December 2025 - First-time Home Buyers' GST Rebate – Effective Date | Automatic Tax Filing for Individuals – Budget 2025 | Failure to Make Electronic Payments | Tax Payment Grace Period | Delayed Slips Posted Online by CRA | &more

About this episode

The episode covers recent tax developments including GST rebates for first-time home buyers and automatic tax filing for low-income individuals.

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…

People in this episode

Host: Video Tax News

Topics covered

• First-time Home Buyers' GST rebate
• Automatic tax filing
• Tax payment grace period
• CRA updates
• Trucking industry enforcement

Keywords

• GST rebate
• automatic tax filing
• CRA
• tax payment grace period
• trucking industry enforcement

Mentioned in this episode

Places: Canada

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