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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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Global Markets Tumble Amid Tariff-Induced Recession Concerns

                                    

Global stock markets experienced a sharp decline as fears of a global trade war intensified. U.S. President Donald Trump's recent announcement of sweeping tariffs has sent ripples through financial markets, with investors bracing for potential economic fallout. The tariffs, which are expected to target a wide range of goods and countries, have heightened concerns about a global recession.

Asian markets led the downturn, with Japan's Nikkei index plunging over 4%, while European and U.S. futures also pointed to significant losses. Investors have sought refuge in safe-haven assets, driving gold prices to record highs and pushing bond yields lower. Economists warn that the uncertainty surrounding these tariffs could dampen consumer and business sentiment, further exacerbating economic risks.

The coming days will be critical as markets await further details on the scope and implementation of these tariffs. Analysts caution that prolonged trade tensions could have far-reaching implications for global economic stability.

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