News Room

Time’s Up: CRA’s 100 Day Mandate for Improvement

After years of frustration on the part of tax professionals and taxpayers alike, the Finance Minister ordered the Canada Revenue Agency to clean up its act in 100 days. Specifically, the improvement plan was to run from September 2 through December 11. Finance Minister and Minister of National Revenue, Francoise-Phillippe Champagne instructed CRA to fix “unacceptable wait times and service delays.” Time’s up this week and CRA has released an update on progress. What gets measured, gets done. Let’s see what CRA’s metrics show. 

From civil to criminal

A civil third-party penalty has been judged a criminal penalty, shifting the burden of proof to beyond a reasonable doubt and shaking up the Canada Revenue Agency (CRA).

Canada’s Great Recession

Canada’s Great Recession started in November 2008 and lasted seven months until May 2009, says the C.D. Howe Institute’s newly established Business Cycle Council.

Featured Certificate: Certified Personal Tax Practitioner Diploma

Tax preparers, planners and advisors need to know the details of continuous tax change, using expert professional tax software and research skills.

Featured Book: Make Sure It’s Deductible

Exclusive offer for KBR readers: $14.95 (regular $22.95) Make Sure It's Deductible by Evelyn Jacks

Step one: set your goals, says David Christianson

Winnipeg financial planner David Christianson says Managing the Bull is the first book you need to read.

Economic update: Dispelling global uncertainty

In many ways, Canadians have put the Great Recession behind them. Yet, the cloud of global uncertainty is casting a pall on Canadians’ expectations and businesses’ spending.
 
 
 
Knowledge Bureau Poll Question

It costs a lot more to go to work these days. Should the Canada Employment Credit of $1501 for 2026 be raised higher to account for this?

  • Yes
    35 votes
    87.5%
  • No
    5 votes
    12.5%