Draft Legislation Released July 23, 2026

While Canadians were enjoying the height of summer 2026, Finance Canada released draft legislation for a number of previously announced tax measures including new rules for the disabled, apprentices in the trades, those with automobile benefits, farmers on the prairies and business owners buying assets or remitting GST/HST. A consultation has been issued on the proposed new rules, which must be emailed to the department by September 4.  There are some important changes, some summarized below, which will also be covered in the September 23 CE Summit.

The Canada Revenue Agency is getting a new boss. Prime Minister Mark Carney has appointed Heather Evans, LLB, LLM as the new head of the agency. She moves from her post as executive director of the independent Canadian Tax Foundation, a job she’s held since 2016. She takes over from Jean-Francois Fortin who has been serving as acting commissioner since March 31. She, like our own Evelyn Jacks, is also recognized as one of the 44 Best Thought Leaders on Tax Strategy in Canada.  

Back to school time is just around the corner! For those who saved for future that includes post-secondary education, the tuition fees sting less when your high school graduate starts post-secondary school this fall. More can always be done, however to prepare families at the start of this journey. The benefits of the Registered Education Savings Plans (RESPs), and other savings opportunities, is a good financial planning topic this summer. Here’s a primer:

The Acuity Conference for Distinguished Advisors (DAC) is Canada’s preeminent conference for advisors from the tax, financial services and it will be held in Victoria, B.C. November 22–24. Be sure to join one of Canada’s most unique multidisciplinary educational and networking experiences and save money by registering before September 30.  

Today’s financial advisors is an education, an advocate and a steward of client resources. But tax laws are in continuous flux, regulations evolve, and client expectations shift in response to complex life events. For today's advisors, continuing education isn't something that happens once a year to meet CE Credit requirements. It's an ongoing part of delivering confident, informed advice. That's where CE Master Micro-Credentials come in, together with a July 31 tuition offer.

It looks like tax season 2026 could be the biggest one we’ve seen in the history of filing in Canada, proving once more that Canadians are extremely tax compliant and that filing a personal tax return is the most important triggers for long term wealth planning in this country. But there is a shortage of qualified people and now is the time to do something about that before tax season 2027.

Women control an increasing share of global wealth. From 2018 to 2023, global wealth increased by an amazing 43% but women’s share increased by an even more impressive 50%. For financial advisors it means your female clients are going to be more important to your business than ever; for tax advisors, there is an opportunity to engage during important life events.