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Rent

Rent Payment to Non-Residents & Beneficial Ownership of Real Estate

Amounts paid to a non-resident as rent for the right to use property in Canada, including rent for the use of residential real estate, are generally subject to withholding tax. Such amounts must be remitted to CRA.Recent legislative

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Savings

TFSA Excess Contributions: Decline in Value

A July 25, 2025 Federal Court case found that CRA s denial of penalty tax relief on excess TFSA contributions was reasonable. Due to the loss of value in the taxpayer s TFSA, the taxpayer could not withdraw

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Disclosure

Voluntary Disclosures: Changes to the Program

The voluntary disclosures program (VDP) provides taxpayers with a chance to correct past tax errors or omissions before CRA finds them. If CRA accepts a disclosure, taxpayers may receive some penalty and interest relief and will not be

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Homebuyers

First-Time Home Buyers’ (FTHB) GST Rebate: Relief for New Home Purchases

The government has proposed to provide GST relief on the purchase of new homes valued at up to $1.5 million by first-time home buyers. Eligible purchases would be entitled to a 100% GST rebate on homes valued at

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New Business

New Business Registration Number Process: Shift Online

Effective November 3, 2025, most new CRA business number registrations, including adding new program accounts to existing business numbers, must be done online through CRA’s Business Registration Online (BRO) system. Calls to the CRA business enquiries phone line

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Year-end Tax Planning Considerations – 2025 Edition

December 31, 2025 is fast approaching… see below for a list of tax planning considerations. Please contact us for further details or to discuss whether these may apply to your tax situation. 1) In 2024, the government proposed

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Tax refund

Changing Direct Deposit Information & Automatic Electronic Correspondence for Some Individuals

Individuals can now register for and update their direct deposit information only through CRA s online portal or through their bank or credit union. Alternatively, they can request a change by mailing a form to CRA; however, CRA

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Child spousal support changes

Child/Spousal Support Amounts: Changing the Agreement

Spousal support payments are generally taxable to the recipient and deductible by the payer. On the other hand, child support payments are neither taxable to the recipient nor deductible to the payer. Any support amount that is not

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Post office

Canada Post Strike Update

The most recent Canada Post strike commenced on September 25, 2025. Shortly after, CRA provided an update on the impact, including the following guidance: taxpayers are still responsible for meeting their tax obligations, and are encouraged to file

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Clothing

Can Therapists Deduct Clothing Expenses ?

A July 30, 2025 Tax Court of Canada case considered whether luxury clothing expenses claimed by a commissioned employee for the 2016 to 2018 taxation years were deductible against the individual’s employment income. The taxpayer worked as a

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