October 1 - Important Changes Coming to VDP

Effective October 1, 2025, important changes will be made to the Voluntary Disclosures Program (VDP) at the CRA in order to make it easier for taxpayers to correct unintentional filing errors or omissions. The details on how the changes will affect your clients are being discussed in the CE Summit held September 17 and this course is now available for online enrolment and CE accreditation, after the virtual event. Here are some highlights of the changes.

Happy New Year and welcome to a brand new tax year. 

The new tax forms were available as of January 7 and CRA has recently posted a partial list of new tax and benefit changes and online services for the 2015 tax filing season, encouraging people to file online and use their online services.

The Ontario Superior Court of Justice recently held that in certain circumstances the Canada Revenue Agency (CRA) is not entitled to notice of a rectification application as it pertains to a trust.

Recently, a unanimous Supreme Court of Canada (SCC) recently created a new common law duty of good faith between contractual parties in Canada. This new extension of the common law will certainly affect business in Canada, but just how far the duty will extend is yet to be known.

Bill 56, an Act to require the establishment of the Ontario Retirement Pension Plan was introduced and received first reading in the Ontario Legislature on December 8, 2014. 

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