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

About this episode

This episode discusses various tax-related topics including the Canada Groceries and Essentials Benefit, correcting past tax errors, and the Voluntary Disclosures Program.

Note: Late-Breaking Update - May 13, 2026. See full show notes. May’s episode is now live! What happens if a prior tax return is incorrect? Is the taxpayer required to fix it? And when does CRA contact eliminate access to the Voluntary Disclosures Program (VDP)? These are practical questions with real client implications. In this month’s episode, Joe, Caitlin and Hugh break down these issues and more, highlighting what tax professionals should be watching right now. Take 10 minutes to get current after a busy season. This fast-paced episode covers: Canada Groceries and Essentials Benefit – Payment Dates: Confirmed timing may prompt client questions on eligibility In-Person Payments at Financial Institutions: Teller-based tax payments end December 2026, requiring process changes Late-Breaking News : On a May 13, 2026 post on CPA Canada's Tax360 portal, Ryan Minor stated that CRA had advised CPA Canada that payments to them are an exception from this change. We will include any relevant additional updates in June’s Life in the Tax Lane. Correcting a Past Error – Is It Required?: No clear obligation to amend, but risks remain Voluntary Disclosures Program – Voluntary Application…

People in this episode

Hosts: Joe, Caitlin, Hugh

Topics covered

• Canada Groceries and Essentials Benefit
• Voluntary Disclosures Program
• Objection Deadlines
• US Renunciation
• Correcting Past Tax Errors
• In-Person Payments
• Director Liability

Keywords

• Canada Groceries and Essentials Benefit
• Voluntary Disclosures Program
• tax errors
• CRA
• US Renunciation
• objection deadlines
• in-person payments

Mentioned in this episode

Organizations: CRA, Voluntary Disclosures Program, US

Books & works: Life in the Tax Lane

More episodes of Life in the Tax Lane (Canada)

• June 2026 - Bill C-31 – Second Budget Bill Introduced | Tiered Corporations – Suspended Dividend Refunds | In-Person Payments at Financial Institutions | CRA Update Carbon Rebate for Small Businesses – Adjustments | & more · June 2, 2026 · 11 min
• April 2026 - First-time Home Buyers’ GST/HST Rebate | SimpleFile | Tax Disputes – Use of AI & more · April 1, 2026 · 11 min
• March 2026: Canada Groceries and Essentials Benefit, Mutual Fund Trailing Fees and Weak Accounting/Oversight · March 3, 2026 · 11 min
• 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 · February 3, 2026 · 11 min
• 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 · January 6, 2026 · 10 min
• 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 · December 2, 2025 · 11 min