leading expert in Canadian taxes, we explore the profound changes that have taken place over the decades, making tax filing an increasingly daunting task for many. It’s crucial for both taxpayers and tax professionals to stay abreast of these changes in the Tax Act, as this directly influences the advice they offer and the returns that are filed. In particular, we discuss practical strategies for tax mitigation and the importance of understanding both refundable and non-refundable tax credits, which are often overlooked.

The episode touches on how the tax form’s length has doubled over the years, now housing more schedules and aggravating the complexities of tax filing. Evelyn emphasizes how this intricate landscape requires diligent tax planning to ensure individuals maximize their potential refunds while also managing their tax burdens effectively. Failing to recognize available tax credits can mean leaving significant amounts of money on the table. Taxpayers must understand how to leverage credits and deductions related to medical expenses, child care, and charitable donations to ensure they’re benefiting from everything the tax system has to offer.

Moreover, we discuss the recent changes regarding charitable donations. The Government of Canada has extended the donation deadline to February 28th for specific cash donations, allowing more time for Canadians to contribute to charities. This extension is particularly relevant in light of recent postal disruptions which hindered charities' abilities to reach donors. Evelyn stresses the importance of this extension, given that it doesn’t apply to gifts in kind, such as food or furniture donations. Hence, it urges listeners to contribute generously before the new deadline to help their chosen causes.

The podcast doesn’t shy away from more contentious topics either, like the recent capital gains inclusion rate hike that was proposed but has been postponed until January 1, 2026. This incited considerable confusion, particularly as there are uncertainties regarding its legislative approval. Taxpayers must remain informed about these adjustments, especially when significant financial transactions occur, and understanding these nuances could mean substantial savings.

Finally, we delve into the implications of the carbon tax on small businesses. As carbon pricing continues to evolve amidst political uncertainty, small businesses must grasp how this affects their tax obligations. With new legislative changes in how carbon rebates are administered, it remains essential to translate acronyms and policy language into actionable insights that small business owners can utilize effectively.

If you want to take charge of your tax experiences, visit Knowledge Bureau for educational opportunities. 

Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!

Sound production and editing by Classic Jax Studios 

learn.knowledgebureau.com

]]> Knowledge Bureau Buzzsprout-16570062 Mon, 10 Feb 2025 16:00:00 -0500 1273 financial news, financial literacy, finance, Canada, Canadian, tax, taxes, knowledge, continuing education, accounting, business, advisors, 1 1 full false