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Life in the Tax Lane (Canada)These 10-minute podcasts are a rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. Author: Video Tax News
These 10-minute podcasts are a rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. For more information go to www.videotax.com. Language: en-us Genres: Business, Business News, News Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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August 2026 - Court Decision Raises Questions for Executors Accessing Digital Assets
Episode 135
Thursday, 30 July, 2026
August’s episode of Life in the Tax Lane is here!What does a recent Alberta court decision mean for executors seeking access to digital assets? How could CRA's response to privacy breaches affect tax practitioners? And what should you know about trust reporting, overlooked GST input tax credits and dispute resolution?These developments have practical implications for estate administration, taxpayer privacy, GST compliance, trust reporting and tax disputes. In this month's episode, Cait and Hugh review recent CRA guidance and court decisions, highlighting what tax professionals should be watching. Despite the summer recess, there was no shortage of tax developments.Take 10 minutes to get up to date on the latest CRA guidance and court decisions.This month's episode covers:Digital Assets: Alberta court considers whether technology companies can require executors to obtain court orders before releasing digital assets.Taxpayer Information – Privacy Commissioner Report: New recommendations could affect e-filer screening and CRA's approach to protecting taxpayer information.Trust Reporting – Schedule 15 Penalties: Could earlier trust filings trigger unexpected Schedule 15 penalties?Judicial Review – Extension for Application: Missing a legislated deadline can permanently close off dispute resolution options.Overlooked Input Tax Credits (ITCs): CRA discusses whether overlooked ITCs should be added to an earlier GST return or claimed on a later return.Travel From Home To Work – Long Commute: A recent court decision considers whether an exceptionally long commute changes the tax treatment of travel costs. Spoiler alert, it doesn't.Sources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-august-2026Learn more about Tax Update 2026 - https://members.videotax.com/courses/tax-update-2026Learn more about Bare Trust T3 Reporting: Practical Guide & Examples - https://members.videotax.com/courses/bare-trust-t3-reporting-practical-guide-examplesProgram Recorded: July 23, 2026Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information, visit videotax.com/disclaimer. ©Video Tax News Inc. 2026, All Rights Reserved.
