Staying on top of CRA rule changes, court decisions, and administrative updates is part of running a business well.
Our Q3 2026 Tax Tips & Traps edition covers what changed this quarter, from a $13.25 million real estate ruling to new GST/HST treatment on mutual fund trailing commissions.
Here is what business owners, investors, and individuals should know.
→ A Tax Court ruling on a $13.25 million property sale turned on the exact date a rental property converted from capital to inventory. The court's answer differed from CRA's.
→ CRA is treating trailing commissions as taxable supplies, but has pushed the enforcement date to January 1, 2028.
→ No increased audit risk, real savings on penalties and interest, and more clarity on what to expect before you apply.
→ A taxpayer working five hours from home lost his claim for lodging and vehicle expenses. The court called it personal travel, regardless of distance.
→ The expense was not required by the employment contract, was not paid in the year claimed, and the court found the amount unreasonable in any case.
→ A retroactive lump sum payment received favourable tax treatment but still cost a taxpayer a year of Guaranteed Income Supplement eligibility.
→ Grandparent-held plans, US tax on RESP income, and IRS reporting requirements are all considerations before a cross-border move.
→ CRA confirmed a strategy that lets several individuals contribute to a single testamentary trust for a disabled beneficiary over time.
For the full breakdown and expert insights, download the complete PDF here.
If you have questions about anything covered in this issue or want help with your 2026 tax filings, don’t hesitate to get in touch.
