Record Number of Tax Returns Filed in 2026

It looks like tax season 2026 could be the biggest one we’ve seen in the history of filing in Canada, proving once more that Canadians are extremely tax compliant and that filing a personal tax return is the most important triggers for long term wealth planning in this country. But there is a shortage of qualified people and now is the time to do something about that before tax season 2027.

Calling all newcomers, young up-and-comers, career-changers and passionate-for-learning-retirees! Summer is a great time to go back to school and pick up a new skill that will provide you with a new income stream and a new sense of pride.

Laramie Tan-Amit, has gained confidence in her role as a Professional Tax Practitioner and Bookkeeper

Happy 150th Birthday, Canada! We at Knowledge Bureau will be taking some time on this extra-special July 1 long weekend to celebrate Canada’s sesquicentennial, so just for fun, we thought we’d take a look at some financial highlights of the last 150 years.

The prescribed interest rates set by CRA for the third quarter of 2017, July to September, have followed recent trends: there are no changes for the period except for a new 4.47% rate on an election made by foreign corporations regarding PLOIs, Pertinent Loans Or Indebtedness.

On June 22, 2017, Budget Implementation Act, 2017, No 1 received Royal Assent and is now law. 

The penalties have been huge on the over 21,000 files CRA has audited from April 2015 to March 2017: over 885 penalties totalling $17 Million were applied on close to $330 Million in unreported income, mostly in the Toronto and Vancouver markets.