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Editorial Note: News summaries are curated from CRA, Revenu Québec, CPA Canada, Bank of Canada, and Finance Canada. Always consult official sources for regulatory matters. Click any item to visit the official source.
12
Jun
CRA
CRA Extends Multi-Factor Authentication Deadline for Business Users

The CRA extended mandatory MFA for My Account business users to September 2025, citing accessibility concerns raised by tax professionals and smaller businesses.

08
Jun
Bank of Canada
Bank of Canada Holds Policy Rate Amid Global Trade Uncertainty

The Bank of Canada maintained its overnight rate, citing inflation progress while monitoring global trade developments and Canadian housing market conditions.

02
Jun
Revenu Québec
Revenu Québec Launches Unified Digital Business Portal

New portal lets Quebec businesses file GST/QST returns, manage source deductions, and access assessment notices through a single digital dashboard.

28
May
CPA Canada
CPA Canada Issues Updated Capital Gains Reporting Guidance

Following the 2024 inclusion rate changes, CPA Canada published revised practitioner guidance on reporting the two-thirds inclusion rate for corporations and individuals.

20
May
Finance Canada
Federal Budget 2025: Key Changes for Individuals and Businesses

The 2025 Federal Budget enhanced the Canadian Entrepreneurs' Incentive, expanded the Carbon Rebate for Small Businesses, and proposed AMT rule changes for high earners.

14
May
Revenu Québec
2025–2026 Solidarity Tax Credit Amounts Published

Updated Solidarity Tax Credit amounts for July 2025–June 2026 released. Maximum annual benefit reaches $2,160 for eligible single-person households qualifying for all three components.

05
May
CRA
FHSA 2024 Reporting Requirements Clarified

CRA clarified First Home Savings Account reporting for 2024 — institutions must issue T4FHSA slips and taxpayers must report transfers on Schedule 15.

29
Apr
CPA Canada
67% of SMEs Plan to Increase Accounting Technology Investment

A CPA Canada survey of 1,200 SMEs reveals doubling adoption of AI-assisted bookkeeping year-over-year among businesses with 5–20 employees.

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