Changes to Paper Filing Disempowering

Last tax season, only 7% of all Canadian tax filers filed on paper. The CRA is pushing for zero. It continues to steer the holdouts to digitized filing by adding lots of obstacles. Most recently, it is removing almost all the schedules from the tax return package it mails. This seems unfair to people who paper file because they can’t afford a computer and internet, distrust the security of online filing and those who are neither tax or computer literate. Here’s what they are up against:

With the March 3 RRSP deadline around the corner, it’s time for an important primer on the three prime registered savings plans for Canadians are Registered Retirement Savings Plans (RRSP’s) Tax Free Savings Accounts (TFSA’s) and Registered Pension Plans (RPP’s). Why?

Many taxpayers are receiving electronic notices from the CRA reminding them that March 15 is coming up. That’s the day that the first quarterly tax instalment remittances are usually due for the new year, but because that day falls on a Saturday this year, the due date is March 17. The issue in a cash strapped world, is whether you really need to make these payment. Here is a backgrounder to guide you:

Statistics show that 97.8% of of the employer business in Canada are small businesses. This means if you have built a tax filing business serving individuals and households only, you’re missing out on a big share of the market.

Knowledge Bureau is pleased to present the Four-Pack!  Four in depth half day virtual Mini-Summits you can  access immediately to brush up on your personal tax knowledge in time for tax season 2025!

Get ready for the Acuity Conference for Distinguished Advisors experience in Puerto Vallarta, November 23-26, 2025 where we’ll be gathering outstanding continuing professional development to address the changing global tax and economic environment plus 4 days of networking in the sun and at the fabulous fiestas at night!

There is still time to give and save money: mark your calendar for February 28.  That is the deadline date to make cash, cheque, money order donations  to your favorite charity and claim the deduction on your 2024 tax return.