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CRA Tax Adjustment Delays Now Stretch Up to 47 Weeks — Here's How to Avoid Getting Stuck

   July 12, 2026   If you've ever filed a request to correct or update your tax return and then waited... and waited... you're not imagining it. Canada's Taxpayers' Ombudsperson has confirmed that some Canada Revenue Agency (CRA) adjustment requests are now taking nearly a year to process — and it's launched a formal investigation into why. What's Actually Happening When you need to change something on a tax return you've already filed — say you forgot a slip, need to update a deduction, or want to claim a credit you missed — you submit what's called a T1 adjustment request. The CRA sorts these into two speeds: Routine requests (filed online through your CRA My Account or certified tax software) have a service standard of just 2 weeks . By phone or mail, the standard is 8 weeks. Complex requests — where the CRA needs more documentation or a deeper review — carry a service standard of 20 weeks . The problem: the CRA isn't hitting even its own "...
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Bank of Canada may trail Fed rate cut as wage growth continues to soar

 

The Bank of Canada may not follow the Federal Reserve in cutting interest rates, despite the Canadian economy flirting with recession. This is due to high growth in Canadian wages and shelter costs, which could see the central bank shifting to interest rate cuts after the Federal Reserve. However, factors peculiar to Canada, such as declining productivity, record levels of immigration, and a relatively unionized workforce, could stand in the way of inflation returning to the Bank of Canada’s 2% target. Wage growth could be slow to ease as collective bargaining agreements lock in multi-year wage settlements. Analysts suggest that there should be more differentiation between the Fed and BoC rate paths than is currently priced.

The Canadian economy is facing a challenging time, with the Bank of Canada’s 2% inflation target still out of reach. The Bank of Canada may need to take a different approach to the Federal Reserve in order to achieve its goals. Wage growth in Canada is much higher than in the United States, which could make it difficult for the Bank of Canada to cut interest rates. However, analysts suggest that there should be more differentiation between the Fed and BoC rate paths than is currently priced. This could help support the Canadian dollar and delay a rebound in the economy, which would disappoint heavily indebted households, many of which are due to renew their mortgages at higher borrowing costs this year.

In conclusion, the Bank of Canada may trail the Federal Reserve in cutting interest rates due to high growth in Canadian wages and shelter costs. However, factors peculiar to Canada, such as declining productivity, record levels of immigration, and a relatively unionized workforce, could stand in the way of inflation returning to the Bank of Canada’s 2% target. Wage growth could be slow to ease as collective bargaining agreements lock in multi-year wage settlements. Analysts suggest that there should be more differentiation between the Fed and BoC rate paths than is currently priced.

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