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.

Get In Shape with Tax Bootcamps and Self-Study Courses

Register by June 30 for early bird "Summer School" prices.

GRADUATES: Make the Time Value of Money Work for You, Not Against You

Change your life by adopting just One Financial Habit…but what does that entail? Read The One Financial Habit that Could Change Your Life and find out! Buy 3, Get 1 Free.

Take Use of Trusts in Tax and Estate Planning for Summer School

Planning with trusts is becoming more and more common and if you can’t answer questions and explain the concept, your clients will find someone who can. Learn the pros and cons of all possible solutions for wealth and succession planning and earn a long-term and potentially intergenerational connection to your client and their family.

Quickly Estimate Your Tax Situation

The Income Tax Estimator is a simple calculator that helps determine total taxes paid for individuals and/or couples based on different combinations of income sources. See it in action with the following what-if-scenario and then try it for yourself, risk-free!

Governments Need to Budget Better, Not Raise Taxes

While opinions are split on whether increases to income tax or sales tax would be better, KBR readers largely agree that governments need to be more accountable for their spending and budgeting practices.

Bill C-60: Changes to the Discovery Process

Last week in the second part of our Bill C-60 series, we examined the changes to the tax court rules. This week we discuss changes to the discovery process.
 
 
 
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%