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
About this episode
The episode discusses key tax developments in Canada as we enter 2026.
January’s episode of Life in the Tax Lane is here! Happy New Year! Join the Video Tax News team for a timely roundup of key tax developments as we head into 2026. This fast-paced episode covers: Cancellation of OAS Enrollment: A Federal Court of Appeal decision underscores the strict deadlines for cancelling automatic OAS enrollment. Election to Stop Contributing to CPP: The Tax Court provides welcome clarity where Service Canada processing delays threatened to invalidate the election to cease contributing to CPP when the individual began collecting retirement benefits at age 65. Trust Filing Rules – Bare Trust Arrangements : CRA proactively confirms relief by following Bill C-15 proposals, meaning no T3 filings are required for bare trusts with 2025 year ends. Trucking Sector – Lifting the T4A Penalty Moratorium : CRA begins immediate enforcement of T4A filing requirements for payments to incorporated drivers, with 2025 slips due by March 2, 2026. RRIF Minimum Withdrawal Proposal – Abandoned: The government confirms it will not proceed with the proposed temporary RRIF withdrawal reduction. CRA Service Improvements – Disability Tax Credit: Ongoing delays in processing Disability…
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
- 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
- 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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