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:

Lifestyle Column: 10 Neat Things

This week: 10 neat things about birds.

Featured Course: Introduction to Corporate Tax Preparation

Prepare corporate income tax returns with confidence in the process and your skills. Learn how to understand the businesses issues and tax options that underlie the taxation of corporate income, so the return can be prepared accurately – minimizing tax and identifying planning opportunities on a timely basis.  

Featured Book: Managing the Bull

Detect and Deflect the Crap: A no-nonsense approach to personal finances. KBR readers receive $5 off if they order before January 28.

Featured Tool: Take Home Pay Calculator

One of the key issues for employees considering a new job is the take home pay for the position, especially if the job is in a different province. This calculator provides an estimate of the take home pay based on salary, exemptions, deductions and province of residence.

Time to invest in Canada

If Canada is to maintain its leading position, we need to be less reliant on credit-financed household spending and more geared to exports, investment and innovation, says Tiff Macklem.

Enhanced disclosure for scholarship plans

It is becoming easier to understand and invest in scholarship plans, thanks to new, enhanced disclosure requirements.
 
 
 
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%