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.  

Understand the Issues Involved in Business Sale or Succession

Expand your career by gaining insight into business transaction accounting and achieve consistently accurate results for you clients. Enrol in Accounting for Business Transitions.

DAC: Catch the Early Bird by June 30 and Save $550

Experience an incomparable educational experience at the Distinguished Advisor Conference (DAC) in the beautiful Texas Hills as you gain perspective and insight from outstanding thought leaders in the tax and wealth advisory industries.

Audit Defence: A Business Builder for Business Owners

The tax filing deadline for unincorporated business owners is June 16 and filing late will attract penalties and potential audits.

Voluntary Compliance Can Mitigate Risk

CRA wants to remind you that fessing up can be profitable.

National Steering Committee on Financial Literacy Call for Members

Are you interested in strengthening Canadians’ financial literacy?

Requirement vs. Choice: It’s the Crux in Claiming Commission Sales Expenses

In order to be eligible for a deduction for sales or travel expenses under subsections 8(1)(f) and (h) of the Income Tax Act, taxpayers must show that they worked on a commission-based income.
 
 
 
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%