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Tax Deadline April 30: The Most Common CRA Mistakes Canadians Make — and How to Avoid Them

Missed deductions, wrong SINs, unreported side income — these are the errors that delay your refund, trigger CRA letters, and quietly cost Canadians millions every year. Here's your 2026 checklist With April 30 just days away, millions of Canadians are racing to pull together slips, receipts, and records before the Canada Revenue Agency's personal income tax deadline. But filing on time and filing  correctly  are two very different things. The CRA flags thousands of returns each year for errors that are entirely preventable — errors that delay refunds, generate costly reassessments, and sometimes result in penalties that linger for months. Whether you're a first-time filer, a seasoned DIY-er, or someone handing everything to an accountant, here are the 10 most common CRA mistakes Canadians make — and exactly how to avoid each one. 1. Misunderstanding the April 30 deadline The filing deadline for most Canadians is  April 30, 2026 . Miss it when you owe money, and you'll ...
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TD Bank: Navigating Challenges and Changes

 

Toronto-Dominion Bank (TD), once revered as the pinnacle of banking, is facing a shift in perception. The bank, known for its robust profits and investor appeal, is experiencing a tarnished reputation. A series of events, including messy succession planning, a dimmed growth outlook, and a more reserved stance on social issues, have contributed to this change.

The bank’s attempted acquisition of First Horizon Corp was blocked by U.S. authorities, revealing significant anti-money laundering issues and attracting the Department of Justice’s attention. This setback, coupled with the departure of key executives, has raised questions about TD’s future direction.

Despite these challenges, TD remains a strong lender with solid operations. It continues to command respect from investors, reflected in its stock trading at 10.8 times next year’s expected earnings. However, it now trails behind its chief rival, Royal Bank of Canada, which trades at 11.5 times estimated earnings.

TD’s Canadian personal banking division struggled during the pandemic, while its peers thrived. The bank’s leadership, once a close-knit ‘corporate family,’ now appears more restrained, with less substantive communication.

As TD approaches a leadership transition, it retains fundamental advantages, such as a stable source of cheap funding from retail deposits. Some questioned strategies are showing promise, like the revamped Aeroplan program and expansion in capital markets with the Cowen Inc. acquisition.

In summary, TD Bank is at a crossroads, with its once-unquestionable trust starting to wane. The bank’s next steps will be crucial in maintaining its esteemed position and regaining the confidence of stakeholders. The future leader will inherit a bank with a solid foundation but must navigate the uncertainties that lie ahead.


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