Tax Tips and Reminders – September 2025
We’re pleased to share our latest Tax Tips newsletter, offering a high-level summary of recent tax developments relevant to business owners, individuals, and investors.
This month’s issue covers several important topics, including:
- Liberal Election Platform: Proposed tax-related changes to watch
- First-Time Home Buyers’ GST Rebate: Expanded relief for new home purchases
- Electronic CRA Correspondence for Businesses: Mandatory changes—action may be needed
- CRA Electronic Communication: Tips to protect your information and avoid missteps
- CRA Enforcement on Electronic Payments: What you must know
- Uncashed Cheques from CRA: Find out if one is waiting for you
- Statute-Barred Assessments: Why it’s critical to review older returns
- Transferring Property to Shareholders: Understand the tax consequences
- New CRA Self-Evaluation and Learning Tool (SELT): Helps taxpayers assess eligibility for relief from penalties and interest due to financial hardship, CRA errors, or other valid reasons
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
