Podcast: Automatic Tax Filing - Will It Work?

Last week Taxpayers' Ombudsperson François Boileau  tabled his annual report:  In Pursuit of Better Service: Taxpayers Deserve More.  once again, it was nothing short of scathing, as CRA received its highest number of complaints in the last three years.  Calling our “completely nuts” Income Tax Act a potential barrier, he is nonetheless pushing for automatic tax filing as a potential solution.  A new episode of Real Tax News with Evelyn Jacks & Friends available this Friday, featuring guest Gillian Petit, Ph.D., author of a great report, Welcome News for Lower-Income Canadians, but There’s More to Do, takes a deeper dive.  Consider the following:

The demand for skilled talent is high among Canadian finance leaders, with a limited supply of skilled talent.

VIP Transcripts coming April 3! Check out your official transcripts in the Graduate Lounge.  

On March 3, 2025 CRA issued an update on the confusing trust filing requirements for tax year 2024. What’s important to know is that when filing of the T3 return, and the T3SCH15 Beneficial Ownership Information of a Trust form is required, the deadline is coming up soon:  March 31, 2025. 

It’s provincial budget time and in this Special Report, Knowledge Bureau Report covers the highlights of five of them released since the beginning of February. 

It could be a challenging year for the CRA with all the changes and postponements to the April 16, 2024 federal budget.

The tariff wars have begun along with early market reactions. How will this new environment affect your clients’ employment, investment, business and retirement plans?