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Life in the Tax Lane (Canada)
Life in the Tax Lane (Canada)
Author: Video Tax News
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© 1980-2025 Video Tax News Inc, All rights reserved.
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These 10-minute podcasts are a rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. For more information go to www.videotax.com.
26 Episodes
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February’s episode of Life in the Tax Lane is here!With Valentine’s Day approaching, the Video Tax News team shares a timely roundup of tax issues that may not be especially romantic, but are front of mind as filing season approaches.This fast-paced episode covers:Crypto-Assets Reviews and Audits: CRA is intensifying audit activity, focusing on non-filing, underreporting, and weak documentation around crypto transactions.Crypto-Assets – Income or Capital Gains?: A recent court case reinforces that trading intent and activity drive income versus capital treatment.COVID-19 Benefits – Collections: CRA collections on CERB and CRB overpayments are continuing with a more aggressive tone.Canada Student Loan Forgiveness Program: Expanded eligibility may allow certain professionals to access significant loan relief.Beneficial Ownership: Adding children to title discussed in the context of estate planning.Shareholder Benefit on Land Realty Transfer: Non-FMV transfers between corporations and shareholders can trigger taxable benefits.This episode highlights where CRA scrutiny is increasing and where careful structuring and documentation remain important. Watch or listen to stay current as these issues continue to arise in everyday practice.Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-february-2026 Learn more about available courses: https://members.videotax.com/coursesProgram Recorded: January 20, 2026Life 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.
January’s episode of Life in the Tax Lane is here!Happy New Year! Join the Video Tax News team for a timely roundup of key tax developments as we head into 2026.This fast-paced episode covers:Cancellation of OAS Enrollment: A Federal Court of Appeal decision underscores the strict deadlines for cancelling automatic OAS enrollment.Election to Stop Contributing to CPP: The Tax Court provides welcome clarity where Service Canada processing delays threatened to invalidate the election to cease contributing to CPP when the individual began collecting retirement benefits at age 65.Trust Filing Rules – Bare Trust Arrangements: CRA proactively confirms relief by following Bill C-15 proposals, meaning no T3 filings are required for bare trusts with 2025 year ends.Trucking Sector – Lifting the T4A Penalty Moratorium: CRA begins immediate enforcement of T4A filing requirements for payments to incorporated drivers, with 2025 slips due by March 2, 2026.RRIF Minimum Withdrawal Proposal – Abandoned: The government confirms it will not proceed with the proposed temporary RRIF withdrawal reduction.CRA Service Improvements – Disability Tax Credit: Ongoing delays in processing Disability Tax Credit applications are reviewed, along with recent recommendations from the Taxpayer’s Ombudsperson to better support vulnerable taxpayers.Watch the free 10-minute video now to stay informed, stay compliant, and stay ahead of the curve on issues that matter most to Canadian tax professionals.Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-january-2026Learn more about available courses: https://members.videotax.com/coursesProgram Recorded: December 18, 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.
December’s episode of Life in the Tax Lane is here!Join the Video Tax News team for a quick roundup of the latest tax developments. This fast-paced episode covers:First-time Home Buyers' GST rebate, including a retroactive contract date change that could mean up to $50,000 in savings.Automatic tax filing starting in 2025 for select low-income individuals—who qualifies and how it works.Failure to make electronic payments, CRA providing relief for clients who still rely on cheques.Tax payment grace period clarity: CRA confirms a 20-day interest-free window for taxpayers to pay assessed balances once notified.Delayed slips posted online by CRA during last filing season and what CRA says to expect this year.Repetitive pre- and post-assessment requests for donations, medical expenses, and more—impact of compliance history.Heightened enforcement in the trucking industry targeting misclassification and personal services business concerns, with potential implications for other sectors using incorporated contractors.Watch the free 10-minute video now to stay informed, stay compliant, and stay ahead of the curve on issues that matter most to Canadian tax professionals.Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-december-2025Learn more about available courses: https://members.videotax.com/coursesProgram Recorded: November 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.
November’s episode of Life in the Tax Lane is here!Join the Video Tax News team for a quick roundup of the latest tax developments. This is a great way to stay sharp before the Budget news begins to roll in.In this edition, the Video Tax News team covers:Auditor General Report on CRA Contact Centres: Key findings discussedCRA Services – 100-Day Plan: What’s changing and how it affects your practiceDraft Legislation – Filing Requirements for NPOs: Why even the smallest clubs may soon need to file returnsCorporations – Mandatory Electronic Filing: Avoid $1,000 penalties for paper-filed returnsFinancial Transactions and Reports – Risk? How routine transactions could create riskBusiness in the Home Expenses: Lessons from a recent court caseSources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-november-2025Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025Program Recorded: October 24, 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.
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.
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.
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.
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.
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.
The May 2025 edition of Life in the Tax Lane is now available — packed with timely updates every Canadian accountant needs to know. In this fast-paced 10-minute episode, the Video Tax News team covers:CRA’s tax slip upload delays — T1 season is not done yet!Repeated failure to report income — how missing slips can lead to big penaltiesCRA updates on trust and bare trust reporting — and what to fix from last yearA real-world T1135 case — foreign assets, missed filings and steep consequencesCRA’s shift to online-only mail for businesses — prepare and protect your clientsCanadian Dental Care Plan expansion — and why a timely return matters Topics: Delayed Tax Slips | Repeated Failure to Report Income – Returns Filed Concurrently | Trust Reporting – CRA Guidance Update | Form T1135 – Multiple Penalties | Transition to CRA Digital Mail for Businesses | Canadian Dental Care PlanSources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-may-2025-episode-120Register or learn more about "Demystifying AI for Accountants: Risks, Rewards and Ethics" go to https://members.videotax.com/courses/demystifying-ai-for-accountants-risks-rewards-and-ethicsLife 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.
April's Life in the Tax Lane is Now Available!Just when Canadians thought spring had arrived, Mother Nature threw us a curveball with late-season snow, ice storms, and enough potholes to keep our suspension shops busy across the country. As we shovel out (again!), dodge those springtime craters, and gear up for a busy tax season, set aside 10 minutes to catch the latest edition of Life in the Tax Lane! This free, fast-paced video, designed for Canadian tax professionals, delivers insightful updates on key tax developments from the past month.What’s in store this month?April’s edition of Life in the Tax Lane dives into several pressing topics for Canadian tax professionals.Gig WorkersA new H&R Block survey revealed that 30% of gig workers don’t plan to fully report their income for 2024, but with new disclosure requirements for platforms like Airbnb and Uber, 71% are reconsidering.Federal Carbon TaxPrime Minister Mark Carney’s directive eliminated the federal carbon tax, but questions remain about small business carbon rebates, which CRA still considers taxable due to pending legislative changes.Taxpayer Relief – Capital Gains Inclusion RateDelayed forms, inconsistent communication, and ongoing uncertainty surrounding the capital gains inclusion rate have left many taxpayers in limbo—although late-breaking news on March 21, 2025, brought some relief as Carney announced the cancellation of the proposed increase.Ombudsperson's Report on Bare Trust RulesThe Office of the Taxpayers’ Ombudsperson also weighed in on last year’s bare trust filing confusion, tasking CRA with improving processes to minimize future compliance burdens.Topics: Gig Workers| Federal Carbon Tax | Taxpayer Relief – Capital Gains Inclusion Rate* | Ombudsperson's Report on Bare Trust Rules*Late Breaking News: On March 21, 2025 – Prime Minister Mark Carney announced the cancellation of the proposed increase to the capital gains inclusion rate. Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-april-2025-episode-119Program recorded March 20, 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.
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.
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.
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.
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.
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.
Happy October! With a new month comes a new episode of "Life in the Tax Lane." The Video Tax News Team is back with another fast-paced 10-minute video. It’s packed with essential updates for Canadian tax professionals.Topics:Canada Business Corporation Act – Public RegistryRegistered Education Savings Plan – Contribution Considerations TFSA Excess Contributions – Decline in ValueShareholder Loan Account – Proper BookkeepingInput Tax Credit – Shareholder Purchasing Asset IRS Collection of Canadian Taxes For sources from this episode, click here. Program recorded: September 18, 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.
As we settle into September and the start of fall, it's time for another edition of “Life in the Tax Lane”! Joe, Cait and Hugh are back for this month’s 10-minute podcast covering key updates on draft legislation related to capital gains inclusion rate, trust reporting, alternative minimum tax, and more.Topics discussed:Capital Gains Inclusion Rate Increase – Draft Legislation Trust Reporting – Draft Legislation Trust Distributions Violating Trust Terms Alternative Minimum Tax – Draft Legislation Post-Mortem Losses – Draft Legislation Collection of GST/HST by Accommodation PlatformClick here to view sources.Like what you are watching? Join our mailing list at videotax.com/mailing-list to stay in the know with new video releases, products and upcoming promotions.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.
Topics discussed (with sources linked)Bare Trust Issues – Current Events – Source 1, Source 2 and Source 3Canada Disability Benefit – Proposed RegulationsCRA Service StandardsPersonal Services Business Employee Ownership Trusts – Exemption or Deferral? – Source 1, Source 2 and Source 3 (third-party paywall)Like what you are watching? Join our mailing list at videotax.com/mailing-list to stay in the know with new video releases, products and upcoming promotions.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.
Topics discussed (with sources linked):Capital Gains Inclusion Rate Changes – Source 1 and Source 2Non-Resident Sellers of Canadian Real Estate – Source 1 and Source 2Use of Corporate Assets by ShareholderCRA Guidance – Receipts Bare Trust Reporting Rules – Source 1 and Source 2Gross Negligence PenaltiesLike what you are watching? Join our mailing list at videotax.com/mailing-list to stay in the know with new video releases, products and upcoming promotions.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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"Life in the Tax Lane" is a must-listen for anyone navigating Canadian taxes. It offers clear insights on tax law changes and strategies, helping individuals and businesses stay informed. Tax accountants can use these updates to provide better advice, optimize deductions, and ensure compliance—making the podcast a great resource for professionals and clients alike! visit: https://legendfusions.com/ca/