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.  

We continue our Synthetic Dispositions series this week with a look at an example of a Put-Call Collar and the effect of the March 21, 2013 federal budget has on reporting requirements.

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A perfect graduation gift, The Smart, Savvy Young Consumer provides great advice on how to make smart decisions with your money early in life, paving the way for a rich future. Buy 3, Get 1 Free.

Use of Trusts in Tax and Estate Planning.

Try Knowledge Bureau’s suite of 14 calculators – these tools are an invaluable source of quick solutions and provide an easy way to test scenarios with your clients. Try them risk-free!

In the first article of our Bill C-60 series in our May 22 issue of KBR, we looked at the proposed amending of the audit process. This week we examine the changes to the tax court rules.