December’s episode of Life in the Tax Lane is here!

Join the Video Tax News team for a quick roundup of the latest tax developments. 

This fast-paced episode covers:

• First-time Home Buyers' GST rebate, including a retroactive contract date change that could mean up to $50,000 in savings.
• Automatic tax filing starting in 2025 for select low-income individuals—who qualifies and how it works.
• Failure to make electronic payments, CRA providing relief for clients who still rely on cheques.
• Tax payment grace period clarity: CRA confirms a 20-day interest-free window for taxpayers to pay assessed balances once notified.
• Delayed slips posted online by CRA during last filing season and what CRA says to expect this year.
• Repetitive pre- and post-assessment requests for donations, medical expenses, and more—impact of compliance history.
• Heightened enforcement in the trucking industry targeting misclassification and personal services business concerns, with potential implications for other sectors using incorporated contractors.

Watch the free 10-minute video now to stay informed, stay compliant, and stay ahead of the curve on issues that matter most to Canadian tax professionals.

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

Learn more about available courses: https://members.videotax.com/courses

Program Recorded: November 21, 2025

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.