Overview — What’s Changing The Department of Finance Canada has released draft legislation introducing a new Crypto-Asset Reporting Framework (CARF). These rules will bring crypto-asset transactions into a formal tax-reporting system for the first time in Canada. If enacted, the rules will apply starting January 1, 2026, with the first reporting due in 2027. The

Summary:The CRA is implementing major updates to its Voluntary Disclosures Program (VDP), effective October 1, 2025, making it easier for taxpayers to correct past errors while receiving interest and penalty relief. Here’s what individuals and businesses need to know. What Is the Voluntary Disclosures Program (VDP)? The VDP allows individuals and businesses to come forward