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.

2015 Tax Brackets and Personal Amounts Announced

This week CRA announced the indexation factor for 2015 (1.7%) and the resulting federal brackets and rates for 2015.  Tax rates, of course, remain unchanged.

Year End RRSP Review:  Overcontributions?

How many times have you prepared a return for a client who has made an RRSP contribution (either to their own or their spouse’s RRSP) but really should not have?

CRA’s Attempt to Grab $6 million Denied

The British Columbia Supreme Court (BCSC) recently made a ruling that was not only favourable to the taxpayer, but also set a welcome precedent for future taxpayers that enter into transactions with unintended tax consequences.

Kick Start 2015 Financial Plans

When it comes to family tax essentials you need to grasp in building wealth for your future, there is Both good news and bad news in the new Family Tax Cut provisions.

It’s Financial Literacy Month in Canada

In celebration we  urge you to speak to your clients and their family about their Financial Fitness.  To help, Knowledge Bureau has three important resources for you:

Knowledge Bureau Designate Highlight

Grow your business with the MFA-Succession and Estate Specialist™ Designation.
 
 
 
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%