News Room

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:

Six Ways to Profit from Family Tax Cuts After Tax Season

June 15 is the date of the next quarterly instalment payment for 2015.

Better Late than Never Doesn’t Cut It with CRA: File on Time to Avoid Severe Penalties

The Canada Revenue Agency (CRA) has always been serious about penalizing tax evasion, and they are sharpening their focus on investigating anyone who facilitates or encourages non-compliance.

Safest Banks: Is Canada in the Top 10?

We generally believe, living in Canada, that we have the safest banking system in the world. Certainly we’re in the top 10, right?

Top Three Tax Tips for New Entrepreneurs

When starting a small business, whether as a proprietorship or a corporation, entrepreneurs can fall into a number of tax traps. 

Rising Debt Levels: Bad News (and Good News) About Family Debt in Canada

A flurry of recent media activity has raised the red flag on how deep in the red most Canadians are, reporting that more people are carrying higher levels of debt than at any other time in history.

Did You Know…

An outcry from Hollywood means Ontario will delay tax credit cuts.
 
 
 
Knowledge Bureau Poll Question

It costs a lot more to go to work these days. Should the Canada Employment Credit of $1501 for 2026 be raised higher to account for this?

  • Yes
    22 votes
    91.67%
  • No
    2 votes
    8.33%