Life in the Tax Lane (Canada)

• October 2025 - Trust Disclosures | Moving Expenses – Travel Distance | Auto Personal Tax Filing–CRA Consultation and more

  October’s Life in the Tax Lane is ready! October has arrived, and with the “Monday of months” (September) behind us, we can turn our attention to the latest tax updates for tax professionals. In this edition, the Video Tax News team covers:Trust Disclosures: Some deemed trusts within NPOs must file, but they don’t need to list members as beneficiaries. Certain investment trusts also face disclosure rules.Moving Expenses – Travel Distance: Courts confirmed it is acceptable to use technology such as Google Maps to measure distances. The 40km test must use the shortest normal route and time of day may matter. Automatic Personal Tax Filing – CRA Consultation: CRA is seeking feedback (due Oct. 9, 2025) on automatic filing for simple tax returns.Voluntary Disclosures Program Changes: New rules apply as of Oct. 1, 2025. Unprompted applications may mean no penalties and major interest relief, while prompted applications may still get reduced penalties, but much more limited interest relief.Crypto Scams – Educational Videos: New CPA-produced educational videos share real-life examples of scam tactics, red flags to watch for, how to avoid them and what to do if victimized.Applying the Law – Fairness?: Courts continue to enforce the tax law strictly, even when outcomes appear unfair.A timely, practical roundup of key tax issues to help Canadian accounting professionals stay informed this fall.Topics: Trust Disclosures – Certain NPOs | Moving Expenses – Travel Distance | Automatic Personal Tax Filing – CRA Consultation | Voluntary Disclosures Program Changes | Crypto Scams – Educational Videos | Applying the Law – Fairness?Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-october-2025Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025Program Recorded: September 17, 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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• September 2025 - Trust Reporting – Draft Legislation | Trust Reporting – Schedule 15 Penalties | Authorization Requests for Individuals | CRA Phone Lines | CEBA – Collections Process | Deductibility of Clothing Purchases by an Employee

  Back to School with September’s Life in the Tax Lane! September is almost here, and while kids are heading back to school, it’s also time for tax professionals to brush up with the latest updates.  In this edition, the Video Tax News team covers:Trust reporting – new draft legislation, evolving filing requirements, and penalties tied to Schedule 15 disclosures.CRA authorization for individuals – recent changes to the process and a new method for representatives.CRA call centre frustrations – why calls are being redirected and how to check wait times before phoning.CEBA loan collections – CRA’s authority to redirect tax refunds and benefits to unpaid CEBA balances.Employment expenses – a recent court case on the deductibility of clothing purchases for employees. A timely, practical roundup of key tax issues to help Canadian accounting professionals stay informed this fall.Topics: Trust Reporting – Draft Legislation | Trust Reporting – Schedule 15 Penalties | Authorization Requests for Individuals | CRA Phone Lines | CEBA – Collections Process | Deductibility of Clothing Purchases by an EmployeeSources:  https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-september-2025Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025Program Recorded: August 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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• August 2025 - Canada Carbon Rebate for Small Businesses | Fees for Services – CRA Administrative Policy | Dining, Recreation and Sporting NPOs – Sale of Partially Used Property | Personal Use of Corporate Vehicles | Rental Losses

  Summer’s in full swing, but before you head back to the patio, don’t miss this month’s Life in the Tax Lane for your quick hit of essential tax news!This episode of Life in the Tax Lane delivers key Canadian tax updates in just 10 minutes. Topics include the proposed tax-free treatment of the Canada Carbon Rebate for small businesses, CRA’s administrative stance on reporting fees for services, and potential implications for not-for-profit organizations selling underutilized property.The presentation also highlights recent court decisions on the personal use of corporate-owned vehicles and rental losses stemming from family arrangements. With practical insights and timely commentary, the team offers valuable perspective on emerging tax issues for Canadian professionals.Topics: Canada Carbon Rebate for Small Businesses | Fees for Services – CRA Administrative Policy | Dining, Recreation and Sporting NPOs – Sale of Partially Used Property | Personal Use of Corporate Vehicles | Rental LossesSources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-aug-2025Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025Program Recorded: July 17, 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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• July 2025 - First-Time Home Buyers’ GST Rebate | Proposed US Tax Change – Impact on Canadian Investors | Electronic Payments – CRA Enforcement | Uncashed Cheques from CRA | Canada Disability Benefit Online Application | New Online CRA Tool – Penalty and I

  This episode of Life in the Tax Lane delivers key Canadian tax updates in just 10 minutes. Topics include a proposed GST rebate for first-time home buyers, potential U.S. tax changes affecting investment income, CRA’s administrative stance on mandatory electronic payments over $10,000, and updates to the Canada Disability Benefit.The presentation also highlights CRA’s backlog of uncashed cheques, a new taxpayer relief tool, and the meaning behind CRA’s “nudge letters.” With practical insights and timely commentary, the team offers valuable guidance on emerging tax issues for Canadian professionals.Topics: First-Time Home Buyers’ GST Rebate | Proposed US Tax Change – Impact on Canadian Investors | Electronic Payments – CRA Enforcement | Uncashed Cheques from CRA | Canada Disability Benefit Online Application | New Online CRA Tool – Penalty and Interest Relief | CRA Nudge Letters and Online Sales Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-july-2025-episode-122Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025Program Recorded: June 19, 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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• June 2025 - New Government – Tax Changes? | Personal Tax Rate Reduction | Capital Gains Exemption – 2024 Assessment Errors | CRA Online Mail for Businesses | Represent a Client – Employer Responsibility

  The June edition of Life in the Tax Lane is here! In this month’s episode, the Video Tax News team covers key updates following the federal election, including proposed tax changes, CRA enforcement, automatic individual tax filing and a review of the corporate tax system. Learn what the drop in the lowest personal tax rate means for payroll and credits.We also address CRA’s incorrect capital gains exemption assessments and how to protect objection rights.Plus, CRA is rolling out mandatory online mail for most business accounts—GST, payroll and corporate tax included. We explain how this impacts representatives and why keeping client info current is critical.Topics: New Government – Tax Changes? | Personal Tax Rate Reduction | Capital Gains Exemption – 2024 Assessment Errors | CRA Online Mail for Businesses | Represent a Client – Employer ResponsibilityLate Breaking: CPA Canada has reported that CRA is aware of incorrect assessments related to the lifetime capital gains exemption and will take corrective action. No action is required by affected taxpayers.Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-june-2025-episode-121 Don’t miss our 25% off Ethics Course Bundle and more resources at videotax.com. Program recorded: May 22, 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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