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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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S&P/TSX Composite Closes Lower Amid Broader Losses

Canada’s main stock index, the S&P/TSX composite, closed lower on Friday, echoing the trend in U.S. markets. Despite earlier gains, the S&P/TSX composite index ended down 66.37 points at 21,875.79. The decline was driven by weakness in energy and industrials sectors.

Statistics Canada reported that real gross domestic product (GDP) grew 0.3% in April, but the early read for May showed growth slowing to 0.1% for the month. Consumers in Canada appear to be pulling back, impacted by higher interest rates over the past two years. Portfolio manager Hadiza Djataou noted that consumption is taking a hit, influencing stock performance.

In New York, the Dow Jones industrial average was down 45.20 points at 39,118.86, the S&P 500 index dropped 22.39 points to 5,460.48, and the Nasdaq composite fell 126.08 points to 17,732.60. The U.S. Federal Reserve’s preferred inflation gauge indicated a 2.6% rise in consumer prices for May, easing from April’s 2.7% reading.

The Canadian dollar traded at 73.06 cents US, and while Canada’s GDP data didn’t significantly impact interest rate expectations, Djataou anticipates further pressure on the loonie due to diverging economic trajectories between Canada and the U.S.


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