News Room

Downsizing Your CRA Tax Files?

Happy New Year! If one of your resolutions for 2026 is to downsize, or at least sort through all that stuff you don’t need anymore, you may inevitably run across those tax files you’ve been keeping for decades. Just how long do you have to keep them? Do you need permission to destroy them? From whom? Read on to learn more. 

Taxable and Non Taxable Auto Allowances and Benefits

  Reasonable motor vehicle allowances are not taxable if it is reasonable.

Employers’ Treatment of GST/HST on Employees Taxable Benefits

Some employee taxable benefits are subject to GST/HST, while others are not.

New Legislation: The Economic Action Plan 2014 Act, No. 2

New legislation from the Department of Finance, The Economic Action Plan 2014 Act, No. 2, received Royal Assent on December 17.

Improving Economic Potential:  A Smart Financial Goal

Happy New Year!  What’s your “economic potential” in 2015? 

Our Readers Are Awesome

Sometimes a little clarification is in order.
 
 
 
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
    82 votes
    85.42%
  • No
    14 votes
    14.58%