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.

What to Consider When Preparing Your Estate Plan

To everything there is a season, and for many, understanding the tax consequences of death on personal and family net worth is a crowning achievement that allows for a powerful wealth transition. This type of preparedness, unfortunately, is rare.

Should I File a Tax Return for My Children?

It’s important for you to file a tax return for children who have any earnings from active employment or self-employment.

2500 Fraudulent Invoices Reap $173,000 HST Evasion Fine

Red Adair, an Oilwell Firefighter once said, “If you thought hiring a professional was expensive, wait until you try hiring an amateur!” 

Year End Planning with OAS Benefits

In the final three months of 2013, seniors will receive an inflation-adjusted increased OAS benefit of $550.99 per month, which makes the total annual OAS benefits a total of $6,578.06. 

How One Career Can Change Your Life

Tax service professions are one of the few careers that have outpaced economic growth for the past ten years.

Earn the CE/CPD Credits Before Year-End – EZ-Pay Instalment Plan Available

Need CE/CPD credits and want great education, too? Knowledge Bureau offers an academic path focused on Real Wealth Management™. Start today and finish before end of year.
 
 
 
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%