Preparing Your Income Tax Returns, 2027 Edition for 2026 Returns
Preparing Your Income Tax Returns, 2027 Edition for 2026 Returns
Overview
File your returns with accuracy by staying up-to-date on recent tax changes with the most current tax preparation guide. Critically-acclaimed by tax professionals, Preparing Your Income Tax Returns is updated annually and provides the most comprehensive coverage and in-depth analysis of the rules for personal tax returns available.
Features & Coverage
Why do tax professionals across Canada come back to Wolters Kluwer year-after-year? It's simple!
- We provide the most comprehensive tax resource available anywhere;
- Federal and provincial income and capital taxes are exhaustively detailed;
- Descriptions of forms and analysis of necessary information are organized by topic
- Commentary on the CRA’s rules and procedures with respect to tax filing and administration;
- Preparing Your Income Tax Returns will give you the professional expertise, confidence, and time-saving efficiency you need to deliver your best returns.
The 2027 edition for 2026 returns contains newly updated content reflecting tax measures from provincial budgets and many tax changes proposed by federal draft legislation.
What's New in the 2027 Edition
Notable tax measures new to this edition include (but are not limited to) the following:
- Proposals expanding immediate expensing to apply to most types of depreciable property and making the deduction permanent
- New personal support worker tax credit
- New top-up tax credit
- Changes to the labour mobility deduction
- Permanent extension of the capital gains tax exemption for the sale of a business to an employee ownership trust or a worker co-operative
- Extension of the repayment grace period under the home buyers' plan
- Temporary immediate expensing for eligible greenhouse buildings
- Changes to the qualified investment rules for registered plans
- Automated federal benefits for lower-income individuals
- Changes to the disability tax credit
- Red seal completion bonus
- Changes affecting provincial tax filing
- Many more technical changes
Also, in this edition are references to changes to the CRA's filing procedures and many new tax forms.
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Product details
| Title | Preparing Your Income Tax Returns, 2027 Edition for 2026 Returns |
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| Format | Print Book |
| Published | December 22, 2026 |
| Author | Wolters Kluwer Canada Editorial Staff |
| Product ID | 10097039-0007 |
About the author(s)
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