News Room

Changes to Paper Filing Disempowering

Last tax season, only 7% of all Canadian tax filers filed on paper. The CRA is pushing for zero. It continues to steer the holdouts to digitized filing by adding lots of obstacles. Most recently, it is removing almost all the schedules from the tax return package it mails. This seems unfair to people who paper file because they can’t afford a computer and internet, distrust the security of online filing and those who are neither tax or computer literate. Here’s what they are up against:

Canada’s gently improving economy

A number of recent numbers from Statistics Canada testify to gently improving economic conditions.

Wanted: Governor for the Bank of Canada

The Bank of Canada has advertised the position of governor, which will become vacant in June when the present governor, Mark Carney, departs for the Bank of England.

Evelyn Jacks: Don’t pay more taxes than necessary

You may not be able to control the economy but you can control the amount of income taxes you pay.

Dealing with goodwill

Goodwill can be “eligible capital property” under the Income Tax Act, explains Greer Jacks in this second of two parts on goodwill.

Do non-residents have to pay Canadian income taxes?

Yes. The government imposes income taxes on non-residents who earn income in Canada and/or dispose of Canadian property.

Repurpose Your Income

There are many different definitions of “income” on the tax return.
 
 
 
Knowledge Bureau Poll Question

It costs a lot more to go to work these days. Should the Canada Employment Credit of $1501 for 2026 be raised higher to account for this?

  • Yes
    58 votes
    86.57%
  • No
    9 votes
    13.43%