Life in the Tax Lane (Canada) – Détails, épisodes et analyse

February's Life in the Tax Lane is here! A new month brings new tax developments! As we move further into 2025, stay ahead with the latest edition of Life in the Tax Lane. This free, fast-paced 10-minute video for Canadian tax professionals delivers insightful discussions on key updates shaping the world of Canadian tax.

This month, the Video Tax News Team discusses the uncertainty surrounding unlegislated tax proposals, including the capital gains inclusion rate increase and CRA’s evolving approach to administering unenacted rules. Stay informed on selected 2024 and 2025 developments affecting trusts, short-term rentals, and CPP contributions and more. The discussion also covers important timing considerations for filing objections, CRA’s potential move toward automatic tax filing for certain taxpayers, the tax treatment of pre-marriage charitable donations by a spouse, and that losses from personal scams are non-deductible in most cases.

Topics: Uncertain and Unlegislated Proposals | Select 2024 and 2025 Developments | Late Objections | Automatic Tax Filing? | Donation by Spouse Prior to Marriage | Losses from Personal Scams

Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-february-2025-episode-117

Program Recorded: January 28, 2025

NOTE: This episode was recorded prior to the capital gains inclusion rate change deferral. For information on that change, see:
Finance release - https://www.canada.ca/en/department-finance/news/2025/01/government-of-canada-announces-deferral-in-implementation-of-change-to-capital-gains-inclusion-rate.html
CRA release - https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2025/update-cra-administration-proposed-capital-gains-taxation-changes.html

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.

Kick off 2025 with the latest edition of Life in the Tax Lane! This free 10-minute podcast for Canadian tax professionals delivers a fast-paced discussion of recent updates in the world of Canadian tax.

Topics: 

• GST/HST Temporary Holiday 
• 2024 Fall Economic Statement – Select Issues 
• T-slip Update   
• CEWS Reviews 
• Underused Housing Tax – Select Issues 

Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-january-2025-episode-116

Program Recorded: December 19, 2024.

Stay informed and prepared as the new year begins. Listen to this month’s episode now!

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.

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 Relief
• CRA Online Services – Transfer of Individual Payments Online
• My Business Account – Electronic Communication

Sources - 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.

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 Delays
• CRA’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.

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 Registry
• Registered Education Savings Plan – Contribution Considerations 
• TFSA Excess Contributions – Decline in Value
• Shareholder Loan Account – Proper Bookkeeping
• Input 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.

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 Platform

Click here to view sources.

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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.

Topics discussed (with sources linked)

• Bare Trust Issues – Current Events – Source 1, Source 2 and Source 3
• Canada Disability Benefit – Proposed Regulations
• CRA Service Standards
• Personal 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.

Topics discussed (with sources linked):

• Capital Gains Inclusion Rate Changes – Source 1 and Source 2
• Non-Resident Sellers of Canadian Real Estate – Source 1 and Source 2
• Use of Corporate Assets by Shareholder
• CRA Guidance – Receipts  
• Bare Trust Reporting Rules – Source 1 and Source 2
• Gross Negligence Penalties

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.

Topics discussed (sources linked):

• Fees for Services Consultation
• Real Estate – CRA Audit Activity 
• Capital Gains Inclusion Rate – Budget 2024 – Source 1, Source 2 and Source 3
• CEBA – Collection Process – Source 1 and Source 2
• Spousal Income Attribution 
• Canada Carbon Rebate for Small Businesses – Source 1 and Source 2
• Canadian Dental Care Plan Update – Source 1 and Source 2

Like 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.

Topics discussed (sources linked):

• 2024 Federal Budget – Capital Gains – Source 1 and Source 2
• 2024 Federal Budget – Other Items – Source 1 and Source 2
• Home Office Expenses – Multiple Employers and Clients
• Accessing CRA Online Portals
• Psychotherapy and Counselling Therapy – GST/HST – Source 1 and Source 2
• Avoiding CPP by Paying Dividends

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.