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.

DAC 2015 is Heading to Puerto Vallarta, Mexico

The Distinguished Advisor Conference™ (DAC) will be held November 8-11, 2015 in Puerto Vallarta.

Happy New Year:  2015 is Brimming with Generous Tax Preferences

Happy New Year and welcome to a brand new tax year. 

Tax Changes for 2015

The new tax forms were available as of January 7 and CRA has recently posted a partial list of new tax and benefit changes and online services for the 2015 tax filing season, encouraging people to file online and use their online services.

CRA Not Entitled to Rectification Application

The Ontario Superior Court of Justice recently held that in certain circumstances the Canada Revenue Agency (CRA) is not entitled to notice of a rectification application as it pertains to a trust.

New Contractual Duty of Good Faith

Recently, a unanimous Supreme Court of Canada (SCC) recently created a new common law duty of good faith between contractual parties in Canada. This new extension of the common law will certainly affect business in Canada, but just how far the duty will extend is yet to be known.

ORPP is now a Legislative Requirement

Bill 56, an Act to require the establishment of the Ontario Retirement Pension Plan was introduced and received first reading in the Ontario Legislature on December 8, 2014. 
 
 
 
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%