Life in the Tax Lane (Canada)

Video Tax News
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Life in the Tax Lane (Canada)

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.

Episodes

  1. March 2025 - Personal Tax Filing Statistics | Reporting Rules For Digital Platform Operators | Delayed Filings | Capital Gains | Charitable Contribution Extension | Individual Canada Carbon Rebate – Rural Supplement

    1 DAY AGO

    March 2025 - Personal Tax Filing Statistics | Reporting Rules For Digital Platform Operators | Delayed Filings | Capital Gains | Charitable Contribution Extension | Individual Canada Carbon Rebate – Rural Supplement

    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 Supplement Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-march-2025-episode-118 Program recorded Feb 21, 2025 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. 2025, All Rights Reserved.

    11 min
  2. February 2025 - Uncertain and Unlegislated Proposals | Select 2024 and 2025 Developments | Late Objections | Automatic Tax Filing? | Donation by Spouse Prior to Marriage | Losses from Personal Scams

    FEB 3

    February 2025 - Uncertain and Unlegislated Proposals | Select 2024 and 2025 Developments | Late Objections | Automatic Tax Filing? | Donation by Spouse Prior to Marriage | Losses from Personal Scams

    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 Scams Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-february-2025-episode-117 Program Recorded: January 28, 2025 NOTE: 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.html 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. 2025, All Rights Reserved.

    11 min
  3. January 2025 - GST/HST Temporary Holiday | 2024 Fall Economic Statement – Select Issues | T-slip Update | CEWS Reviews | Underused Housing Tax – Select Issues

    JAN 2

    January 2025 - GST/HST Temporary Holiday | 2024 Fall Economic Statement – Select Issues | T-slip Update | CEWS Reviews | Underused Housing Tax – Select Issues

    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-116 Program 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.

    11 min
  4. December 2024 - GST/HST Relief on "Grocery and Holiday" Essentials | Working Canadians Rebate | Capital Gains Inclusion Rate Increase – Taxpayer Relief | CRA Online Services – Transfer of Individual Payments Online | My Business Account – Electro

    11/29/2024

    December 2024 - GST/HST Relief on "Grocery and Holiday" Essentials | Working Canadians Rebate | Capital Gains Inclusion Rate Increase – Taxpayer Relief | CRA Online Services – Transfer of Individual Payments Online | My Business Account – Electro

    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-115 Program 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.

    11 min
  5. November 2024 - Canada Carbon Rebate – Payments | Capital Gains Changes – Impact of Delays | CRA’s Digital Improvements | Tax Tip – Crypto-Assets – Required Records | CRA Service Consultation | Secondary Suites – Various Implications

    11/01/2024

    November 2024 - Canada Carbon Rebate – Payments | Capital Gains Changes – Impact of Delays | CRA’s Digital Improvements | Tax Tip – Crypto-Assets – Required Records | CRA Service Consultation | Secondary Suites – Various Implications

    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-114 Program Recorded: October 25, 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.

    11 min
  6. October 2024 - Canada Business Corporation Act – Public Registry | Registered Education Savings Plan – Contribution Considerations | TFSA Excess Contributions – Decline in Value | Shareholder Loan Account – Proper Bookkeeping | Input Tax Credit

    09/27/2024

    October 2024 - Canada Business Corporation Act – Public Registry | Registered Education Savings Plan – Contribution Considerations | TFSA Excess Contributions – Decline in Value | Shareholder Loan Account – Proper Bookkeeping | Input Tax Credit

    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, 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.

    11 min

  7. 09/18/2024

    September 2024 - 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

    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.

    11 min

  8. 07/30/2024

    August 2024 - Bare Trust Issues – Current Events | Canada Disability Benefit – Proposed Regulations | CRA Service Standards | Personal Services Business | Employee Ownership Trusts – Exemption or Deferral?

    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.

    11 min

  9. 07/02/2024

    July 2024 - Capital Gains Inclusion Rate Changes | Non-Resident Sellers of Canadian Real Estate | Use of Corporate Assets by Shareholder | CRA Guidance – Receipts | Bare Trust Reporting Rules | Gross Negligence Penalties

    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.

    11 min

  10. 05/31/2024

    June 2024 - Fees for Services Consultation | Real Estate – CRA Audit Activity | Capital Gains Inclusion Rate – Budget 2024 | CEBA – Collection Process | Spousal Income Attribution | Canada Carbon Rebate for Small Businesses | Canadian Dental Ca

    Topics discussed (sources linked): Fees for Services ConsultationReal Estate – CRA Audit Activity Capital Gains Inclusion Rate – Budget 2024 – Source 1, Source 2 and Source 3CEBA – Collection Process – Source 1 and Source 2Spousal Income Attribution Canada Carbon Rebate for Small Businesses – Source 1 and Source 2Canadian Dental Care Plan Update – Source 1 and Source 2Like what you're listening to? Join our mailing list at videotax.com/mailing-list to stay informed about 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.

    11 min
  • 10 Episodes

About

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.

Information

  • Creator
    Video Tax News
  • Years Active
    2017 - 2025
  • Episodes
    10
  • Rating
    Clean
  • Copyright
     © 1980-2024  Video Tax News Inc, All rights reserved.
  • Show Website
    Life in the Tax Lane (Canada)

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