Starting in spring 2025, the Canada Revenue Agency (CRA) will transition to online mail as the default method of delivering most business correspondence. This means you’ll start receiving most of your business notices and other correspondence through the CRA’s secure online portal, My Business Account, instead of by mail.

This Financial Literacy Month (FLM) we are talking about money and sharing with you ways to improve your finances through improved tax literacy. Tax know-how doesn’t happen overnight, and that’s okay. Every bit of knowledge you gain can have a big impact on your financial health. We’re here to guide you, one step at a time.

Starting January 2025, there will be updates to how information returns are filed electronically. If you file information returns, such as the T3 (trust income), T4 (remuneration paid), T4A (pension and other income), or T5 (investment income), here are some important changes you need to be aware of…

November is Financial Literacy Month and this year, the theme is “Money on your mind? Talk about it”. Talking about money is not easy – we get it. However, improving your tax literacy can be directly beneficial to you!

Tax literacy means knowing how to make informed tax decisions with confidence. We are dedicated to boosting tax knowledge by helping you understand your tax responsibilities as well as the benefit and credit payments available to you.

In 2024, a second earnings ceiling was introduced, the Year’s Additional Maximum Pensionable Earnings (YAMPE). The YAMPE is used to determine second additional Canada Pension Plan contributions (CPP2). In 2024, the YAMPE is approximately 7% above the Year’s Maximum Pensionable Earnings (YMPE). In 2025 and every year after, the YAMPE will be approximately 14% above the YMPE.