T1 Filing Deadline 2026: April 30 Is Not a Suggestion
The deadline to file your 2025 T1 return is April 30, 2026 — and late-filing penalties start accruing on May 1. Self-employed individuals get until June 15, but any balance owing is still due April 30.
2026 Automobile Deduction Limits: Class 10.1 and Leasing Caps Updated
The CRA announced updated automobile deduction limits for 2026: the Class 10.1 ceiling rises to $38,000 and the monthly lease deduction cap is now $1,050. These limits affect both employees and the self-employed.
Temporary GST/HST Holiday: What Was Exempt and What Wasn't
From December 14, 2024 to February 15, 2025, the federal government applied a zero-rate to groceries, children's clothing, restaurant meals, and select other goods. This article explains the rules and how to handle returns.
Bare Trust Reporting: CRA's New T3 Requirements and Who Is Affected
After waiving the T3 bare trust filing requirement for 2023, the CRA confirmed the rules apply for the 2024 tax year. Joint bank accounts, nominee ownership arrangements, and in-trust accounts for minors are all in scope.
CRA Voluntary Disclosure: How to Come Clean Before They Find You
The CRA's Voluntary Disclosures Program lets taxpayers correct errors or omissions before the CRA contacts them — reducing or eliminating penalties and in some cases interest. Here's who qualifies and how to apply.
New T3 Trust Reporting Rules: What Every Trustee Needs to Know
Starting with the 2023 tax year, most trusts — including bare trusts that were previously exempt — must file a T3 Return and disclose the identity of all trustees, beneficiaries, and settlors. This article explains the new Schedules 14 and 15.