Life in the Tax Lane (Canada)

• March 2025 - Personal Tax Filing Statistics | Reporting Rules For Digital Platform Operators | Delayed Filings | Capital Gains | Charitable Contribution Extension | Individual Canada Carbon Rebate – Rural Supplement

  As the personal tax season kicks off—and with March weather keeping Canadians guessing—there’s no better time to catch the latest edition of Life in the Tax Lane! This free, fast-paced 10-minute video for Canadian tax professionals delivers insightful discussions on key tax developments from the past month.This month, the Video Tax News Team dives into the busy personal tax season, exploring the surge in working-from-home expense claims, new disclosure requirements for online digital platform operators like Airbnb, Uber, and Etsy, and the impact of delayed reporting to the CRA. They also discuss the CRA’s penalty relief for T-slip filing, the latest on capital gains inclusion rate changes, charitable contribution extension and updates on proposed expanded eligibility for the Canada Carbon Rebate .Topics: Personal Tax Filing Statistics | Reporting Rules For Digital Platform Operators | Delayed Filings | Capital Gains | Charitable Contribution Extension | Individual Canada Carbon Rebate – Rural SupplementSources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-march-2025-episode-118Program recorded Feb 21, 2025Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2025, All Rights Reserved.

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• February 2025 - Uncertain and Unlegislated Proposals | Select 2024 and 2025 Developments | Late Objections | Automatic Tax Filing? | Donation by Spouse Prior to Marriage | Losses from Personal Scams

  February's Life in the Tax Lane is here! A new month brings new tax developments! As we move further into 2025, stay ahead with the latest edition of Life in the Tax Lane. This free, fast-paced 10-minute video for Canadian tax professionals delivers insightful discussions on key updates shaping the world of Canadian tax.This month, the Video Tax News Team discusses the uncertainty surrounding unlegislated tax proposals, including the capital gains inclusion rate increase and CRA’s evolving approach to administering unenacted rules. Stay informed on selected 2024 and 2025 developments affecting trusts, short-term rentals, and CPP contributions and more. The discussion also covers important timing considerations for filing objections, CRA’s potential move toward automatic tax filing for certain taxpayers, the tax treatment of pre-marriage charitable donations by a spouse, and that losses from personal scams are non-deductible in most cases.Topics: Uncertain and Unlegislated Proposals | Select 2024 and 2025 Developments | Late Objections | Automatic Tax Filing? | Donation by Spouse Prior to Marriage | Losses from Personal ScamsSources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-february-2025-episode-117Program Recorded: January 28, 2025NOTE: This episode was recorded prior to the capital gains inclusion rate change deferral. For information on that change, see:Finance release - https://www.canada.ca/en/department-finance/news/2025/01/government-of-canada-announces-deferral-in-implementation-of-change-to-capital-gains-inclusion-rate.htmlCRA release - https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2025/update-cra-administration-proposed-capital-gains-taxation-changes.htmlLife in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2025, All Rights Reserved.

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• January 2025 - GST/HST Temporary Holiday | 2024 Fall Economic Statement – Select Issues | T-slip Update | CEWS Reviews | Underused Housing Tax – Select Issues

  Kick off 2025 with the latest edition of Life in the Tax Lane! This free 10-minute podcast for Canadian tax professionals delivers a fast-paced discussion of recent updates in the world of Canadian tax.Topics: GST/HST Temporary Holiday 2024 Fall Economic Statement – Select Issues T-slip Update   CEWS Reviews Underused Housing Tax – Select Issues Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-january-2025-episode-116Program Recorded: December 19, 2024.Stay informed and prepared as the new year begins. Listen to this month’s episode now!Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2024, All Rights Reserved.

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• December 2024 - GST/HST Relief on "Grocery and Holiday" Essentials | Working Canadians Rebate | Capital Gains Inclusion Rate Increase – Taxpayer Relief | CRA Online Services – Transfer of Individual Payments Online | My Business Account – Electronic Communication

  The December edition of Life in the Tax Lane is here to wrap up the year! This free 10-minute presentation for Canadian tax professionals delivers a rapid-fire discussion of recent developments in the wonderful world of Canadian tax.Topics:GST/HST Relief on "Grocery and Holiday" Essentials  Working Canadians Rebate Capital Gains Inclusion Rate Increase – Taxpayer ReliefCRA Online Services – Transfer of Individual Payments OnlineMy Business Account – Electronic CommunicationSources - https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-december-2024-episode-115Program Recorded: November 27, 2024.Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2024, All Rights Reserved.

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• November 2024 - Canada Carbon Rebate – Payments | Capital Gains Changes – Impact of Delays | CRA’s Digital Improvements | Tax Tip – Crypto-Assets – Required Records | CRA Service Consultation | Secondary Suites – Various Implications

  The November edition of "Life in the Tax Lane" is here! This 10-minute video, created specifically for Canadian tax professionals, covers recent developments in Canadian tax with the Video Tax News Team.Topics: Canada Carbon Rebate – Payments Capital Gains Changes – Impact of DelaysCRA’s Digital Improvements Tax Tip – Crypto-Assets – Required Records CRA Service Consultation Secondary Suites – Various Implications For sources from this episode, go to https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-november-2024-episode-114Program Recorded: October 25, 2024Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2024, All Rights Reserved.

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