February 2026 - Crypto-Assets Reviews and Audits | Crypto-Assets – Income or Capital Gains? | COVID-19 Benefits – Collections | Canada Student Loan Forgiveness Program | Beneficial Ownership | Shareholder Benefit on Land Realty Transfer
About this episode
February’s episode discusses various tax issues including crypto-assets, COVID-19 benefits, and student loan forgiveness.
February’s episode of Life in the Tax Lane is here! With Valentine’s Day approaching, the Video Tax News team shares a timely roundup of tax issues that may not be especially romantic, but are front of mind as filing season approaches. This fast-paced episode covers: Crypto-Assets Reviews and Audits: CRA is intensifying audit activity, focusing on non-filing, underreporting, and weak documentation around crypto transactions. Crypto-Assets – Income or Capital Gains?: A recent court case reinforces that trading intent and activity drive income versus capital treatment. COVID-19 Benefits – Collections: CRA collections on CERB and CRB overpayments are continuing with a more aggressive tone. Canada Student Loan Forgiveness Program: Expanded eligibility may allow certain professionals to access significant loan relief. Beneficial Ownership: Adding children to title discussed in the context of estate planning. Shareholder Benefit on Land Realty Transfer: Non-FMV transfers between corporations and shareholders can trigger taxable benefits. This episode highlights where CRA scrutiny is increasing and where careful structuring and documentation remain important. Watch or listen to stay…
More episodes of Life in the Tax Lane (Canada)
- May 2026 - Canada Groceries and Essentials Benefit – Payment Dates | In-Person Payments at Financial Institutions | Correcting a Past Error – Is It Required? | Voluntary Disclosures Program – Voluntary Application? | Objection Deadlines | US Renunciation
- March 2026: Canada Groceries and Essentials Benefit, Mutual Fund Trailing Fees and Weak Accounting/Oversight
- January 2026 - Cancellation of OAS Enrollment | Election to Stop Contributing to CPP | Trust Filing Rules – Bare Trust Arrangements | Trucking Sector – Lifting the T4A Penalty Moratorium | RRIF Minimum Withdrawal Proposal – Abandoned | CRA Service Improve
- 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
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