Back to School with September’s Life in the Tax Lane!

September is almost here, and while kids are heading back to school, it’s also time for tax professionals to brush up with the latest updates. 

In this edition, the Video Tax News team covers:

• Trust reporting – new draft legislation, evolving filing requirements, and penalties tied to Schedule 15 disclosures.
• CRA authorization for individuals – recent changes to the process and a new method for representatives.
• CRA call centre frustrations – why calls are being redirected and how to check wait times before phoning.
• CEBA loan collections – CRA’s authority to redirect tax refunds and benefits to unpaid CEBA balances.
• Employment expenses – a recent court case on the deductibility of clothing purchases for employees.

A timely, practical roundup of key tax issues to help Canadian accounting professionals stay informed this fall.

Topics: Trust Reporting – Draft Legislation | Trust Reporting – Schedule 15 Penalties | Authorization Requests for Individuals | CRA Phone Lines | CEBA – Collections Process | Deductibility of Clothing Purchases by an Employee

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

Learn more about Tax Update 2025: https://members.videotax.com/courses/tax-update-2025

Program Recorded: August 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.