Every tax season has technical adjustments. This one has structural shifts. The 2026 filing season (for 2025 personal tax returns) reflects deeper trends in Canadian tax policy: expanded reporting, targeted relief measures, administrative digitization, and increasingly data-driven enforcement. For families…
On November 4, 2025, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, presented Budget 2025 – Canada Strong, to the House of Commons. No changes were proposed to personal or corporate tax rates. Some highlights include the…
As a taxpayer in Canada, your relationship with the Canada Revenue Agency (CRA) involves more than fulfilling your obligation to remit taxes. Many taxpayers are unaware that they are entitled to a robust set of rights designed to protect their…
Imagine standing in a vast library filled with endless shelves of books, each one holding rules, exceptions, and strategies for navigating Canada’s tax system. Overwhelming? Absolutely. But for family-owned enterprises, accountants, and legal professionals, mastering this intricate web of legislation—the…
Trust Tax Filing in Canada: The Comprehensive Guide for Trustees When it comes to managing a family trust or estate, compliance with Canadian tax regulations is critical. Trust tax filing ensures transparency, preserves financial integrity, and secures your family’s legacy…
In an era where financial decisions are more complex than ever, financial literacy becomes not just a skill, but a necessity. Shajani CPA, recognized as a Top 10 Advisory Firm in Canada and backed by 40 years of experience, is…
Enhancing Tax Literacy for Teachers and Parents – Join the Movement https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2024/teachers-parents-join-movement-enhance-tax-literacy.html What the CRA Said On September 5, 2024, the Canada Revenue Agency (CRA) launched a new initiative to promote tax literacy among students, teachers, and parents. Tax literacy…
Evaluation of Canada Growth Fund’s Investment in Svante: Balancing Innovation with Sustainable Growth for Family-Owned Enterprises https://www.canada.ca/en/department-finance/news/2024/08/deputy-prime-minister-welcomes-canada-growth-fund-investment-in-svante-to-advance-carbon-capture-technology.html In August 2024, the Canada Growth Fund announced a significant investment of US$100 million (C$137 million) in Svante, a leading Canadian cleantech company…
Clarifying the New GST/HST Exemption for Psychotherapy and Counselling Therapy Services: What Family-Owned Enterprises Need to Know https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2024/clarifying-new-gsthst-exemption-psychotherapy-counselling-therapy-services.html As of June 20, 2024, a significant change has taken place in the realm of healthcare services in Canada, specifically concerning the…
The U.S. presidential campaign trail is no stranger to bold tax proposals, but one that has recently caught the public’s attention is the idea of eliminating taxes on tips. At first glance, it seems like a compassionate move—a way to…