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.

No hiding behind inadequate records

A recently released judgment from the Tax Court of Canada testifies to the importance of good record-keeping and exemplifies a clever method that the Canada Revenue Agency (CRA) invokes when investigating taxpayers who hide behind inadequate records.

Deferring Old-Age Security

If you turn 65 before July 1, 2013, can you still opt to delay receipt of Old-Age Security (OAS)?

Use Tax-Free Zones

Everyone in Canada qualifies for the Basic Personal Amount (BPA). 

Lifestyle Column: 10 Neat Things

This week: 10 neat things about artichokes

Knowledge Bureau student honoured with Heroes of the Home Award

Congratulations to Kareen Rekowski, who was recognized by the Champlain Community Care Access Centre in November 2012.

Featured Course: Tax-Efficient Retirement Income Planning - FREE TRIAL

This leading-edge program is designed to provide structure and process for advisors interested in specializing in tax efficient retirement income planning. Try it today, risk free!
 
 
 
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
    63.16%
  • No
    7 votes
    36.84%