October 1 - Important Changes Coming to VDP

Effective October 1, 2025, important changes will be made to the Voluntary Disclosures Program (VDP) at the CRA in order to make it easier for taxpayers to correct unintentional filing errors or omissions. The details on how the changes will affect your clients are being discussed in the CE Summit held September 17 and this course is now available for online enrolment and CE accreditation, after the virtual event. Here are some highlights of the changes.

Employees may be presented with an opportunity to purchase shares in the employer’s corporation at some future date, but at a price set at the time the option was granted. This is known as the exercise price.

Knowledge Bureau has 14 online tax calculators that can help you and your clients with last minute tax and retirement planning for 2013. Get the answers needed to make sound year-end financial decisions. Try them today risk-free!

Build your tax acumen and ability to produce accurate tax returns for your clients this tax season. Enrol you and your team today for Personal Tax Bootcamp and ensure your entire staff is in tip-top shape. Last chance to register is January 6!

Move your skills beyond basic transaction data entry to developing a complete set of books for a variety of different businesses. Enrol in Advanced Bookkeeping for Multiple Businesses today.

Just in time for the holidays, Jacks on Tax is available to purchase for the “do-it-yourselfers” in your life. This easy-to-read guide will help you save both time and money by understanding the tax return and will show you how to take better control of your family’s financial affairs. This best-selling tax guide has been updated to the new tax filing rules. Get your copy today!

With the hope that it will assist taxpayers in determining the legality of their transactions before incurring significant costs, the Canada Revenue Agency (CRA) and the Income Tax Rulings Directorate (ITRD) have announced a one-year pre-ruling consultation pilot project.