Real Tax News You Can Use with Evelyn Jacks

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Real Tax News - People Need to Know     Interpreting financial news you can use! An entertaining "deep dive" on the latest tax and economic matters with Canada's award winning business educator, Evelyn Jacks and Friends; people with experience, expertise and a passion for sharing their knowledge with you.   Brought to you by Knowledge Bureau, a national certified post-secondary institution which provides world class tax and financial education to individuals, professionals and workplaces, available online, 24/7, and in the comfort and convenience of your home or office. Our esteemed graduates earn certificates, diplomas and designations to help people in their communities achieve Financial Peace of Mind. Knowledge Bureau was established in 2003 by Evelyn Jacks, an award-winning entrepreneur and financial educator and best-selling tax and financial author of 55 books.  Visit us at learn.knowledgebureau.com or give us a call toll free for a personal educational consultation 1-866-953-4769. 

  1. 2d ago

    Why Working With A Financial Planner Matters with Alexandra Macqueen, CFP

    Earlier this year, Statistics Canada published a report titled Stretching the Loonie: a time series analysis of financial difficulty and quality of life. The report is based on a nation-wide survey and the results are concerning. They reveal a serious trend and it is possible this is contributing to the late filing trend we saw this past tax season.  What sticks out is lots of people had to pay more to CRA: Over $8000, although, the government has not been precise here for the second year in a row. This is where astute tax and financial advisors and their work as proactive, empathetic coaches comes in. From 2021 to 2025 the percentage of Canadians who report experiencing financial difficulty rose by 4.8 points each year: 39% of Canadians aged 15 and older report financial difficulty. In 2019, that figure was 19%. The stark reality of more than double the figure of just 7 years ago tells us that something has gone very wrong. Alexandra Macqueen, CFP is responsible for leading the FP Canada Institute™, a division of FP Canada™ dedicated to elevating the practice of financial planning through education. In her role, she oversees the development and ongoing operation of FP Canada’s educational programs for prospective and existing CFP® professionals and QAFP® professionals, ensuring the currency and relevance of education for professional financial planners.  Alexandra is a recognized expert in financial planning whose diverse and progressive career has spanned many roles across the profession. She has been certified as a Certified Financial Planner® professional since 2007. She has delivered thousands of hours of industry teaching, including serving as an adjunct faculty member at the Schulich School of Business. She is co-author of several well-known retirement planning books and is a longstanding industry commentator.   Prior to her current role, Alexandra served as Director of Content Development for the FP Canada Institute, where she oversaw the development of content for certificant education programs and FP Canada’s financial planning Body of Knowledge.  learn.knowledgebureau.com

  2. Oct 30

    Critical Anchors For Canada's Economic Resilience with David Wahl

    The US midterm elections are on November 3, 2026. It’s the second year of President’s second term with all 435 seats in the U.S. House of Representatives and 35 of the 100 seats in the U.S. Senate to be contested.   The Republicans currently hold a slim majority in the House and despite the fact that all 435 seats are up for grabs, the lowest number of incumbents running for re-election since records have been kept in 1930. It is possible that both the House and the Senate will tip towards the Democratic side.   So how will markets behave and what should investors be on the lookout for?  According to historical data, markets traditionally don’t perform well just before the midterms. But they tend to rebound thereafter.    The key question this year is whether these familiar patterns will hold true given the global economic volatility experienced in 2026 so far? The war in Iran, for example, is expected to keep global inflationary pressures high.   And that is the key economic issue for voters in the U.S. this year, according to a recent tracking poll by The Economist, ahead of jobs, health care, immigration and taxes. The Consumer Price Index (CPI) year-over-year inflation rate has risen to 3.4 percent from 2.9 percent on Inauguration Day in Jan. 2025 and the blame for this is on the Republicans and the President specifically, who promised to reduce inflation. Meanwhile Real GDP expanded in Canada at a 3.3% annualized pace in the second quarter and the Bank of Canada left its overnight interest rate unchanged at 2.25% for a seventh consecutive meeting, the Bank Rate at 2.5% and the deposit rate at 2.20%. Our economy has shown some resilience in other words, in the face of punishing tariffs.  To better understand what to make of the global investment environment in the midst of chaotic economic events occurring in almost every continent and address the risk factors investors may be concerned about, we have a very learned special guest on the program today.  David Wahl is a Client Portfolio Manager with Franklin Templeton’s investment team ClearBridge Investments. David joined a predecessor organization in 2016 and has close to 30 years of investment industry experience. Prior to this, David was Executive Director, Sales and Marketing at Middlefield Capital Group. He was previously Managing Director, Head of Sales at CIBC Asset Management and National Sales Manager at TD Asset Management. David earned an MBA and a BA in Economics from the University of Western Ontario, Canada. learn.knowledgebureau.com

  3. Oct 23

    Turmoil Busting Portfolios with Brayden Dueck

    The Canada Pension Plan Investment Institute released a study in September of 2026 called Trusted, But Untapped: Canada's Next Competitive Advantage is Investibility.  It’s a fascinating report on investment opportunities in Canada. For example it states that among the eight developed economies surveyed, Canada ranks first for investors’ intentions to maintain or increase their allocations. And that Canada is the market most associated with policy stability and regulatory predictability—which are two top global capital allocation drivers. Apparently Canada is an increasingly attractive investment destination and we certainly saw some of that enthusiasm at Canada’s first Investment Summit which attracted world business leaders.  According to the CPP report, responses from 65 global institutional investors suggest they value Canada’s political stability, regulatory predictability and openness to long-term capital.  They also see opportunity in the sectors that will shape the global economy: energy, infrastructure, critical minerals, digital systems and artificial intelligence.  But behind that incredible new buzz are concerns faced by average investors.   Many retail portfolios held by Canadian investors may have concentrated risks within them and the S&P/TSX Composite Index itself is heavily weighted in certain sectors, like financials and energy for example, which means that if you are heavily invested in Canadian balanced funds, you may often duplicate sector risks rather than getting ready for macro-economic shocks.   In short, you may think your portfolios is well diversified to protect you from what’s to come, but it may not be and for these reasons investors need to ask more questions and get to the heart of the matter: Do I have a Turmoil Busting Portfolio, the topic of our conversation today. Brayden Dueck is responsible for managing client portfolios, and conducting research, analysis, and financial modelling on current and prospective investments. He joined BCV in 2025. Brayden started his career in financial services in 2019 and prior to joining BCV worked as a commodity trader. He earned his Bachelor of Commerce (Honours) majoring in Finance and International Business from the University of Manitoba in 2019 and the Chartered Financial Analyst® designation in 2023. Outside of the office, Brayden is passionate about giving back to the community, serving on the advisory committee for Compost Winnipeg, a social enterprise dedicated to expanding organic waste collection in the city. He also enjoys an active lifestyle, playing golf and hockey.  learn.knowledgebureau.com

  4. Oct 16

    Insurance Planning: New Risks, New Wants, New Directions with Daniel Dessureault and Melanie Zimmerman

    What role does life insurance have in your life and what role should it have? Almost half of Canadians – 42% - don’t have it or are not sure if they do, according to a 2025 survey by PolicyMe and Angus Reid. More significantly, 49% have no plans to purchase any in the next five years. The key reason is affordability: one in three Canadians without coverage (34%) say it’s too expensive, that goes up to 42% among households with children. But lots more don’t think they need it. They don’t understand that life insurance benefits are completely tax exempt and can really shore up an estate, especially if the deceased is young and leaves young children. In a world in which people live paycheque to paycheque, 25% of Canadians aren’t confident their families would be financially secure if they passed away unexpectedly – a huge lack of confidence and peace of mind. The consequences of not having life insurance can be staggering: the loss of the family home, relocation for the family and in severe cases, bankruptcy. At a minimum there would be significant financial trauma. There are Canadians who don’t need any more insurance but want it as part of their estate planning. . . perhaps to help these young families out?   We’ll find out more now.  Daniel Dessureault, is a prolific academic who holds the ASA, CEA, CLU®, CFP®, RWM™, MFA-P™ designations. As a senior member of the PPI Advisory Sales organization, Daniel is responsible for overall sales growth and development in the High Net-Worth market. He manages key Advisor relationships offering tailored, advanced sales support on complex cases and with innovative tools, all to help Advisors develop and grow their practice. Daniel has more than twenty-five years of experience in the insurance and financial services industry in the areas of marketing, national sales and distribution management including senior management roles with some of Canada's largest insurance organizations. Melanie Zimmerman, CPA, CA, TEP, is Vice President, Advisory Planning Services at PPI where she supports advisors on estate and tax planning matters and the delivery of advisor educational sessions. She also maintains PPI’s extensive library of tax and estate planning educational material, including the Professional Resource Centre and the Advisor’s Guide to Life Insurance Taxation, which provide up-to-date and in-depth information for advisors involved in advanced planning.  learn.knowledgebureau.com

  5. Oct 8

    Intergenerational Wealth and Estate Planning with Larry Frostiak

    The more than $1 Trillion wealth transfer has already begun in Canada and many people are leaving some of that money to their children now – they may be helping them buy a home or fund education for grandchildren. Formal estate planning requires some key documentations – a will, a power of attorney and a health care directive for example. You’ll also need to designate an executor. But in addition, there are lots of tax consequences to think about. 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 and a Member of Knowledge Bureau’s Faculty. learn.knowledgebureau.com

  6. Oct 6

    Cross Border Tax Tips With Dr. Dean Smith

    Canadians continued their globetrotting activities in 2025 however, the places they are going to has significantly changed, according to Statistics Canada. Statistics Canada reported that Canadian residents returned from 3.9 million trips abroad in November of 2024. This was up 6.8% from the year before. And about half of these were trips to the United States and most of them – about 70% - were same-day trips.  But things changed in 2025. The number of Canadian-resident return trips from the United States was down 25.0% year over year. In contrast, both the number of Canadian-resident return trips from overseas (+12.9%) and the number of trips to Canada by overseas residents (+14.1%) increased compared with the same month a year earlier. When it comes to Snowbirds, however, there are no precise Canadian government statistics. A 2023 snowbirdadvisor.ca report found, however, that over 85% of snowbirds travel to the U.S., and of those, approximately one-half own their own U.S. real estate. The most popular U.S. winter destinations for Canadians are Florida, Arizona, California, and Texas. But of the newer snowbirds, 25% were looking at other foreign destinations including Portugal, Spain, Costa Rica and Panama. It is also interesting to note that since January of 2025, Canadians are starting to sell the property they own in the U.S. A Royal LePage Survey found that 54% of Canadians plan to sell their property within the next year, ending August 2026. Of those who already have done so, 44% were influenced by the current political environment, 27% due to personal or financial reasons, and 22% due to extreme weather in the States. Such a dramatic swing in north - south travel is bound to come with important tax consequences, especially for Canadians who have investments in the US.  In fact, Canadian residents are taxable on their worldwide income. But, non-residents of Canada are taxable only on their Canadian source income. There are some important definitions attached to those two basic premises. Today we are going to get specific about a number of interesting topics, like  -        Tax Residency, Snowbirds -        People wanting to retire into the U.S. or come back -        Multijurisdictional families – what to watch out for  -        The latest news on taxation of investments held in the US -        Who is subject to estate taxation? Dr. Dean Smith, PHD, is a prolific academic who also holds the CFP, TEP, CPA, CA, RWM™, FDFS™ designations. He is a partner with Cadesky and Associates LLP and the President of Cadesky U.S. Tax Ltd. Dean has been involved with expatriate tax work for over 25 years assisting companies moving employees around the world.   Clients also include private individuals who have multiple jurisdictional filings, high net worth individuals with cross border needs, including Canadians individuals and corporations looking to invest in the United States and also American individuals and U.S. entities, looking to invest in Canada. He works primarily with Canada. He also is an expert in cross-border personal tax and estate planning – for Canada, U.S. and U.K. Dean is also a Faculty member and writer with Knowledge Bureau.  learn.knowledgebureau.com

  7. Oct 2

    Setting Goals at a Time of Great Change with April-Lynn Levitt

    Financial and business planning is something most people don’t do.  But those who do it, flourish.   The secret is to do it in a way you can manage it.  And that is the subject of our conversation today with a very special guest.  April-Lynn Levitt has been a coach with The Personal Coach since 2006 and is passionate about helping financial advisors reach their potential. She herself worked for 10 years as a top Financial Consultant and Regional Manager managing $1 Billion dollars in investments for physicians and their families. Prior to that she was an independent financial advisor in Vancouver specializing in the professional women’s market.  April has her Bachelor of Commerce with Distinction from the University of Alberta, her CFP, and extensive coaching, sales and management training. She is a frequent contributor to industry publications and a Faculty Member of the Knowledge Bureau. learn.knowledgebureau.com

  8. Sep 25

    Tax Reforms For Canadian Entrepreneurs With Dan Kelly

    Canada was built on Entrepreneurship.    But last April the Montreal Economic Institute issued a warning:   The number of self-employed Canadians with paid help—the businesses most likely to scale, hire, challenge incumbents, and help grow GDP— peaked some time ago at approximately 867,000 in 2005.   By 2025, that number had fallen to 716,000, a drop of nearly 18 percent—despite population growth of over 9 million over that same time period.   Self-employment accounted for roughly 16 per cent of total employment in Canada at the start of the 2000s but this fell to 11 per cent by 2025.   In per capita terms, about one in 37 Canadians was an entrepreneur back in 2005, compared to only one in 58 Canadians by last year.    The Hub, another think tank, mirrored the concerns.  They point to research that says between 2015 and 2024, annual business formation in Canada was essentially flat.    Worse Federal industrial regulatory requirements grew 37 percent between 2006 and 2021, before counting in the effect of provincial and municipal rules.    And against that backdrop is the demographic reality, that succession is in full swing in Canada – just when we need new entrepreneurs to take over small businesses, there is a real dearth of them.    In fact, the Canadian Federation of Independent Business (CFIB) says that Canada is experiencing a historic "entrepreneurial drought" where business closures outpace new entries. At the exact same time, a "succession tsunami" is hitting the economy as an aging generation of owners prepares to exit.   So to help us embellish on this topic today is our friend Dan Kelly. Dan Kelly is CFIB’s President and CEO and, in this role, is the lead spokesperson and advocate for the views of the organization’s 103,000 members. In 2015, Dan was named one of the “Top 100 most powerful and influential people in government and politics” by Power & Influence Magazine, and he is regularly featured on lists of Canada’s top lobbyists. Dan is a regular speaker in Canada and around the world on topics such as international trade, the payments industry, and skills and labour shortages.  Dan started his CFIB career in 1994 as a Policy Analyst in his hometown of Winnipeg. Before becoming President of the CFIB and relocating to Toronto in 2012, Dan served as CFIB’s Senior Vice-President of Legislative Affairs based in Ottawa. While in Ottawa, Dan focused on the need for major changes in the payments industry and drafted the first version of Canada’s Code of Conduct for the Credit and Debit Card Industry. Over the course of 2020 and 2021, Dan led CFIB’s 400 staff in supporting small businesses through endless lockdowns and COVID restrictions.  The CFIB took 150,000 calls from small business owners at that time and Dan personally did over 3000 media interviews.  learn.knowledgebureau.com

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Real Tax News - People Need to Know     Interpreting financial news you can use! An entertaining "deep dive" on the latest tax and economic matters with Canada's award winning business educator, Evelyn Jacks and Friends; people with experience, expertise and a passion for sharing their knowledge with you.   Brought to you by Knowledge Bureau, a national certified post-secondary institution which provides world class tax and financial education to individuals, professionals and workplaces, available online, 24/7, and in the comfort and convenience of your home or office. Our esteemed graduates earn certificates, diplomas and designations to help people in their communities achieve Financial Peace of Mind. Knowledge Bureau was established in 2003 by Evelyn Jacks, an award-winning entrepreneur and financial educator and best-selling tax and financial author of 55 books.  Visit us at learn.knowledgebureau.com or give us a call toll free for a personal educational consultation 1-866-953-4769. 

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