RPK Accounting and Tax Filing Services

10/12/2026

09/24/2026

Groceries benefits 🛒

09/17/2026

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Email: [email protected] | Call: 647-675-2535
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Do you or your spouse receive pension income? A joint pension-splitting election may help balance taxable income between spouses or common-law partners—but only eligible pension income qualifies.

You can allocate any percentage from 0% to 50% of eligible pension income to your spouse or common-law partner. The receiving spouse can be any age if all other conditions are met. Both spouses must be Canadian residents on December 31 of the tax year, or on the date of death, and relationship conditions apply.

Eligible income generally includes lifetime retirement benefits from a registered pension plan. If the transferring spouse is 65 or older, qualifying RRIF and RRSP annuity payments may also be eligible. Rules are narrower for someone under 65.

Old Age Security, CPP/QPP benefits, income from a U.S. IRA, and certain tax-exempt foreign pension income cannot be split through Form T1032. CPP pension sharing is a separate process.

Both spouses must make the joint election using Form T1032. The transferring spouse deducts the elected amount on line 21000, while the receiving spouse reports it on line 11600. The best percentage is not automatically 50% because the election can affect income-tested credits, the age amount, and Old Age Security repayment.

DM RPK Accounting & Tax Filing if you would like help comparing pension-splitting options.

General information only — not personal tax advice.

09/16/2026

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The next 2026 Advanced Canada Workers Benefit payment date listed by CRA is October 9, 2026.

ACWB provides advance payments of the Canada Workers Benefit to eligible individuals and families. Eligibility and the amount depend on income, province or territory and personal circumstances.

Before the payment date, check CRA My Account, confirm your direct-deposit information and save any RC210 statement. If you received ACWB payments, follow the applicable Schedule 6 and line 41500 reporting instructions when filing.

ACWB is an advance—not a separate bonus. CRA determines the final entitlement when the return is processed, and an overpayment may be recovered from a refund or future benefit payments.

DM RPK Accounting & Tax Filing if you need help reviewing your CWB or ACWB information.

General information only — not personal tax advice.

09/15/2026

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Used the Home Buyers’ Plan in 2026? Your first required repayment year is now 2031.

Temporary HBP relief has been extended to people whose first qualifying withdrawal is made from January 1, 2026, through December 31, 2028. The 15-year repayment period starts in the fifth year following the year of the first withdrawal. The earlier relief for first withdrawals made from 2022 through 2025 also remains in place.

Once repayments begin, check your CRA HBP statement for your required annual amount. You generally make an eligible contribution to your own RRSP, PRPP, or SPP in the repayment year or within the first 60 days of the following year, then designate it as an HBP repayment on Schedule 7. The designated amount is not deductible, and an HBP repayment cannot be made into an FHSA.

If you designate less than the minimum required amount, the shortfall must generally be reported as RRSP income on line 12900.

DM RPK Accounting & Tax Filing if you would like help reviewing your HBP statement and repayment reporting.

General information only — not personal tax advice.



OFFICIAL SOURCES — INTERNAL VERIFICATION

CRA: The Home Buyers’ Plan and temporary repayment relief
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan.html

CRA: How to repay amounts withdrawn under the HBP
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan/repay-funds-withdrawn-rrsp-s-under-home-buyers-plan.html

CRA: How to report HBP repayments
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan/report-repayments-on-your-income-tax-benefit-return.html

09/14/2026

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Important Disability Tax Credit application update: as of September 8, 2026, CRA no longer accepts Form T2201 versions from before 2023.

The DTC is a non-refundable tax credit that may help an eligible person with a severe and prolonged impairment—or a supporting family member—reduce income tax payable. Approval is based on CRA’s review of the completed application and medical-practitioner certification.

Applicants can use CRA’s digital DTC application form or mail the latest Form T2201 downloaded from Canada.ca. CRA says the online form is always current and may be processed faster than a paper application.

Since July 14, 2026, new DTC applications cannot be submitted through the general “submit documents” section of a CRA account. It may only be used for DTC information when CRA specifically requests additional documents for an existing case and provides submission instructions.

Before completing a paper application, confirm that the form version is from 2023 or later. Keep a copy of the completed application and CRA correspondence.

DM RPK Accounting & Tax Filing if you need help understanding the tax-reporting steps after DTC approval.

General information only — not personal tax advice.

09/13/2026

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Forgot a tax slip or found an expense after filing? Do not send CRA a second return for the same year. Wait until your notice of assessment is issued, then request an adjustment.

For most situations, you can use Change my return in your CRA Account, ReFILE through certified tax software, or Form T1-ADJ by mail. Availability depends on the tax year, how the original return was filed, and whether special circumstances apply.

You can generally correct income, add a missing slip, or adjust a deduction, credit or expense. A return adjustment cannot handle certain requests, including updating personal information, applying for benefits, or making or revising an election.

Keep the tax year, line number, original amount, revised amount and supporting documents. CRA will issue a notice of reassessment or a letter explaining its decision.

DM RPK Accounting & Tax Filing for help reviewing a previously filed return.

General information only — not personal tax advice.

09/12/2026

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Ontario employers and workers: minimum wage rates increase on October 1, 2026.

The general minimum wage rises from $17.60 to $17.95 per hour. The student rate rises from $16.60 to $16.90, and the homeworker rate rises from $19.35 to $19.70 per hour. Daily minimums for hunting, fishing and wilderness guides also increase.

Most full-time, part-time and casual employees are entitled to the applicable minimum wage, including many workers paid by salary, commission, piece rate or flat rate. Some jobs have special rules or exemptions, so classification still matters.

If October 1 falls partway through a pay period, Ontario requires minimum-wage compliance to be calculated as if the period were split into two: the portion before October 1 and the portion from October 1 onward.

Employers should update payroll rates, review non-hourly pay arrangements, check any pay period that spans the effective date, and retain accurate wage and hours records.

DM RPK Accounting & Tax Filing if you would like help preparing your payroll records for the rate change.

General information only — not personal tax advice.

09/11/2026

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T4, T4A and T5 may look similar, but they do not report the same type of income.

A T4 identifies remuneration paid by an employer to an employee during the calendar year. Common boxes include employment income, CPP or QPP contributions, EI premiums and income tax deducted.

A T4A can report several different types of income, including pension or superannuation, annuities, self-employed commissions, fees for services and RESP educational assistance payments. There is no single tax-return line for the entire T4A—the correct treatment depends on the populated box.

A T5 reports certain investment income. Depending on the box, it may include Canadian-source interest, taxable Canadian dividends, foreign income, foreign tax paid or certain other investment amounts.

One taxpayer can receive all three slips in the same year. Review every populated box and follow its specific CRA reporting instruction. Some information boxes are already included in another total, so avoid reporting the same amount twice.

CRA says most tax slips should be received by the end of February. Request a copy if a slip is missing or lost, and contact the issuer promptly if any information is incorrect.

DM RPK Accounting & Tax Filing for help reviewing your tax slips before filing.

General information only — not personal tax advice.

09/11/2026

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Are you working for a client through your own corporation? Incorporation alone does not guarantee access to small-business corporate tax rates.

CRA may consider the corporation to be carrying on a Personal Services Business when you or a related person is a specified shareholder, you would reasonably be considered the client’s employee if the corporation did not exist, the corporation employs five or fewer full-time employees throughout the year, and the service payments are not received from an associated corporation.

The analysis depends on the actual working relationship—not only the wording in the contract. Factors such as control, tools and equipment, ability to subcontract, financial risk, investment and management responsibility, and opportunity for profit may be relevant when determining worker status.

A PSB cannot claim the small business deduction or federal general tax reduction and is subject to full federal and applicable provincial or territorial corporate tax rates, plus an additional 5% federal tax on PSB income.

Permitted deductions are restricted. They generally include salary and wages paid to the incorporated employee, benefits or allowances provided to that employee, certain expenses relating to selling property or negotiating contracts, and legal expenses incurred to collect amounts owing.

Review the classification before filing the corporation’s T2 return. Salary payments may also create payroll and T4 reporting obligations.

DM RPK Accounting & Tax Filing if you would like help reviewing an incorporated-contractor arrangement.

General information only — not personal tax advice.