2026 Automobile Deduction Limits Released – Finally
The government finally announced the 2026 automobile deduction limits on January 14, 2026, significantly later than in prior years, when the announcements typically came in December. Here are the new rates, as of January 1, 2026:False Statements on Tax Returns Leads to Fine, Jail Time
According to an article posted on the Canadian Revenue Agency (CRA) website, an Ottawa woman was recently sentenced to 30 days house arrest and ordered to pay a fine of $47,789 due to false statements made on her income tax return.
Family Tax Cut Changes Conventional Wisdom for RRSP Contributions
Before the Family Tax Cut provisions it was straightforward, a given RRSP contribution was always more beneficial if claimed by the higher-income spouse.
DAC 2015 is Heading to Puerto Vallarta, Mexico
Have you reserved your spot at the 2015 Distinguished Advisors Conference (DAC) yet?
Knowledge Bureau Designate Highlight: Faline Linstone
Faline Linstone from Kamloops, BC recently completed the T1 Professional Tax Preparation - Basic course to upgrade her qualifications, and she met all of her objectives.
Illness In the Family? The Tax System Provides Relief
This is a good time of the year to discuss family health – with your tax advisor!
New Trust Legislation Enacted
Advisors should inform their high net worth clients of recently enacted changes to tax benefits arising from the use of trusts.
