News Room

Wildfires: Apply for Taxpayer Relief Provisions

It may not be the first concern, but Canadians affected by wildfires may worry at some point about the tax consequences of lost records or missed filing deadlines – the next one on June 16 for those filing T1 returns with proprietorship income. Fortunately, the CRA offers Taxpayer Relief Provisions when there are circumstances beyond a taxpayer’s control, including natural disasters, serious illness or death in the family, or errors made by the CRA, which may trigger penalties and interest due to late or incomplete tax filings. Here’s what you need to know.

Financial Literacy Leader Apply Here

On June 20, the Honourable Ted Menzies, Minister of State, Finance, announced that the selection process for the first Financial Literacy Leader of Canada was officially underway.

Tax Relief for Alberta Flood Victims

On June 22, the Canada Revenue Agency (CRA) announced that taxpayers who have been affected by the recent flooding in the Calgary area would have access to the taxpayer relief provisions, if they were unable to meet their tax obligations on time.

Evelyn Jacks: Six Laws of a Long and Happy Life

Wondering if we’ll ever get summer this year? Here’s something to ponder if you’re stuck at the cottage in the rain. . .the six laws of a long and happy life.

Manage Quarterly Instalments for 2013

Avoid owing more than $2,999 at your balance due date. Here's why...

Critical Illness: MFA and DFA-Specialists Can Help

Do you know of someone dealing with the devastation of critical illness? There is much we can do from a tax efficiency point of view to help and guide families. 

Hey Big Buddy: Truckers Can Take a Detour to Tax Relief

Tax compliance: You can’t escape it, even if you’re a long distance trucker. 
 
 
 
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
    8 votes
    53.33%
  • No
    7 votes
    46.67%