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Home  ->  Personal Income Tax  ->  Life in the Tax Lane  -> Life in the Tax Lane 2022

2022 Life in the Tax Lane from Video Tax News (VTN)

We're pleased to be able to share these informative videos from Video Tax News.  They are not too long, cover a wide range of topics, and are quite entertaining!  Once you view them, you can search our site for information on these or other topics - see the search box near the top of any page on our site.  The links under each video provide the sources for the information in the video.

The videos are 10-minute rapid-fire discussions of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team, for Canadian Tax and Financial Professionals.

Life in the Tax Lane - December 2022

November 30, 2022


Taxable Benefits – Gift Cards

2022 Fall Economic Statement and Bill C-32:

  1. November 3, 2022 News Release
  2. Bill C-32 Fall Economic Statement Implementation Act, 2022

Extension of Time to Object - Wong v. The King, 2022 TCC 117

Underused Housing Tax:

  1. Bill C-8 Economic and Fiscal Update Implementation Act, 2021
  2. Bill C-8 Legislative Summary Part 2: Enactment of the Underused Housing Tax Act
  3. Preparing for the Underused Housing Tax (UHT) by Ben Berci, bakertilly

Shared Custody – Redetermined Prior Period Benefits - McCallum v. The King, 2022 TCC 122

2023 Personal Indexation Amounts

CERB/CRB Eligibility – Prior Period Earnings:

  1. He c. Canada (Procureur g้n้ral), 2022 CF 1503
  2. Cozak c. Canada (Procureur g้n้ral), 2022 CF 1351 Resources

When are Gifts and Inheritances Taxable - Gifts from Employer

2022 Fall Economic Statement

Canada's Underused Housing Tax (UHT)

2023 Tables of Provincial/Territorial & Federal Income Tax Rates

TFSA Contribution Rules and Limits

Life in the Tax Lane - November 2022

October 31, 2022


CEBA Update

Canada Dental Benefit

  1. Bill C-31 Cost of Living Relief Act, No. 2 (Targeted Support for Households)
  2. The Canada Dental Benefit - Backgrounder
  3. New benefits and increased credit payments are coming to help make life more affordable

CRA Representative Online Access

Assisted Compliance Initiative

The Proposed Trust Reporting Rules – Bare Trust Arrangements

 - the expanded trust reporting rules will be effective for Trust years ended after December 30, 2023 (i.e., ending December 31, 2023 and later) - deferred by one year by Bill C-32.

Tax Problems Arising From Bookkeeping - see page 12 Resources

CEBA Deadline Extension - for all CEBA loans

Canada Dental Benefit

Life in the Tax Lane - October 2022

September 29, 2022


Individual Supports – Rent, Dental and GST Credit

CERB Eligibility – Communication Breakdown - Matte v. Canada (Attorney General) 2022 FC 1196

Tips Collected Electronically – EI And CPP

  1. CRA - Tips and Gratuities
  2. Ristorante a Mano Limited v. Canada (National Revenue) 2022 FCA 151

Personal Services Business – CRA Education Initiative Update

  1. CRA - Tax implications for a personal services business
  2. CPA Canada - New CRA campaign focuses on personal services businesses: Are you ready?

Revised Capital Dividend Election – T2054

US FBAR Penalties

  1. United States of America vs Alexandru Bittner
  2. Freeman Law: Flint Demonstrates the Risks in Trying to Make a Willful IRS Stresamlined Filing Non-Willful Resources

Tips and Gratuities

Personal Services Business (PSB)

Capital Dividend

Life in the Tax Lane - September 2022

August 30, 2022


GST/HST Input Tax Credit – Reasonable Expectation of Profit - Stroud v. The Queen, 2022 TCC 86

Accelerated Investment Incentive Property – Renovations 2019-0819951E5 AIIP - renovations to property

Capital Cost Allowance – Retroactive Adjustment - St. Benedict Catholic Secondary School Trust v. Canada 2022 FCA 125

Disability Tax Credit – Form and Application Updated:

bulletHow to apply
bulletCRA updates the digital application for the Disability Tax Credit

Electronic Filing and Payments – Draft Legislation

Trust Reporting Rules – Draft Legislation Resources

Capital Cost Allowance

Disability Tax Credit

Life in the Tax Lane - August 2022

July 28, 2022


Poker Playing – Hobby or Business? Duhamel c. The Queen 2022 CCI 66 (French)

Required Travel Between Home and Work - Mason V. The Queen 2022 TCC 65

Disinheritance of Children:

  1. Important Considerations for the Disinheritance of Children - Elisa Rabello, McLennan Ross
  2. Campbell v. Ensminger, 2022 ABQB 330 (CanLII)

Personal Services Business – CRA Education Initiatives:

  1. Personal Services Businesses Webinar
  2. Stakeholder letter from CRA re personal services businesses

Director Liability – Relationship Breakdown - Zvilna v. The Queen 2022 TCC 50 Resources

Employee-Owned Motor Vehicles

Employee Motor Vehicle Travel Expenses

Wills & Estate Planning

Personal Services Businesses

Life in the Tax Lane - July 2022

June 29, 2022


Class Action – Credit Card Fee Charge:

  1. Canadian Credit Card Class Actions
  2. Small businesses can claim up to $600 in class action settlement with Visa, Mastercard and banks

Immediate Expensing of CCA – Prescribed Form - CPA Canada News May 19, 2022

CERB/CRB Denial for Owner-Manager of a Corporation Maltais c. Canada (Procureur g้n้ral), 2022 CF 817 (CanLII)

Working From Home – Employer Considerations - Flexible work arrangements: tax, employment and immigration issues - Borden Ladner Gervais LLP (BLG)

Taxable Benefits - TI 2019-0801531E5 Identity Theft Shield Premiums

Source of Income – Foreign Currency Straddles - Canada v. Paletta 2022 FCA 86 Resources

Immediate expensing of CCA

Life in the Tax Lane - June 2022

May 30, 2022


Ban on Residential Real Estate Purchases by Non-Residents:

  1. Federal 2022 Budget
  2. Bill C-19, Budget Implementation Act, 2022, No. 1

Underused Housing Tax – Traps

Retrofit Loans For Homeowners - TI 2021-0894121E5

Sale of Home - Lamothe c. Quebec Revenue Agency 2022 QCCQ 1527 (CanLII)

Late Wage and Rent Subsidy Claims – CRA Discretion

CRA Collections Related to COVID-19 Programs – CEBA

CRB – Not Working Due to COVID-19? - Sid Seghir v. Canada (Attorney 2022 FC 466 Resources

Underused Housing Tax

Canada Greener Homes Loan

Principal Residence Exemption

Life in the Tax Lane - May 2022

April 27, 2022


Federal Budget 2022

Draft Legislation (released subsequent to recording)

Principal Residence Exemption – Multigenerational Home - Salama c. Quebec Revenue Agency, 2022 QCCQ 718 (CanLII) Resources

Federal Budget 2022

Real Estate Sales - Are They Taxable?  What About My Principal Residence?

Principal Residence Exemption

Life in the Tax Lane - April 2022

March 29, 2022


Recovery of CERB Overpayments

Costs for COVID-19 Protocols

Digital Adoption Program

  1. New Canada Digital Adoption Program to help small businesses thrive in the digital economy - news release
  2. Canada Digital Adoption Program - details

Money Received from Offshore Accounts - Lao c. Quebec Revenue Agency, 2021 QCCQ 13153 (CanLII)

Underused Housing Tax (UHT) – Reporting Obligations

  1. New filing and tax considerations for many Canadian real estate owners - yes, this can affect Canadians!
  2. Preparing for the Underused Housing Tax (UHT)
  3. News release August 6, 2021 from Department of Finance

Accessing Former Spouse’s Tax Information Resources

Canada Recovery Benefit (CRB, not CERB) Clawback

Eligible Medical Expenses

Life in the Tax Lane - March 2022

February 28, 2022


CRA Processing Issues – Changes to Refundable Tax Credits

Principal Residence Exemption Education Letters

Working From Home – Extended Relief

Proposed Changes to CRA Administrative Processes

Trusts – Changes to Reporting Requirements

Immediate Expensing Incentive – Proposed CCA Expansion Resources

Principal Residence Exemption

Enhanced Support For Teachers - cannot be claimed yet

Returning Fuel Charge Proceeds to Farmers - cannot be claimed yet

2021-2022 Home Office Expenses

Immediate Expensing of Capital Assets - cannot be claimed yet

Life in the Tax Lane - February 2022

January 28, 2022


CPP Benefit Payment – Impact of COVID-19: Globe and Mail - The case for deferring your CPP benefits is stronger than ever.

Employment Benefits – COVID-19: CRA - Employer-provided benefits and allowances

Working from Home – Extended Relief: CRA - How to claim home office expenses

Worker’s Compensation – Accident at Home Office: National Post - Air Canada employee who fell on stairs in her home eligible for worker's compensation

Prescribed Rate Loans: Low interest rates make it a great time to trim taxes with income splitting

CRA Processes, Services and Focus Areas: CPA Canada / December 2021 Provincial Roundtable Questions and Answers

Expanded Trust Reporting Rules: CRA - Reporting Requirements for Trusts Resources

Canada Pension Plan Retirement Benefit Rules

CPP Retirement Pension Calculator

Employee Parking Provided by Employer

Tax-Free Motor Vehicle Allowances

Employee Work Space in Home Expenses

Income Splitting with a Lower Income Spouse or Child

Life in the Tax Lane - January 2022

December 30, 2021


COVID-19 Business Subsidy Update

  1. CRA Dec 21, 2021 News: COVID-19 Recovery Programs continue to provide support to Canadian businesses and organizations
  2. Tourism and Hospitality Recovery Program (THRP)
  3. Hardest-Hit Business recovery Program (HHBRP)

Post-Assessing Corporate Reviews – Advertising And Promotions

2021 Economic and Fiscal Update

Valuation of Shares: Lauria v. The Queen, 2021 TCC 66

Parents Assisting Children With a Home Purchase

  1. Family disputes over gifted down payments on the rise: Law Firm
  2. Gifting for a down payment - perspective Resources

2021 Economic and Fiscal Update

Prior Year Life in the Tax Lane Videos:

2021 Life in the Tax Lane Videos

2020 Life in the Tax Lane Videos

2019 Life in the Tax Lane Videos

2018 Life in the Tax Lane Videos

2017 Life in the Tax Lane Videos

2015 & 2016 Life in the Tax Lane Videos


Revised: January 22, 2024


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