Tax Tips and Reminders – October 2025
This edition covers key tax updates including recent changes to the CRA’s Voluntary Disclosures Program, court rulings on TFSA overcontributions and employment expense claims, and clarification on deductible moving expenses.
It also highlights important developments like the Canada Post strike’s impact on tax obligations and changes to CRA’s direct deposit and electronic mail processes.
Taxpayers should be aware of stricter disclosure requirements, limited relief for certain TFSA situations, and the importance of accurate documentation in support or expense claims.
Read the full newsletter here: Link
If you have questions about how these updates may affect your personal or business taxes, or if you’d like to discuss year-end tax planning, please don’t hesitate to contact our office at 905-891-5339.
