News Room

The CRA TSlip Saga: An Update

This tax season has been particularly challenging for both taxpayers and tax professionals. The Canada Revenue Agency (CRA) provides tax information slips—such as T3, T4, T5, and their variations—through secure online portals: My Account and Represent a Client (RAC). This year, there were lots of problems with these portals, and now, it appears, CRA is not being quite transparent about when the slips were actually visible to clients and that doesn’t seem fair. Here’s an update on where we stand now.

Update On Trust Tax Filings

On March 3, 2025 CRA issued an update on the confusing trust filing requirements for tax year 2024. What’s important to know is that when filing of the T3 return, and the T3SCH15 Beneficial Ownership Information of a Trust form is required, the deadline is coming up soon:  March 31, 2025. 

Provincial Budget Round Up – Some Tax Cuts, But for How Long?

It’s provincial budget time and in this Special Report, Knowledge Bureau Report covers the highlights of five of them released since the beginning of February. 

CRA Service Levels: A Challenging Year Ahead

It could be a challenging year for the CRA with all the changes and postponements to the April 16, 2024 federal budget.

Tariffs Bring Worries, Resilience Indicators: Tax and Financial Pros

The tariff wars have begun along with early market reactions. How will this new environment affect your clients’ employment, investment, business and retirement plans? 

Mini CE Summits: You Can Still Participate!

Knowledge Bureau is pleased to present the Four-Pack!  Four in depth half day virtual Mini-Summits you can access immediately to brush up on your personal tax knowledge in time for tax season 2025!

Accounting Services Specialist Program

Do you enjoy solving problems, working with numbers and helping others?
 
 
 
Knowledge Bureau Poll Question

Are your clients owed money by CRA? As of March 31, 2025, the CRA holds about 10.2 million uncashed cheques totalling $1.7 billion. In your view, why is this happening?

  • Yes
    12 votes
    60%
  • No
    8 votes
    40%