Author: Bert Mulder

Government launches consultation on draft legislation for previously announced and technical tax measures

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From: Department of Finance Canada News release January 29, 2026 – Ottawa, Ontario – Department of Finance Canada The Department of Finance today released for consultation draft legislative proposals to implement a range of previously announced tax measures. The proposed changes aim to clarify and improve tax rules, close gaps to prevent tax avoidance, and ensure…

Canada Groceries and Essentials Benefit

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The GST credit will be replaced by the Canada Groceries and Essentials Benefit The government is introducing the new Canada Groceries and Essentials Benefit – formerly the Goods and Services Tax (GST) Credit. We are increasing its amount by 25% for five years beginning in July 2026. In addition to that, we are providing a one-time payment, equivalent…

IRS Quarterly interest rates

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https://www.irs.gov/payments/quarterly-interest-rates IRS sets and publishes current and prior years interest rates quarterly for individuals and businesses to calculate interest on underpayment and overpayment balances. To get the latest information on interest rates sent to your email, subscribe to the IRS Newswire with e-News subscriptions.  On this page Current year quarterly interest rates Prior years quarterly interest rates How…

Prescribed interest rates

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2026 First calendar quarter2026 2025 Fourth calendar quarter Third calendar quarter2025 Second calendar quarter2025 First calendar quarter2024 2024 Fourth calendar quarter2024 Third calendar quarter2024 Second calendar quarter2024 First calendar quarter2024 2023 Fourth calendar quarter Third calendar quarter Second calendar quarter2023 First calendar quarter2023 2022 Fourth calendar quarter2022 Third calendar quarter2022 Second calendar quarter2022 First calendar…

Alberta Corporate Tax is transitioning to online mail

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Correspondence will transition to online mail for corporations in April 2026 TRACS is a secure online system for taxpayers and claimants to self-manage their account. Effective April 1, 2026, we will transition to online mail as the default method of delivering most correspondence related to Alberta Corporate Income Tax (CIT) accounts. This means most correspondence…

Good tax policies go hand in hand with good economic policies — we need both

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My latest Financial Post article discusses tax reform and the importance to improve how Canada develops tax policy: “One of the things I enjoy is hanging out with tax geeks like me who have a similar passion to see Canada’s tax system improved. Last week, I attended the Canadian Tax Foundation’s Tax Policy Symposium in…

Made a mistake on your taxes? Upcoming changes to the Voluntary Disclosures Program

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September 10, 2025 Ottawa, Ontario Canada Revenue Agency The Canada Revenue Agency (CRA) is committed to helping taxpayers correct their past tax mistakes. The Voluntary Disclosures Program (VDP) allows for well-intentioned taxpayers to voluntarily correct their tax affairs and receive some financial relief. On October 1, 2025, changes to the VDP will come into effect. These changes will…

IRS reminds taxpayers to access or create an IRS Online Account today

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Issue Number:    IR-2025-43 Inside This Issue IRS reminds taxpayers to access or create an IRS Online Account today  WASHINGTON – The Internal Revenue Service reminds taxpayers that it’s not too late to access or create an individual IRS Online Account. An IRS Online Account makes it easy for people to quickly get the tax…