Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

U.S. Imposes 50% Tariffs on Canadian Steel and Aluminum Amid Trade Tensions

In a significant escalation of trade tensions, U.S. President Donald Trump has announced a 50% tariff on all steel and aluminum imports from Canada, effective midnight. This decision doubles the previously threatened 25% tariff and comes in response to Ontario's recent imposition of a 25% surcharge on electricity exports to the United States.

The move has sparked concerns about its potential impact on both economies. Canadian officials have expressed dismay, warning of retaliatory measures, while U.S. manufacturers and consumers brace for higher costs. President Trump has also hinted at further tariffs on Canadian automobiles if the dispute remains unresolved.

This development marks a new chapter in the ongoing trade disputes between the two nations, with significant implications for industries and markets on both sides of the border.

Labels:

Comments

Post a Comment