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.  

The Canada Revenue Agency (CRA) has announced a May 5 tax filing deadline extension and an arrest has been made in the "Heartbleed Bug" matter.

Canadians have become real red wine connoisseurs, but we still like our home grown beer, too. According to Statistics Canada, alcohol sales throughout the country in 2013 rose 2.2% from 2012, but a change in what Canadians are buying at the liquor store is noticeable.

When the Canada Revenue Agency (CRA) errs, can they correct, reassess and require payment even if this is unfair? Apparently yes, based on a recent court case.

Canada is devastated at the loss of its great Finance Minister, Jim Flaherty, who few would argue was a truly wonderful soul.

Many people have taken advantage of the real estate market drop in the U.S. and have purchased U.S. real estate for personal use or as a rental property, but many do so not realizing what owning this kind of property means from a tax perspective.

Child care expenses are claimable on form T778 by Canadian residents for services provided by any of the following in Canada (although deemed residents may qualify as well).