News Room

CRA Data Breeches Put Taxpayer Information at Risk

An important deadline is coming up, around the same time that Canadians get ready to file their 2026 tax returns at the start of tax season 2027. Since 2020, more than 42,000 data breaches have occurred at the CRA. A class action lawsuit was launched in 2020 and a $8.76 million settlement was reached. Eligible Canadians affected by these security incidents can now submit claims through the KPMG Claims Portal until February 3, 2027.

CPP Actuarial Report: Expected Return 3.9% to 2090

The 27th Actuarial Report on the Canada Pension Plan provides some fascinating reading about Canada’s demographics and economy over the next 75 years, to 2090.

Finance Canada Report: Tax Revenues Increase, But Red Ink Flows

Year-end tax planning is important in 2016, especially in light of Finance Canada’s release of its Annual Financial Report of the Government of Canada for Fiscal Year 2015–16 on October 7, 2016.

CPP Legislation Is Introduced

A Notice of Ways and Means Motion to Amend the Income Tax Act was introduced to enact changes to the Canada Pension Plan on October 6, 2016.

CPP Revisions a Good Reason to Learn Professional Tax Efficient Retirement Income Planning

There are lots of changes coming to retirement income planning, together with a whole new focus on how much is enough. . . a question being asked by all generations in the family. That’s why retirement planning is really about multi-generational planning.

Peer-to-Peer Learning is a Most Effective Way to Excel

There are so many tax planning changes being introduced for 2016 – 2017 that tax, bookkeeping or financial services professionals may have trouble keeping up with answers to their clients’ complex questions this year.