News Room

The CRA TSlip Saga: An Update

This tax season has been particularly challenging for both taxpayers and tax professionals. The Canada Revenue Agency (CRA) provides tax information slips—such as T3, T4, T5, and their variations—through secure online portals: My Account and Represent a Client (RAC). This year, there were lots of problems with these portals, and now, it appears, CRA is not being quite transparent about when the slips were actually visible to clients and that doesn’t seem fair. Here’s an update on where we stand now.

A Terse Exchange: Independent Review of Budget Figures

The Finance Department has offered a terse but prompt response to a request with a very short deadline from the Parliamentary Budget Officer (PBO) for additional information to justify figures in the March 22, 2016, federal budget.

May 2 Tax Deadline: Four Big Reasons to File On Time

April 30 falls on a Saturday this year, so midnight May 2 is the deadline for filing the T1 General Tax and Benefits Return.

Seven Tips for Separating Assets on Relationship Breakdown

Couples feuding? If it ends in separation or divorce, there are tax strategies you can use that are critical in minimizing the financial damage that can occur in these cases. Here are seven tips for separating in a tax-efficient way.

Soar Higher: Rewire Your Thinking and Your “Value Hub”

The financial services industry has never been under more pressure to improve on its professionalism. At the same time, more services are being disrupted by new technologies and providers.

Start-Ups: Seven Tips To Audit-Proof Your Tax Return

When did your business go from being a sideline or hobby to a viable going concern? It’s important to be able to pinpoint the date if you want to stay out of CRA’s cross-hairs.

Distinguished Advisor Conference 2016, San Diego, California

Experts and visionaries from all sides of the financial services are now preparing their ground-breaking research for presentations at the Distinguished Advisor Conference, November 6 to 9 in San Diego.
 
 
 
Knowledge Bureau Poll Question

Are your clients owed money by CRA? As of March 31, 2025, the CRA holds about 10.2 million uncashed cheques totalling $1.7 billion. In your view, why is this happening?

  • Yes
    12 votes
    60%
  • No
    8 votes
    40%