Introducing the new multi-factor authentication passcode grid

The Canada Revenue Agency is committed to protecting the personal and tax information of Canadians by making the multi-factor authentication (MFA) security feature accessible to all users. As of September 26, 2021, the new MFA passcode grid is now available to all...

Warning: Watch out for TFSA maximizer schemes

The Canada Revenue Agency (CRA) is warning Canadians about participating in tax schemes where promoters are claiming that individuals can transfer funds out of their registered retirement savings plan (RRSP) or registered retirement income fund (RRIF) into a tax-free...

Warning: Watch out for tax shelter gifting schemes

The Canada Revenue Agency (CRA) is warning Canadians about getting involved in tax shelter gifting arrangement schemes. Promoters, including some representatives, tax preparers and investment professionals, are encouraging their clients to participate in gifting...