Several short updates this quarter may have meaningful implications:

• Digital Platform Reporting:
  CRA will receive information from online platforms such as Airbnb, VRBO, Uber, and similar services for the 2025 calendar year by January 31, 2026. This increases CRA’s visibility into income earned through digital platforms.
• First-Time Home Buyers’ GST/HST Rebate:
  A proposed rebate would provide a 100% GST rebate on homes valued up to $1 million, with a phased-out rebate for homes between $1 million and $1.5 million.
  The effective date has been moved to March 20, 2025, aligning with the Prime Minister’s initial announcement.
• Assignment Sales by Non-Residents:
  Non-residents making assignment sales of real property are subject to the same withholding and disclosure requirements as direct sales.
• Aggressive Insurance-Based Tax Schemes:
  CRA has cautioned against complex insurance-based arrangements designed primarily to avoid taxes. CRA warns that some of these products do not meet the standards of valid insurance policies.