
This episode discusses recent legislative changes and updates relevant to personal tax season, including the First-time Home Buyers’ GST/HST Rebate and the use of AI in tax disputes.
April’s episode of Life in the Tax Lane is here! As personal tax season accelerates, take a moment to watch this episode highlighting recent legislative changes, CRA administrative updates, and court decisions with direct implications for current files and near-term planning. It is a quick way to stay informed, and you might even win a hoodie. This episode discusses: First-time Home Buyers’ GST/HST Rebate – Now Open for Application: earlier effective date than originally proposed SimpleFile and More: program returns with availability for eligible taxpayers who were not previously invited Tax Disputes – Use of AI: a recent court decision highlights the risks of undisclosed AI use and unreliable, AI-generated citations Loan Restructuring for Interest Deduction: planning opportunities remain available, but require robust documentation and strong factual support GST/HST Paid in Error – Rebate Deadline: court confirms the strict application of the two-year limitation period Putting Family on Title Exposes Them to Tax Liabilities: legal title transfers can expose individuals to unexpected transferee tax liabilities Also, this month introduces a Mystery Word Contest , with two hoodies…
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