End of Year Milestones: Checklists for 2025 and 2026
It’s here – a great tool for your clients to help them understand their relationship with the CRA! Check out the 2026 Tax Filing and Investment Planning Milestones Checklist, which includes CRA filing deadlines and payment dates for various benefits available in 2026. Share it in your Holiday Greetings this year, courtesy of Knowledge Bureau. Also, here are our holiday hours – please mark your calendar:
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Truckers Beware: CRA Audits Coming
Effective December 4, 2025, the CRA has officially lifted the moratorium it has extended in the transportation industry and intends on levying penalties for failure to report fees paid for services for the 2025 tax year and subsequent tax years. Here’s what you need to know:
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From Commissioned Employee to Self-Employed: Navigating Tax Treatment After Bankruptcy
When a commissioned salesperson receives a T2200 form from their employer, it opens the door to deducting employment expenses that are typically off-limits to salaried employees. But what happens when that employer goes bankrupt and the salesperson pivots to self-employment? This article explores the tax treatment of such a transition, using a realistic scenario to illustrate the rules and opportunities available under Canadian tax law.
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Maximize Your Charitable Giving: Tax Benefits of Non-Cash Donations
Charitable giving is a meaningful way to support causes you care about—and in Canada, it can also be a strategic financial decision. While cash donations are common, gifting appreciated securities or valuable personal property such as jewelry can provide enhanced tax advantages. Donating these assets directly to a registered charity allows individuals to avoid capital gains tax and claim a charitable donation tax credit based on the fair market value of the gift. But they might be surprised by the AMT - Alternative Minimum Tax. That’s where a tax specialist and a great income tax calculator comes in.
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Build a Stronger Tax Team in 2026: Professional Training Solutions for Businesses
As Canadian businesses prepare for another demanding tax season, leaders are facing a familiar challenge: sourcing skilled, confident staff who can handle increasingly complex personal and corporate tax filings. Whether you employ seasonal rookies, returning preparers, or full-time financial specialists, the need for structured, up-to-date tax training has never been higher, and there are some important educational opportunities coming up from Knowledge Bureau.
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