Tax News
The latest CRA and IRS announcements, deadlines and rate changes — explained as they happen.
Canada Consults on Draft Legislation for Previously Announced Tax Measures
Finance Canada releases draft legislation for previously announced tax measures. Learn how these proposals may affect your cross-border tax planning.
IRS Points Extension Filers to Online Tools as Paper Processing Slows
IRS urges extension filers to use online tools as paper processing slows. Learn how to manage your tax tasks digitally and avoid delays.
IRS Holds Interest Rates Steady for Q4 2026: What It Means for Cross-Border Taxpayers
IRS keeps interest rates steady for Q4 2026. Learn what this means for cross-border taxpayers, including underpayment penalties and tax planning.
IRS Urges Extension Filers: File Soon, Don't Wait for October 15
IRS reminds 2025 tax extension filers to file soon, not wait until Oct 15. Avoid delays, interest, and penalties. Learn key steps and deadlines.
IRS Launches Digitally Authenticated Tax Compliance Report: A Practical Tool for Cross-Border Taxpayers
Learn about the IRS's new digitally authenticated Tax Compliance Report and how it simplifies cross-border tax compliance for US and Canadian taxpayers.
FIRE System Retirement: What Cross-Border Filers Need to Know Before the 2027 Filing Season
IRS retires FIRE system for information returns. Learn what cross-border filers must know before the 2027 filing season to avoid penalties.
IRS Launches Digitally Authenticated Tax Compliance Report
IRS introduces digitally authenticated Tax Compliance Report via Individual Online Account. Learn how this affects cross-border taxpayers.
IRS Launches Digitally Authenticated Tax Compliance Report: A New Tool for Newcomers and Cross-Border Filers
IRS launches digitally authenticated Tax Compliance Report for newcomers and cross-border filers. Learn how it works and what it means for your taxes.
IRS Launches Digitally Authenticated Tax Compliance Report: What Newcomers and Cross-Border Filers Should Know
IRS launches digitally authenticated Tax Compliance Report via Individual Online Account. Learn how newcomers and cross-border filers can use it for tax co
IRS Launches Digitally Authenticated Tax Compliance Report: A Practical New Tool for Cross-Border Taxpayers
IRS launches digitally authenticated Tax Compliance Report for cross-border taxpayers. Learn how this new tool simplifies tax compliance and verification.
CRA Scrutiny of Unreported Income and Signing Bonuses: Lessons for Cross-Border Earners
Learn from recent CRA enforcement cases on unreported income and signing bonuses. Essential lessons for cross-border earners to stay compliant.
US Tariffs on Canadian Goods Delayed at the 11th Hour: What Cross-Border Businesses Should Watch
US delays 50% tariffs on Canadian goods for 3 days. Learn key impacts and strategies for cross-border businesses in this update.
John Tavares vs. the CRA: What a Signing Bonus Dispute Means for Cross-Border Pay
Learn how John Tavares' CRA signing bonus dispute impacts cross-border pay, tax residency, and NHL players. Key insights for U.S.-Canada taxpayers.
When Hong Kong Policies Get Taxed: What China's Enforcement Push Means for Canadian Insurance and IFA Structures
China has begun assessing individual income tax on gains from offshore insurance policies. The product rules in Canada have not changed — but for clients who are still Chinese tax residents, the analysis now has a second half.
OBBBA Changes Effective in 2026: What Cross-Border Taxpayers Should Watch For
Learn about OBBBA changes effective in 2026 that impact cross-border taxpayers, including key provisions and filing tips from Accounting Today.
Treasury and IRS Provide Gift Tax Safe Harbor for Contributions to Trump Accounts
On June 29, 2026, the Department of the Treasury and the IRS issued Revenue Procedure 2026-25 (IR-2026-80), establishing a gift tax reporting safe harbor f
IRS and Security Summit Launch Summer Series to Help Tax Pros Protect Clients from Identity Theft
On July 7, 2026, the IRS and Security Summit partners launched the "Protect Your Clients; Protect Yourself" summer campaign (IR-2026-81), a five-week educa
Treasury and IRS Issue Final Regulations Naming Certain CRAT Transactions as Listed Transactions
On July 8, 2026, the Department of the Treasury and the IRS issued final regulations (IR-2026-82) identifying certain Charitable Remainder Annuity Trust (C
IRS Simplifies Penalty Relief, Introduces Automatic Process for Eligible Taxpayers
On July 8, 2026, the Internal Revenue Service announced a streamlined penalty relief process that will automatically waive certain penalties for taxpayers
IRS to Offer Final Saturday Hours at Taxpayer Assistance Centers Nationwide on June 27
On June 22, 2026, the IRS announced that select Taxpayer Assistance Centers across the US will be open Saturday, June 27, for the final special Saturday ev
ETAAC 2026 Annual Report Delivers 18 Recommendations for Modernizing Electronic Tax Administration
The Electronic Tax Administration Advisory Committee (ETAAC) released its 2026 annual report on June 17, 2026, containing 18 recommendations — six directed
Frequently asked
When are Canadian taxes due each year?
Personal T1 returns are generally due April 30; self-employed individuals have until June 15 to file, but any balance owing is still due April 30.
How often is this section updated?
Daily — we pull the latest CRA, IRS and authoritative tax-media releases, then rewrite and source them as original summaries.