Real Tax News You Can Use with Evelyn Jacks

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

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

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. learn.knowledgebureau.com

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/startercourselearn.knowledgebureau.com

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 Returnslearn.knowledgebureau.com

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 Insteadlearn.knowledgebureau.com

In this week's episode we discuss:Why Canada’s SMEs are in a FunkCanada’s High Compliance Rates with CRAOpen for Business – A Big Opportunity, A New Way of ThinkingMobility:  A New Strategy for Labor, Students, Apprenticeship, MentorshipSMEs - Canada’s Unpaid Tax CollectorsUber-Complexity:  The Intergenerational Business Transfer RulesNew CRA Communications Protocols:  Digital and on PaperThe Devastating Wildfires:  Taxpayer Relief Provisions learn.knowledgebureau.com

In this week's episode:Growth Forecast – The News is StarkThe Deficit Drag – On Economic Growth, PocketbooksWhy Spur Revenue Growth: Minimize Unemployment, Increase Income and WealthThe Pivots:  Interprovincial Opportunities, Social Safety Nets, EntrepreneurshipA new Relationship with the CRA for Business Start upsManaging Your Biggest Wealth Eroder - Taxes learn.knowledgebureau.com

In this week's episode we discuss:Get Your Tax Ticket: The New Canadian Dental Care Plan and MoreGet Your Ticket: File a Tax ReturnWho 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 RefundLate Filers: What to do if you can’t pay CRAFind a Qualified Tax Pro to Help – Or take an online Starter CourseConsider a high value, highly rewarding career in Tax PreparationWhy online professional courses from Knowledge Bureau can helpComing soon: June tax filing deadlines for ProprietorsWhat are you doing with your Tax Refund? Leverage it for Your Financial Freedomlearn.knowledgebureau.com

In this week's episode we discuss:Is Income Earned Illegally Reportable? Sin Taxes and The Underground EconomyRefile Your Return to Avoid Gross Negligence or Tax Evasion PenaltiesGet Tax Advice: Expect a Thorough Interview to Optimize and ProtectThe Hudson’s Bay Company, Family Heirlooms and a Little Known Tax TipManaging to Save Taxes for the Future: Have a Strategy and a ProcessSubscribe to Knowledge Bureau Report for more great valuable resources!Gen Z: They Need Tax & Financial Services, Too - Knowledge Bureaulearn.knowledgebureau.com

In this week's episode we discuss:Late Filers Beware: heavy penalties comingHow much is the average balance due?After tax season – things you can expect from the tax departmentErrors or Omissions? Request an adjustmentElectronic filing – is it really a panacea?New Government – Big Announcements – Big DeficitsTax Complexity for New Members of Parliament learn.knowledgebureau.com

In this week's episode we discuss:The Last Carbon Tax Rebate - What to do with the WindfallOptions for Reinvesting Rebates and RefundsHow Your Age and Net Income Affects Investment ChoicesGood Debt vs Bad Debt – What’s Your Order? Government Debt – Who Pays and Why it MattersEconomic Growth Helps – Discussions for Taxpayers and their MPsWhat is Brain Drain?Medical Expenses – Who Should Claim Them?What Medical Expenses are You Missing?Claiming the Disability Tax CreditThe Burden of Proof & Self-Assessment Adjusting Returns for Missed Tax Breakslearn.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 investmentOften missed medical expenses software can’t know aboutTax avenues designed for young people to build wealthOpportunities for home ownership – innovative investment optionsPreparing for the Homeownership “burn rate” – how to plan to managing the costslearn.knowledgebureau.com

In this week's episode we discuss: Interviewing Your MPs – Pre and Post ElectionThe Link Between GDP and TaxesWhat 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 ratesThings to think about when a business closes downlearn.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 Strategieslearn.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

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, 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 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 approachDo a Deep Dive – a Thorough Financial AssessmentHow to Control The Wealth Eroders: Taxes, Inflation and FeesThe Budgets: Federal and ProvincialEvelyn 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 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 CourseDMA - Personal Tax Services SpecialistSound 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

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 homeSign 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 Report PodcastWith bestselling tax author Evelyn Jacks and host Geoff CurrierReal 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