{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Life in the Tax Lane (Canada)","title":"September 2026 - When Can CRA Reopen a Statute-Barred Year?","html":"","width":"100%","height":180,"duration":679,"description":"September’s episode of Life in the Tax Lane is here!\nBack-to-school season comes with a few lessons for tax practitioners too. This month, the Video Tax News team looks at cautionary court cases, practical CRA guidance on voluntary disclosures, and one heroic accountant whose recordkeeping made all the difference.\n\nTake 10 minutes to get up to date on what is new in the wonderful world of Canadian tax.\nThis month's episode covers:\nLife Insurance – Return of Premiums: Could a client getting their term life insurance premiums back result in an unexpected tax bill?\nTaxpayer Due Diligence: Recent court cases offer cautionary examples of clients failing to demonstrate taxpayer due diligence.\nVoluntary Disclosures – CRA Q&A: CRA provides guidance on pre-disclosure discussions, VDP eligibility and non-compliance extending beyond the minimum reporting period.\nAggressive Tax Claims – Statute-Barred Period and Penalties: Recent court cases highlight why CRA may be able to reopen otherwise statute-barred years, including unsupported tax claims and credibility issues.\nSupporting Documentation: A positive court outcome shows the value of an accountant’s working papers when a client’s original invoices are no longer available.\nSources: https://www.videotax.com/web-tips-articles/life-in-the-tax-lane-september-2026\nLearn more about Tax Update 2026 - https://members.videotax.com/courses/tax-update-2026\nLearn more about Bare Trust T3 Reporting: Practical Guide & Examples - https://members.videotax.com/courses/bare-trust-t3-reporting-practical-guide-examples\nProgram Recorded: August 26, 2026\nLife 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....","thumbnail_url":"https://img.transistorcdn.com/6ucqJFiRoRAehw0M6FXNRdGUow3DBqPRKZ10TG6QqoQ/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS80OTNk/NTNmOWM5OTg1ZDEx/ODdlN2JiMmM3ZWVm/NTRlYS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}