November 2025 Poll

Do you believe the November 4 Federal Budget addressed the key financial issues your clients need to see from their Finance Department and the CRA?

Audit activity is on the rise—and the stakes are higher than ever. With a federal target to collect $3.75 billion through increased fines and penalties, along with widespread T-slip errors and confusion around capital gains, tax audits are expected to surge in 2025.Tax and financial advisors must be prepared to respond. Join us at the CE Savvy Summit: Audit Defence on September 17 for a deep dive into the latest audit trends, case studies, and defence strategies. Learn directly from leading experts and get practical tools to better protect your clients. Register by September 10 to take advantage of early-bird rates. Special pricing available for Diploma and Team member registrations.

This fall, step out of the day-to-day and into a setting designed to inspire forward thinking and fresh perspective. Join us November 23–26 in Puerto Vallarta, Mexico for the Acuity 2025 Conference for Distinguished Advisors, where leaders, educators, and advisors gather to explore what it takes to thrive in a fast-changing financial landscape. Space is limited, and flight prices are increasing. To join the experience, earn CE/CPD credits, stay ahead of critical changes, and return to your practice energized and future-focused, Acuity 2025 is your landing spot.

The Canada Deposit Insurance Corporation’s (CDIC) deposit protection is automatically applied when investors deposit money with a member bank or credit unions.  The object is to protect depositors should a bank fail.  The good news?  There has not been a deposit insurance payout in almost 30 years.  But now the framework is under review and both advisors and their clients may wish to weigh in, in particular because the deposit insurance limit is currently only $100,000 in specific deposit categories. 

The Canada Revenue Agency (CRA) is very serious about tax evasion and non-compliance and readers can expect that they will actively pursue businesses and individuals that engage in tax non-compliance, non-payment or other tax crimes in Canada and abroad, according to their new departmental plan for 2025-26. 

Are more of your clients in the market for an Electric Vehicle? As the global shift toward sustainability gains momentum, Canadian individuals and businesses are increasingly turning their attention to electric vehicles (EVs). Not only do EVs offer long-term operational savings and environmental benefits, but Canada's tax laws also provide substantial financial advantages for business owners. This article explores the key benefits of integrating EVs as a business asset, with a focus on the tax-deductible expenses and financial incentives available in a Canadian context.

Businesses registered for the GST and Harmonized Sales Tax (HST) in Canada must file returns and remit the tax they collect to the Canada Revenue Agency (CRA). When it comes to reporting the HST collected and the input tax credits (ITCs) they can claim, registrants have two primary options: the Quick method and the Detailed (or regular) method. Choosing the right method can significantly impact a business’s cash flow and administrative workload. This is just one aspect of strong tax advisory services, delivered to small businesses by a specialist.  Consider earning the DMA- Corporate Tax Services Specialist Designation  to gain deeper insights into tax planning & compliance to  help clients make informed decisions—like choosing the right HST method.  Here are some details about the HST filings: