CRA Data Breeches Put Taxpayer Information at Risk
An important deadline is coming up, around the same time that Canadians get ready to file their 2026 tax returns at the start of tax season 2027. Since 2020, more than 42,000 data breaches have occurred at the CRA. A class action lawsuit was launched in 2020 and a $8.76 million settlement was reached. Eligible Canadians affected by these security incidents can now submit claims through the KPMG Claims Portal until February 3, 2027.Happy Holidays from Knowledge Bureau
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2015 Return and Schedules Now Available in EverGreen
Although the new T1 Return and Schedules will not be available from the CRA website until January 7, the forms went to print on December 16 and are available in EverGreen Explanatory Notes right now.
Season’s Greetings CRA: Estimated 33,000 letters will be mailed out
'Tis the season and Canada Revenue Agency will once again send out an estimated 33,000 letters to Canadian taxpayers asking them to “reconsider” their prior year’s personal tax return.
CRA Moving to Email Communications in 2015
The new T1 return includes a space to send the taxpayer’s email address to CRA.
Expensive But Worth It
Recently, the Tax Court of Canada (TCC) levied interest and gross negligence penalties against five taxpayers who were shareholders and operators of a family restaurant.
Should OAS be deferred?
This is a continuation from last week's article, "Are You Planning Retirement for your Clients?"
