In a September 23, 2025 French Court of Quebec case, an individual accidentally sold shares, triggering a $67,362 capital gain, while reviewing his stock portfolio on his phone while on pain medicine in the hospital. Realizing his error the next day, he immediately repurchased the shares. The taxpayer argued that there was no sale of… Read more »

In a recently released November 20, 2023 Technical Interpretation, CRA considered whether a resident participating in a housing agreement involving regular payments towards a future option to buy a property held beneficial ownership or a leasehold interest for purposes of the principal residence exemption (PRE). The agreement allowed the taxpayer to occupy the unit and… Read more »

In a November 7, 2025 French Court of Quebec case, the taxpayer was assessed with business income of $284,661 in 2015 related to the sale of a house built on land she owned. The taxpayer argued that she acted as a nominee for her former spouse, who allegedly carried out the project, and, as such,… Read more »

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 amendments would provide an exception from this withholding requirement in certain cases. The effective date of… Read more »

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 will be directed to the BRO webpage. CRA has noted the following situations where online registration cannot… Read more »

An employee may elect to stop contributing to CPP, provided they are at least 65 years of age (but under 70), receive a CPP or QPP retirement pension and have earnings subject to CPP contributions. A November 13, 2025 Tax Court of Canada case reviewed the timing of an employee’s election to cease contributing to… Read more »

OAS provides a monthly income-sensitive payment to eligible individuals aged 65 and older. Individuals who normally receive OAS are occasionally surprised when some OAS is subject to a special tax (commonly referred to as a “clawback”) with their personal tax filings due to high earnings. In particular, OAS is clawed back at a rate of… Read more »

To address perceived tax non-compliance in the trucking sector, CRA announced that penalties will now apply when businesses in the trucking industry fail to file T4A slips reporting fees for services (Box 048) exceeding $500 paid to CCPCs (Canadian-controlled private corporations) in the trucking industry, commencing for the 2025 calendar year. CRA indicated that a… Read more »

Some quick points to consider… – CRA will receive information from online digital platforms that facilitate the sale of goods and provisions of services, such as Airbnb, VRBO, Uber, etc., in respect of the 2025 calendar year, by January 31, 2026. Ensure that all income is properly reported. – The first-time home buyers’ GST/HST rebate,… Read more »

Starting July 3, 2025, CRA changed the delivery method for most mail from paper to online only for approximately 500,000 individual benefit recipients. As of September 4, 2025, CRA expanded this project to include an additional 900,000 individuals and broadened the scope beyond just benefit recipients.  This change applies to some individuals who are registered… Read more »