News Room

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.  

Tax Court Provides Clarity on Harsh Provision

Judges are forced to apply the law as it reads, but fortunately for taxpayers there is sometimes room for interpretation.

Evelyn Jacks: Warm Holiday Counts as Reasonable Medical Expenses?

Should taxpayers be able to deduct travel expenses to warmer climates as medical expense tax credits (METCs) to alleviate pain and suffering?

How much can I claim for the Children’s Arts Amount?

Your refund can grow by up to $75 with this federal tax credit.

Medical Claims in the Year of Death

A special rule applies to claiming medical expenses when a taxpayer dies.

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Entrepreneur Jody Steinhauer Discusses Change Leadership At DAC

Jody Steinhauer brings her insight into the power of change to the 2014 Distinguished Advisor Conference as part of High Net Worth Client Spotlight: Giving Back Makes Good Business Sense.
 
 
 
Knowledge Bureau Poll Question

In your view, should Canadians be able to write off more of their out-of-pocket medical expense costs? What amount would be appropriate?

  • Yes
    28 votes
    93.33%
  • No
    2 votes
    6.67%