Preparing Clients for Tax Season
Tax season 2026 has officially started with the release of the 2025 T1 return on CRA’s web pages. There are over 60 pages that belong to the T1, including accompanying schedules, but in addition, it is possible that one or more of hundreds of auxiliary tax forms may be required. There is a lot to know, as the Burden of Proof is always on the taxpayer, and the rigor of professional knowledge required to be in public practice continues to grow exponentially. Against that backdrop, what is the best way to prepare clients this month, for what is to come as we speed towards April 30?
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Pros Required: Unwise to Dabble in Tax Preparation
Why is professional tax preparation growing in Canada? Taxes and lives are changing constantly, and the shift to a fully digital tax system now requires a full-time commitment to get it right. Errors can cost taxpayers thousands, and the entire relationship with the CRA matters. In 2024–2025, the CRA processed more than 33.2 million individual tax returns, and reported a 47% increase in objections over the previous year. As a result, even “simple returns” now demand technical accuracy, process discipline, and familiarity with Canada’s digital tax environment- making strong foundational filing skills a professional necessity.
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2026 Automobile Deduction Limits Released – Finally
The government finally announced the 2026 automobile deduction limits on January 14, 2026, significantly later than in prior years, when the announcements typically came in December. Here are the new rates, as of January 1, 2026:
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OAS Application Deadline: A Critical February Date Tax Professionals Shouldn’t Miss
As you enter the busiest time of year as tax professionals, there are several deadlines apart from April 30 that you will want to discuss with your clients. Among them is the earliest application date for Old Age Security (OAS).
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Should the Canada Employment Credit Reflect the True Cost of Going to Work?
With the rising cost of transportation, meals, clothing, and other work-related expenses, many Canadians are questioning whether the Canada Employment Credit, set at $1,501 for 2026, still reflects the real cost of earning employment income. Tax professionals, employers, and taxpayers continue to debate whether the credit should be increased, restructured, or replaced altogether. When our poll asked if the Canada Employment Credit should be increased, 87% said yes. Below are perspectives shared by tax and financial professionals across the country.
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