INSIGHTS

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CRA Direct Deposit Information: Changing Information

December 23rd, 2025

Individuals can now register for and update their direct deposit information only through CRA’s online portal or through […]

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Annual Financial Statement Preparation – What Are My Options?

December 19th, 2025

All corporations, for-profit and not-for-profit, must prepare annual financial statements to accompany their tax filings with Canada Revenue […]

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Voluntary Disclosures: Changes to the Program

December 18th, 2025

The Voluntary Disclosures Program (VDP) provides taxpayers with a chance to correct past tax errors or omissions before […]

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Child/Spousal Support Amounts: Changing the Agreement

December 15th, 2025

Spousal support payments are generally taxable to the recipient and deductible by the payer. On the other hand, […]

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TFSA Excess Contributions: Decline in Value

December 11th, 2025

A July 25, 2025, Federal Court case found that CRA’s denial of penalty tax relief on excess TFSA […]

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