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Personal Income Tax -> Life in the Tax Lane

Life in the Tax Lane from Video Tax News

We're pleased to be able to share these informative videos from Video Tax News.  They are not too long, cover a wide range of topics, and are quite entertaining!  Once you view them, you can search our site for information on these or other topics - see the search box at the top of any page on our site.  The links under each video provide the sources for the information in the video.

The videos are 10-minute rapid-fire discussions of select recent developments in the wonderful world of Canadian tax by the Video Tax News Team.

Life in the Tax Lane - July 2017

June 26, 2017


    - Registration of Tax Preparers Program - STEP Canada CRA Roundtable, June 13, 2017

    - Feedback on CRA Audits - Have Your Say

    - Lost Book of Clients - Martin v. Canada, 2015 FCA 204

    - Voluntary Disclosure Program – Proposed Changes - Consulting With Canadians - Comment by August 8, 2017

    - Small Business Deduction - Canadian Tax Foundation Joint Committee Submission June 2017 Articles:

    - Small Business Deduction

    - Voluntary Disclosures Program

Life in the Tax Lane - June 2017

May 30, 2017


    - Taxable Benefit — Parking Pass

    - Employee Discounts On Merchandise

    - Income Vs. Capital

    - Distributions To Non-Resident Beneficiary — PART XII.2 TAX

    - Disposition Of Farm Property By A Non-Resident

    - Billed-Basis Accounting — FAQ

    - Small Business Deduction — Farmers And Fishers Articles:

    - Employee Parking Provided by Employer

    - Are Your Gains and Losses Capital or Income?

Life in the Tax Lane - May 2017

April 27, 2017


  1. Automobile Allowances
    bulletTechnical Interpretation 2016-0674811C6 Automobile Allowances and Expenses
    bulletTechnical Interpretation 2016-0674801C6 Allowance and Expenses of an Automobile
  2. CRA Project – Third-Party Information Request
  3. CRA Tax Tip – The Sharing Economy
  4. Renouncing U.S. Citizenship - Moodys Gartner Tax Law
  5. Panama Papers – Bank Accounts in Canada Being Closed - Devry Smith Frank LLP
  6. Gifted Home – Home Buyers' Tax Credit - Technical Interpretation 0674851C6
  7. Retiring Partner Payments – Pensionable Earnings - Freitas v. The Queen, 2017 TCC 46 (CanLII) Articles:

    - Tax-Free Motor Vehicle Allowances

    - Employee Motor Vehicle Travel Expenses

    - First Time Home Buyers' Tax Credit

Life in the Tax Lane - April 2017

March 30, 2017


  1. 2017 Federal Budget
  2. Underground Economy - Renovating or rebuilding your home? Protect yourself by getting it in writing.
  3. CRA's New Fingerprinting Policy - could create travel problems for accused tax evaders. Articles:

    - Federal 2017 Budget

Life in the Tax Lane- March 2017

February 28, 2017


  1. Principal Residence Exemption
  2. Fraud Refund Scam
  3. Mutual Fund Taxation
  4. Investment Management Fees
  5. Eservices at the CRA Articles:

bulletPrincipal Residence Exemption
bulletTax Issues re Investing, and Tax Treatment of Different Types of Investments

Life in the Tax Lane- February 2017

January 25, 2017


  1. U.S. – Trump Proposals re income tax and estate tax
  2. Defacto Director
    bulletKoskocan v. The Queen, 2016 CCI 277 (CanLII) (French)
    bulletAbove, translated to English by Google Translate
  3. Employment Expenses – Cell Phone And Data Plan
    bulletTechnical Interpretation 2015-0603631I7 Employment expense - deductibility cell service plan
  4. GST/HST Compliance Letters
  5. Online Services – What's New For Tax Preparers? Articles:

bulletUS Estate Tax May be Payable by Canadians
bulletUS Estate Tax Calculator
bulletEmployment Expenses Line 229

Life in the Tax Lane - January 2017

December 28, 2016


  1. Taxable  Benefit – Family Ski Pass
    bulletTechnical Interpretation 2015-0571471E5 Family Ski Pass (French)
    bulletAbove, translated to English by Google Translate
    bulletCRA: Gifts, awards, and long-service awards
  2. T5008 Duplicate Slips – New Administrative Policy
  3. Filing a T4a
    bulletTechnical Interpretation 2016-0652761C6 T4A filing (French)
    bulletAbove, translated to English by Google Translate
    bulletCRA: RC4157 Deducting Income Tax on Pension and Other Income, and Filing the T4A Slip and Summary
  4. Qualified Disability Trusts (QDTs)
    bulletTechnical Interpretation 2016-0651751C6 Recover Tax of Qualified Disability Trust (French)
    bulletAbove, translated to English by Google Translate
    bulletTechnical Interpretation 2016-0651741C6 Named beneficiary (French)
    bulletAbove, translated to English by Google Translate
    bulletCRA: Graduated Rate Taxation of Trusts and Estates and Related Rules
  5. Rollover of a Registered Pension Plan
  6. Eligible Dependent Credit – What is a Support Amount? Articles:

bulletAre Gifts and Inheritances Taxable? Includes gifts from employers.
bulletRollover of RRSP, RRIF or RPP to a Registered Disability Savings Plan (RDSP)

Life in the Tax Lane Videos 2015 & 2016

Revised: June 29, 2017


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