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. 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

    NOV 29

    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
  2. 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

    NOV 1

    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
  3. 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

    SEP 27

    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

  4. SEP 18

    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

  5. JUL 30

    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

  6. JUL 2

    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

  7. MAY 31

    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

  8. APR 29

    May 2024 - 2024 Federal Budget – Capital Gains | 2024 Federal Budget – Other Items | Home Office Expenses – Multiple Employers and Clients | Accessing CRA Online Portals | Psychotherapy and Counselling Therapy – GST/HST | Avoiding CPP by Payi

    Topics discussed (sources linked): 2024 Federal Budget – Capital Gains – Source 1 and Source 22024 Federal Budget – Other Items – Source 1 and Source 2Home Office Expenses – Multiple Employers and ClientsAccessing CRA Online PortalsPsychotherapy and Counselling Therapy – GST/HST – Source 1 and Source 2Avoiding CPP by Paying DividendsLike what you're listening to? 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. MAR 28

    April 2024 - Bare Trusts – Penalty Relief | T2200 – Employer Requirement? | Reliance on CRA's My Account | Canada Carbon Rebate | Short-Term Property Rentals – Denial of Expenses | UHT – CRA Commentary on Excluded Owner Proposals

    Topics discussed (sources linked): Bare Trusts – Penalty ReliefT2200 – Employer Requirement? Reliance on CRA's My Account  Canada Carbon RebateShort-Term Property Rentals – Denial of Expenses – Source 1 and Source 2UHT – CRA Commentary on Excluded Owner Proposals – Source 1 and Source 2* Late Breaking - Bare Trust Reporting Exemption! On March 28, 2024 (after this episode of Life in the Tax Lane was recorded), CRA announced that bare trusts would be exempt from trust reporting requirements for 2023. CRA stated: “To support ongoing efforts to ensure the effectiveness and integrity of Canada’s tax system, the Government of Canada introduced new reporting requirements for trusts. In recognition that the new reporting requirements for bare trusts have had an unintended impact on Canadians, the Canada Revenue Agency (CRA) will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust), for the 2023 tax year, unless the CRA makes a direct request for these filings. Over the coming months, the CRA will work with the Department of Finance to further clarify its guidance on this filing requirement. The CRA will communicate with Canadians as further information becomes available.” For more information, see CRA’s Tax Tip . Like what you're listening to? 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. FEB 29

    March 2024 - T1 Season – What's New – Source 1, Source 2 and Source 3 | Working From Home Expenses | CCA – Retroactive Adjustment | GST/HST Electronic Filing Reminder | Multi-Factor Authentication – Authenticator App | Cryptocurrency Losses | FH

    Topics discussed (sources linked): T1 Season – What's New – Source 1, Source 2 and Source 3Working From Home ExpensesCCA – Retroactive Adjustment GST/HST Electronic Filing Reminder Multi-Factor Authentication – Authenticator AppCryptocurrency Losses FHSA – Constructing a HomeLike what you are listening to? 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 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 - 2024
  • 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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