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.Knowledge Bureau Designate Highlight: Ellie Jenner
Knowledge Bureau Designate Highlight: Ellie Jenner
Happy Holidays from Knowledge Bureau
Knowledge Bureau holiday hours
2015 Return and Schedules Now Available in EverGreen
Although the new T1 Return and Schedules will not be available from the CRA website until January 7, the forms went to print on December 16 and are available in EverGreen Explanatory Notes right now.
Season’s Greetings CRA: Estimated 33,000 letters will be mailed out
'Tis the season and Canada Revenue Agency will once again send out an estimated 33,000 letters to Canadian taxpayers asking them to “reconsider” their prior year’s personal tax return.
CRA Moving to Email Communications in 2015
The new T1 return includes a space to send the taxpayer’s email address to CRA.
Expensive But Worth It
Recently, the Tax Court of Canada (TCC) levied interest and gross negligence penalties against five taxpayers who were shareholders and operators of a family restaurant.
