Coming This Month: Changes to Business Registration Online

More changes are coming to how your clients will access Business Registration Online (BRO). Starting July 14, 2026, the Canada Revenue Agency (CRA) your business clients will only be able to access BRO through their CRA account. As usual, it’s the taxpayer who is responsible for on time remittances and the burden of proof in an increasingly digital relationship with CRA. Here’s what you need to know:

Year end tax planning will need to be rethought in light of the dramatic change of government in Canada.  The most significant questions surround the implications for both winners and losers.

The role of accounting can go well beyond just tracking the numbers; providing advice to clients who are business owners will support their decision making and help them to generate real value. That’s why advanced planning for growth and transition is the focus of a new certificate course published by Knowledge Bureau this month.

Do you know how to prepare a T2 corporate return for your small business clients?   Has it always been your professional development dream to get the credentials to do so?

Taxpayers should receive legal advice prior to giving a power of attorney to anyone, including their spouse. Unintended tax consequences will not be forgiven by the CRA.

Whether you are a student or working and paying for child care, those expenditures may be deductible and the maximum amount you can claim has increased this year.  It’s a lucrative year end tip advisors will want to prime their clients about,  to maximize child care expense claims on the 2015 tax return.

It has been truly heartbreaking to watch the humanitarian crisis unfold in Europe, as millions of displaced refugee families risk their lives seeking safe havens. Canadians can help with charitable donations, but also by adopting orphaned children.