Life in the Tax Lane (Canada)

Video Tax News
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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.

Episodes

  1. February 2026 - Crypto-Assets Reviews and Audits | Crypto-Assets – Income or Capital Gains? | COVID-19 Benefits – Collections | Canada Student Loan Forgiveness Program | Beneficial Ownership | Shareholder Benefit on Land Realty Transfer

    FEB 3

    February 2026 - Crypto-Assets Reviews and Audits | Crypto-Assets – Income or Capital Gains? | COVID-19 Benefits – Collections | Canada Student Loan Forgiveness Program | Beneficial Ownership | Shareholder Benefit on Land Realty Transfer

    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/courses Program Recorded: January 20, 2026 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. January 2026 - Cancellation of OAS Enrollment | Election to Stop Contributing to CPP | Trust Filing Rules – Bare Trust Arrangements | Trucking Sector – Lifting the T4A Penalty Moratorium | RRIF Minimum Withdrawal Proposal – Abandoned | CRA Service

    JAN 6

    January 2026 - Cancellation of OAS Enrollment | Election to Stop Contributing to CPP | Trust Filing Rules – Bare Trust Arrangements | Trucking Sector – Lifting the T4A Penalty Moratorium | RRIF Minimum Withdrawal Proposal – Abandoned | CRA Service

    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-2026 Learn more about available courses: https://members.videotax.com/courses Program Recorded: December 18, 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.

    10 min
  3. December 2025 - First-time Home Buyers' GST Rebate – Effective Date | Automatic Tax Filing for Individuals – Budget 2025 | Failure to Make Electronic Payments | Tax Payment Grace Period | Delayed Slips Posted Online by CRA | &more

    12/02/2025

    December 2025 - First-time Home Buyers' GST Rebate – Effective Date | Automatic Tax Filing for Individuals – Budget 2025 | Failure to Make Electronic Payments | Tax Payment Grace Period | Delayed Slips Posted Online by CRA | &more

    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-2025 Learn more about available courses: https://members.videotax.com/courses Program Recorded: November 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
  4. November 2025 - Auditor General Report on CRA Contact Centres | CRA Services – 100-Day Plan | Draft Legislation – Filing Requirements for NPOs | Corporations – Mandatory Electronic Filing | Financial Transactions and Reports – Risk? & more

    11/04/2025

    November 2025 - Auditor General Report on CRA Contact Centres | CRA Services – 100-Day Plan | Draft Legislation – Filing Requirements for NPOs | Corporations – Mandatory Electronic Filing | Financial Transactions and Reports – Risk? & more

    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-2025 Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025 Program Recorded: October 24, 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
  5. October 2025 - Trust Disclosures | Moving Expenses – Travel Distance | Auto Personal Tax Filing–CRA Consultation and more

    09/29/2025

    October 2025 - Trust Disclosures | Moving Expenses – Travel Distance | Auto Personal Tax Filing–CRA Consultation and more

    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-2025 Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025 Program Recorded: September 17, 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
  6. September 2025 - 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 Employee

    08/26/2025

    September 2025 - 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 Employee

    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 Employee Sources:  https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-september-2025 Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025 Program Recorded: August 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
  • 6 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 - 2026
  • Episodes
    6
  • Rating
    Clean
  • Copyright
     © 1980-2025  Video Tax News Inc, All rights reserved.
  • Show Website
    Life in the Tax Lane (Canada)

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