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CRA Compliance Trends for 2025: What Tax Advisors Need to Know

The Canada Revenue Agency’s 2025–26 planning cycle signals one of the most significant shifts in compliance strategy in over a decade. With draft legislation released in 2025 proposing expanded audit powers, accelerated information‑gathering mechanisms, and a renewed focus on tax transparency, advisors should expect a more assertive and data‑driven CRA in the coming filing seasons. […]
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Updated Tax Brackets and Thresholds: How They Impact Your 2025 Refund

Each tax season brings questions and sometimes anxiety from taxpayers — “Will I get a refund?”, “How much tax will I owe?”, “Has anything changed this year?” For 2025, the answer is yes: there are important changes to the federal tax brackets and thresholds, and those changes can meaningfully influence your 2025 tax outcome. That’s […]
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How New Canadians Can Make the Most of Tax Credits in Their First Year

Moving to Canada is an exciting milestone, but it also comes with new systems to navigate—especially when it comes to taxes. Many newcomers are surprised to learn that they may qualify for several federal and provincial tax credits during their very first year of residency. Understanding these benefits can make a meaningful difference in your […]
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End-of-Year Tax Planning: What to Do Before December 31 to Save Money

As the year draws to a close, it’s time to think about more than just holiday plans and year-end celebrations. For Canadians, December 31 marks an important financial deadline — it’s your last chance to make moves that can significantly reduce your tax bill for the year. Effective year-end tax planning isn’t about scrambling at […]
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CRA’s Latest Audit Priorities for 2025 – What Businesses Should Know

Running a business in Canada means balancing growth with compliance—and few things can disrupt operations more than a Canada Revenue Agency (CRA) audit. Each year, the CRA identifies key areas of focus for its audit and compliance activities. For 2025, these priorities reflect the CRA’s ongoing efforts to address tax evasion, improve fairness in the […]
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Tax Planning for the Remainder of 2025: What Canadians Should Do Before Year-End

As we move into the final stretch of 2025, August presents an ideal time for individuals and business owners across Canada to reassess their financial strategies and make proactive tax planning decisions. While it may seem like there’s still time before the April 2026 tax filing deadline, the most effective tax strategies are often implemented […]
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