March’s episode of Life in the Tax Lane is here!

As personal tax season intensifies and inboxes fill faster than they can be cleared, take a 10-minute break from T1 triage to review recent legislative action and court decisions with direct implications for compliance, documentation, and reassessment risk. 

This episode covers:

• Canada Groceries and Essentials Benefit: This benefit replacing the GST credit and providing enhancements with increased payments coming soon. 
• Mutual Fund Trailing Commissions – GST/HST: CRA will treat trailing commissions as taxable supplies effective July 1, 2026.
• Corporate Transfer of Assets to Shareholder’s Child: Below cost sale resulted in a shareholder benefit and denied loss to the corporation.
• Under-Reported Income – Bookkeeping Errors: Weak oversight supported opening otherwise statute-barred years and gross negligence penalties.
• Shareholder Benefits – Offsets: The court rejected retroactive loan offsets where there was no clear intent or year end accounting support, underscoring the need to clear personal expenses in the year and document the entries before filing.
• Labour Mobility Deduction – Temporary Relocation Expenses: Employer allowances reduce but do not eliminate eligible temporary relocation deductions.

For firms balancing tight timelines and heightened CRA scrutiny, the episode offers practical reminders on documentation, systems oversight, and resolving issues before they become reassessments.

Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-march-2026

Learn more about available courses: https://members.videotax.com/courses

Program Recorded: February 20, 2026

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information, visit videotax.com/disclaimer. ©Video Tax News Inc. 2025, All Rights Reserved.

February’s episode of Life in the Tax Lane is here!

With Valentine’s Day approaching, the Video Tax News team shares a timely roundup of tax issues that may not be especially romantic, but are front of mind as filing season approaches.

This fast-paced episode covers:

• Crypto-Assets Reviews and Audits: CRA is intensifying audit activity, focusing on non-filing, underreporting, and weak documentation around crypto transactions.
• Crypto-Assets – Income or Capital Gains?: A recent court case reinforces that trading intent and activity drive income versus capital treatment.
• COVID-19 Benefits – Collections: CRA collections on CERB and CRB overpayments are continuing with a more aggressive tone.
• Canada Student Loan Forgiveness Program: Expanded eligibility may allow certain professionals to access significant loan relief.
• Beneficial Ownership: Adding children to title discussed in the context of estate planning.
• Shareholder Benefit on Land Realty Transfer: Non-FMV transfers between corporations and shareholders can trigger taxable benefits.

This episode highlights where CRA scrutiny is increasing and where careful structuring and documentation remain important. Watch or listen to stay current as these issues continue to arise in everyday practice.

Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-february-2026

Learn more about available courses: https://members.videotax.com/courses

Program Recorded: January 20, 2026

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2025, All Rights Reserved.

January’s episode of Life in the Tax Lane is here!

Happy New Year! Join the Video Tax News team for a timely roundup of key tax developments as we head into 2026.

This fast-paced episode covers:

• Cancellation of OAS Enrollment: A Federal Court of Appeal decision underscores the strict deadlines for cancelling automatic OAS enrollment.
• Election to Stop Contributing to CPP: The Tax Court provides welcome clarity where Service Canada processing delays threatened to invalidate the election to cease contributing to CPP when the individual began collecting retirement benefits at age 65.
• Trust Filing Rules – Bare Trust Arrangements: CRA proactively confirms relief by following Bill C-15 proposals, meaning no T3 filings are required for bare trusts with 2025 year ends.
• Trucking Sector – Lifting the T4A Penalty Moratorium: CRA begins immediate enforcement of T4A filing requirements for payments to incorporated drivers, with 2025 slips due by March 2, 2026.
• RRIF Minimum Withdrawal Proposal – Abandoned: The government confirms it will not proceed with the proposed temporary RRIF withdrawal reduction.
• CRA Service Improvements – Disability Tax Credit: Ongoing delays in processing Disability Tax Credit applications are reviewed, along with recent recommendations from the Taxpayer’s Ombudsperson to better support vulnerable taxpayers.

Watch the free 10-minute video now to stay informed, stay compliant, and stay ahead of the curve on issues that matter most to Canadian tax professionals.

Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-january-2026

Learn more about available courses: https://members.videotax.com/courses

Program Recorded: December 18, 2025

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2025, All Rights Reserved.

December’s episode of Life in the Tax Lane is here!

Join the Video Tax News team for a quick roundup of the latest tax developments. 

This fast-paced episode covers:

• First-time Home Buyers' GST rebate, including a retroactive contract date change that could mean up to $50,000 in savings.
• Automatic tax filing starting in 2025 for select low-income individuals—who qualifies and how it works.
• Failure to make electronic payments, CRA providing relief for clients who still rely on cheques.
• Tax payment grace period clarity: CRA confirms a 20-day interest-free window for taxpayers to pay assessed balances once notified.
• Delayed slips posted online by CRA during last filing season and what CRA says to expect this year.
• Repetitive pre- and post-assessment requests for donations, medical expenses, and more—impact of compliance history.
• Heightened enforcement in the trucking industry targeting misclassification and personal services business concerns, with potential implications for other sectors using incorporated contractors.

Watch the free 10-minute video now to stay informed, stay compliant, and stay ahead of the curve on issues that matter most to Canadian tax professionals.

Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-december-2025

Learn more about available courses: https://members.videotax.com/courses

Program Recorded: November 21, 2025

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2025, All Rights Reserved.

November’s episode of Life in the Tax Lane is here!

Join the Video Tax News team for a quick roundup of the latest tax developments. This is a great way to stay sharp before the Budget news begins to roll in.

In this edition, the Video Tax News team covers:

• Auditor General Report on CRA Contact Centres: Key findings discussed
• CRA Services – 100-Day Plan: What’s changing and how it affects your practice
• Draft Legislation – Filing Requirements for NPOs: Why even the smallest clubs may soon need to file returns
• Corporations – Mandatory Electronic Filing: Avoid $1,000 penalties for paper-filed returns
• Financial Transactions and Reports – Risk? How routine transactions could create risk
• Business in the Home Expenses: Lessons from a recent court case

Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-november-2025

Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025

Program Recorded: October 24, 2025

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2025, All Rights Reserved.

October’s Life in the Tax Lane is ready!

October has arrived, and with the “Monday of months” (September) behind us, we can turn our attention to the latest tax updates for tax professionals.

In this edition, the Video Tax News team covers:

• Trust Disclosures: Some deemed trusts within NPOs must file, but they don’t need to list members as beneficiaries. Certain investment trusts also face disclosure rules.
• Moving Expenses – Travel Distance: Courts confirmed it is acceptable to use technology such as Google Maps to measure distances. The 40km test must use the shortest normal route and time of day may matter. 
• Automatic Personal Tax Filing – CRA Consultation: CRA is seeking feedback (due Oct. 9, 2025) on automatic filing for simple tax returns.
• Voluntary Disclosures Program Changes: New rules apply as of Oct. 1, 2025. Unprompted applications may mean no penalties and major interest relief, while prompted applications may still get reduced penalties, but much more limited interest relief.
• Crypto Scams – Educational Videos: New CPA-produced educational videos share real-life examples of scam tactics, red flags to watch for, how to avoid them and what to do if victimized.
• Applying the Law – Fairness?: Courts continue to enforce the tax law strictly, even when outcomes appear unfair.

A timely, practical roundup of key tax issues to help Canadian accounting professionals stay informed this fall.

Topics: Trust Disclosures – Certain NPOs | Moving Expenses – Travel Distance | Automatic Personal Tax Filing – CRA Consultation | Voluntary Disclosures Program Changes | Crypto Scams – Educational Videos | Applying the Law – Fairness?

Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-october-2025

Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025

Program Recorded: September 17, 2025

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2025, All Rights Reserved.

Back to School with September’s Life in the Tax Lane!

September is almost here, and while kids are heading back to school, it’s also time for tax professionals to brush up with the latest updates. 

In this edition, the Video Tax News team covers:

• Trust reporting – new draft legislation, evolving filing requirements, and penalties tied to Schedule 15 disclosures.
• CRA authorization for individuals – recent changes to the process and a new method for representatives.
• CRA call centre frustrations – why calls are being redirected and how to check wait times before phoning.
• CEBA loan collections – CRA’s authority to redirect tax refunds and benefits to unpaid CEBA balances.
• Employment expenses – a recent court case on the deductibility of clothing purchases for employees.

A timely, practical roundup of key tax issues to help Canadian accounting professionals stay informed this fall.

Topics: Trust Reporting – Draft Legislation | Trust Reporting – Schedule 15 Penalties | Authorization Requests for Individuals | CRA Phone Lines | CEBA – Collections Process | Deductibility of Clothing Purchases by an Employee

Sources:  https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-september-2025

Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025

Program Recorded: August 21, 2025

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2025, All Rights Reserved.

Summer’s in full swing, but before you head back to the patio, don’t miss this month’s Life in the Tax Lane for your quick hit of essential tax news!

This episode of Life in the Tax Lane delivers key Canadian tax updates in just 10 minutes. Topics include the proposed tax-free treatment of the Canada Carbon Rebate for small businesses, CRA’s administrative stance on reporting fees for services, and potential implications for not-for-profit organizations selling underutilized property.

The presentation also highlights recent court decisions on the personal use of corporate-owned vehicles and rental losses stemming from family arrangements. With practical insights and timely commentary, the team offers valuable perspective on emerging tax issues for Canadian professionals.

Topics: Canada Carbon Rebate for Small Businesses | Fees for Services – CRA Administrative Policy | Dining, Recreation and Sporting NPOs – Sale of Partially Used Property | Personal Use of Corporate Vehicles | Rental Losses

Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-aug-2025

Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025

Program Recorded: July 17, 2025

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2025, All Rights Reserved.

This episode of Life in the Tax Lane delivers key Canadian tax updates in just 10 minutes. Topics include a proposed GST rebate for first-time home buyers, potential U.S. tax changes affecting investment income, CRA’s administrative stance on mandatory electronic payments over $10,000, and updates to the Canada Disability Benefit.

The presentation also highlights CRA’s backlog of uncashed cheques, a new taxpayer relief tool, and the meaning behind CRA’s “nudge letters.” With practical insights and timely commentary, the team offers valuable guidance on emerging tax issues for Canadian professionals.

Topics: First-Time Home Buyers’ GST Rebate | Proposed US Tax Change – Impact on Canadian Investors | Electronic Payments – CRA Enforcement | Uncashed Cheques from CRA | Canada Disability Benefit Online Application | New Online CRA Tool – Penalty and Interest Relief | CRA Nudge Letters and Online Sales

Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-july-2025-episode-122

Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025

Program Recorded: June 19, 2025

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2025, All Rights Reserved.

The June edition of Life in the Tax Lane is here! In this month’s episode, the Video Tax News team covers key updates following the federal election, including proposed tax changes, CRA enforcement, automatic individual tax filing and a review of the corporate tax system. Learn what the drop in the lowest personal tax rate means for payroll and credits.

We also address CRA’s incorrect capital gains exemption assessments and how to protect objection rights.

Plus, CRA is rolling out mandatory online mail for most business accounts—GST, payroll and corporate tax included. We explain how this impacts representatives and why keeping client info current is critical.

Topics: New Government – Tax Changes? | Personal Tax Rate Reduction | Capital Gains Exemption – 2024 Assessment Errors | CRA Online Mail for Businesses | Represent a Client – Employer Responsibility

Late Breaking: CPA Canada has reported that CRA is aware of incorrect assessments related to the lifetime capital gains exemption and will take corrective action. No action is required by affected taxpayers.

Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-june-2025-episode-121

 Don’t miss our 25% off Ethics Course Bundle and more resources at videotax.com.

Program recorded: May 22, 2025

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2025, All Rights Reserved.