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Thursday, December 18, 2025

Life in the Tax Lane

May 2025 Edition - CRA Slip Delays, Penalties & Trust Filing Tips

The May 2025 edition of Life in the Tax Lane is now available — packed with timely updates every Canadian accountant needs to know.

In this fast-paced 10-minute episode, the Video Tax News team covers:

    • CRA’s tax slip upload delays — T1 season is not done yet!

    • Repeated failure to report income — how missing slips can lead to big penalties

    • CRA updates on trust and bare trust reporting — and what to fix from last year

    • A real-world T1135 case — foreign assets, missed filings and steep consequences

    • CRA’s shift to online-only mail for businesses — prepare and protect your clients

    • Canadian Dental Care Plan expansion — and why a timely return matters

As you close out another busy personal tax season, take 10 minutes to catch up on the latest changes and get ahead of upcoming compliance challenges. Click the icon below watch now!

For questions or concerns, please reach out to Chris Bodnar.