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CRA Tax Adjustment Delays Now Stretch Up to 47 Weeks — Here's How to Avoid Getting Stuck

   July 12, 2026   If you've ever filed a request to correct or update your tax return and then waited... and waited... you're not imagining it. Canada's Taxpayers' Ombudsperson has confirmed that some Canada Revenue Agency (CRA) adjustment requests are now taking nearly a year to process — and it's launched a formal investigation into why. What's Actually Happening When you need to change something on a tax return you've already filed — say you forgot a slip, need to update a deduction, or want to claim a credit you missed — you submit what's called a T1 adjustment request. The CRA sorts these into two speeds: Routine requests (filed online through your CRA My Account or certified tax software) have a service standard of just 2 weeks . By phone or mail, the standard is 8 weeks. Complex requests — where the CRA needs more documentation or a deeper review — carry a service standard of 20 weeks . The problem: the CRA isn't hitting even its own "...
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Stock Market Today: US Futures Edge Higher as Walmart Surges with Retail Sales, Jobs Data Ahead


Stock futures nudged higher Thursday as Wall Street looked to two key signals of US consumer health, as well as more insight on the jobs market. Here are the highlights:

  1. Futures Performance:

    • Futures tied to the S&P 500 (ES=F) and the tech-heavy Nasdaq (NQ=F) rose 0.1%.
    • Dow Jones Industrial Average futures (YM=F) pointed up 0.2%.

  2. Walmart’s Strong Quarter:

    • Retail giant Walmart (WMT) shares surged nearly 6% after a largely positive earnings report.
    • Walmart posted both earnings and revenue beats and raised its full-year outlook.

  3. Retail Sales Data:

    • Monthly government retail sales data is set for release at 8:30 a.m. ET.
    • Economists expect a 0.3% month-over-month increase in July, an improvement from June’s flat reading.

  4. Jobs Market Update:

    • The weekly jobless claims report is also in focus.
    • Last week, claims fell more than forecast, sparking a market surge.

  5. Market Resilience:

    • Stocks have rebounded in August, with the S&P 500 recouping most of its losses from the earlier sell-off.
    • As inflation eases, the jobs market remains a key focus for the Fed.

Wall Street continues to monitor these indicators closely, shaping market sentiment and investor confidence.


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