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.  

Master Your Retirement: One of the Best Retirement Books in Canada

Just released in Canada, this 3rd edition of Doug Nelson’s best-selling book Master Your Retirement is receiving rave reviews.

Evelyn Jacks – Celebrity Tax Author

As Joel Schlesinger of the Winnipeg Free Press wrote, "If there were celebrity experts on Canada's tax system, Evelyn Jacks might be one of them."

Certify Today to Meet Your Small Business Clients’ Unique Tax Filing Needs

The tax filing deadlines for Proprietorships  is June 15. There is still time for you to earn a certificate to professionally complete income statements for the self-employed, partnerships, farmers, fisherman, and professionals in the most tax-efficient manner with T1 Professional Tax Preparation – Proprietorships. Save $50 by enrolling online today.

Find Solution to Managing Debt Load

Assist your clients with making a plan to get out of debt with the Debt Reduction Solutions Calculator. Become a certified Debt and Cash Flow Management advisor – it only takes 30 hours online.

Audit Defence – Documenting the Client Experience

Stand up with professionalism to potential legal challenges from CRA or other family stakeholders. Register by May 15 for early bird rates.

Tax Professionals Beware of Big Penalties

The tax professional is becoming a central focal point for information-gathering on behalf of the Government, and in the process can be at significant financial risk. Fees charged to clients may have to reflect this new reality as CRA continues to unveil new and more detailed forms – with big penalties for missing information.
 
 
 
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%