Okanagan Tax & Business Services Inc.

07/25/2026

Office Closure Notice

Our office will be closed for a well-deserved vacation from July 27 through August 4.

We apologize for any inconvenience this may cause and appreciate your understanding. We look forward to assisting you when we return!

06/18/2026

Visit the Canada Revenue Agency at https://www.canada.ca/en/services/taxes.html
Can’t pay your tax debt right away? We have options to help you – including the Manage balance service
Did you recently receive a call or a letter from the Canada Revenue Agency (CRA) telling you that you owe money? If so, you're not alone, and it's natural to feel overwhelmed. If you can’t pay in full, or on time, options may be available. We’re committed to working with Canadians by offering flexible payment arrangements and solutions to help you manage your balance owing. Reviewing your options and acting early can help you avoid additional interest, costly penalties, or other actions.

Use the Manage balance service
If you have a personal income tax or COVID-19 benefit debt of $1,000 or more, you may be able to use the Manage balance service in My Account to resolve your debt online, without speaking to a collections officer. It allows you to make a full or partial payment, schedule a series of payments, contact a collections officer or request a callback.

We made the following enhancements in My Account that improve the Manage balance user experience:

You can see the contact information of the agent or officer assigned to your account.
Balances with an existing payment arrangement will no longer be shown.
As of May 15, 2026, $1.1 billion in payments in full or payment arrangements are attributed to the Manage balance service since its launch on October 22, 2025. In addition, more than 5.95 million taxpayers with a debt of $1,000 or more were presented with the service.

Contact us to discuss your options
If you can’t use the Manage balance service or if you are unable to pay your tax or other government debt, please contact us. We can work with you to find a solution that suits your financial situation.

Visit Debt collection at the CRA to learn more about the options that are available to help with your debt payment.

Taxpayer relief options are also available. In certain situations, the CRA may grant relief of penalties and interest. For more information, visit Taxpayer relief provisions.

What happens if you ignore your tax debt
Managing a tax debt can be difficult, and we want to work with you on a solution. If you don’t pay or call to discuss your situation, the CRA can take steps to recover the amount you owe. For example, your benefit and credit payments, or tax refunds, could be withheld and applied to your outstanding debt or legal action can be initiated to collect the amount you owe.

Other Government of Canada debts
The CRA also collects debts for some programs that other areas of the government administer. This includes:

Employment and Social Development Canada (ESDC)

For overpayments of employment insurance, Canada Pension Plan, old age security, other overpayments, and overdue student loans.
To make a payment to ESDC, visit Overpayments and repayments.
Canada Border Services Agency (CBSA)

For customs debts such as duties, fees, charges, penalties, interest, and more.
To make a payment to the CBSA, visit Commercial import payments: Duties, taxes and other customs dues.
Defaulted Canada Emergency Business Account (CEBA) loans

The CRA provides collection services for defaulted CEBA loans on behalf of the Government of Canada.
To make a payment to CEBA, visit Canada Emergency Business Account (CEBA) | CEBA Loan Repayment.

Information on taxes including filing taxes, and get tax information for individuals, businesses, charities, and trusts. Income tax.

06/18/2026

https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2026/cant-pay-tax-debt-options-help-including-manage-balance-service.html?utm_source=mediaroom&utm_medium=eml

Did you recently receive a call or a letter from the Canada Revenue Agency (CRA) telling you that you owe money?

05/21/2026

Visit the Canada Revenue Agency at https://www.canada.ca/en/services/taxes.html
Businesses – Tax information newsletter, Edition 2026- 02 – May 21, 2026
Update on the non-taxability of the Canada Carbon Rebate for Small Businesses
On March 26, 2026, the Government of Canada passed legislation that makes the Canada Carbon Rebate for Small Businesses non-taxable for all fuel charge years. The CRA is now reviewing the T2 Corporation Income Tax Returns for businesses that may have included the rebate in their taxable income for the year it was received.

Here’s what this means for your business and what steps you may need to take.

If your corporation filed before the announcement on June 30, 2025, in which the government committed to making the rebate tax-free, and:
There is clear indication the rebate amount was reported at line 295 of the Schedule 1, we will complete an adjustment to remove the amount from the calculation of your taxable income. No action will be required on your part.
There is no clear indication the rebate was included in taxable income, we will be requesting additional information in order to determine if an adjustment to your T2 return is needed.
If your corporation filed after June 30, 2025, and included the rebate in your taxable income:
You will need to submit an adjustment request: Requesting a reassessment of your T2 return.
Refer to the flowchart on our website for a visual depiction of this process.

Businesses: Add or update your email address now to avoid missing important CRA changes
The CRA now sends most business correspondence online.

To make sure you don’t miss important updates:

Sign into My Business Account
Add or update your email address
This allows the CRA to notify you when new mail is available or when changes are made to your account. Without a current email address you could miss key information.

Learn more here : Businesses : Add or update your email address now to avoid missing important CRA messages

2026 Tax deadlines for Canadian businesses and self-employed individuals
Check out this new web page that highlights the 2026 tax deadlines for Canadian businesses and self-employed individuals. It’s designed to help you stay organized and manage your tax obligations with ease.

The Liaison Officer service is here to help!
Did you know the Canada Revenue Agency has a free service designed to help small business owners and self-employed individuals understand their tax obligations? It’s called the Liaison Officer service and it offers personalized support to those who are self-employed or run their own business.

Our Liaison Officers can help you understand your tax obligations, learn about business deductions and how to report rental income.

The results speak for themselves. Over 98% of taxpayers who participated in an anonymous post-visit survey said our Liaison Officers were able to answer all of their tax-related questions.

Don’t delay, book a personalized visit or learn more about the Liaison Officer service by visiting canada.ca/cra-liaison-officer.

Share this information
We hope you will share the following information with a colleague and encourage them to subscribe for this newsletter.


The Canada Revenue Agency's Signature and the Canada Wordmark Symbol of the Government of Canada
Businesses – Tax information

For telephone, fax, and TTY (teletypewriter) numbers and for addresses, go to Contact us.
Canada Revenue Agency
Government of Canada
Ottawa ON K1A 0L5
Canada

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01/29/2026

Individuals – Tax information

Starting February 9, 2026, notices of assessment and reassessment will be available to view exclusively in the Canada Revenue Agency (CRA) portals.

These portals include My Account, My Business Account, and Represent a Client, which are located in your CRA account.

Note: Notices of assessment are available to view in the CRA portals once a tax return has been processed, which in most situations happens immediately. The CRA will send you an email when your notice is ready to be viewed.

If you do not have a CRA account, you can register for one to easily view your notices.

Information on taxes including filing taxes, and get tax information for individuals, businesses, charities, and trusts. Income tax.