Truckers Beware: CRA Audits Coming

Effective December 4, 2025, the CRA has officially lifted the moratorium it has extended in the transportation industry and intends on levying penalties for failure to report fees paid for services for the 2025 tax year and subsequent tax years.  Here’s what you need to know:

It’s summertime... and summer holidays are already in full swing.

It’s report card time for kids, but it’s also a good time for parents and teachers to reflect on the level of financial literacy among students, and bringing more effective financial education to next year’s curriculum, which begins just a couple of months from now.

Hundreds of leaders in the tax and financial services took part in a significant educational event last week:  transition planning featuring the new federal budget provisions including the Graduate Trust Estate rules. 

Evelyn Jacks, President of Knowledge Bureau, kicked off Toronto’s Distinguished Advisor Workshop with an information-packed economic update.

James Bell, Director of Tax Solutions Canada (a member of the Farber Financial Group), is the perfect person to reveal tips, traps, and pitfalls of working with the Canada Revenue Agency.

Executors who face the problem of how to pay the taxes on the estate where the capital is tied up in capital assets have a way to solve the problem – if they can find it.