5 BULLET FRIDAYS - Tax Mechanic News, Tips & Strategies

Welcome to Tax Mechanic Insights! 📬

CRA Payments You May Have Missed

Each year, millions of Canadians leave government money unclaimed. Whether a tax refund, benefit, or credit, CRA-issued cheques never expire — but many remain uncashed. As of June 2025, more than 10 million payments are still outstanding.

At a Glance

The Value at Stake

• $1.7 Billion Unclaimed — Capital waiting to be accessed by Canadians.

• No Expiry Risk — Government cheques remain valid indefinitely.

• Faster Access — Replacements issued more efficiently with direct deposit.

Steps to Secure Your Payment

1. Access My Account → Log in and select Uncashed Cheques.

2. Verify Your Profile → Ensure your address and direct deposit information are accurate.

3. Submit Your Request → Return the CRA-prepared form for each cheque.

Designed for Certainty

Unclaimed funds are not just numbers — they represent opportunities to strengthen financial clarity and confidence. By acting today, you ensure your entitlements flow directly and securely to you.

📌 Source: Canada Revenue Agency – Uncashed cheques

Spotlight: Turning Podcasts into Profit

Entrepreneur Daniel Priestley shared how appearing on The Diary of a CEO—the world’s second-largest podcast—generated more than $10 million in business value. Even more remarkably, he’s been invited back six times, making him the show’s most frequent guest.

Key Takeaways

Strategic Impact

• Unmatched Reach: Top podcasts connect you to millions of engaged listeners.

• Direct ROI: Visibility translates into measurable business growth.

• Credibility: Aligning with respected voices elevates authority and trust.

Next Steps for Leaders

• Analyze Proven Formats: Learn from high-performing podcasts.

• Perfect Your Pitch: Position your story with clarity and authority.

• Scale with Confidence: Ensure infrastructure is in place to capture and convert new demand.

📌 Source: Daniel Priestley – Diary of a CEO Interview

Smart Strategies for Your Mortgage Renewal

Mortgage renewals can feel routine, but they present one of the best opportunities to save money and align your financing with future goals. With preparation and the right strategy, homeowners can often secure better terms and save thousands over the life of their mortgage.

Key Tips at a Glance

Why It Matters

• Financial Impact: Even a small rate difference can mean thousands in long-term savings.

• Strategic Flexibility: Tailoring your mortgage terms ensures your financing supports your lifestyle and goals.

• Expert Guidance: Professional advice helps you identify the most competitive offers in the market.

What to Do Next

• Mark Your Calendar: Set a reminder at least 120 days before your renewal date.

• Compare Options: Don’t rely solely on your lender’s offer—shop widely.

• Seek Expert Support: Partner with a mortgage agent to secure the best deal available.

💡 Contact Genelle George today to start planning your renewal:
📞 416-854-7697
📧 [email protected]

Ottawa Orders CRA to Fix Call Centre Crisis

Canadians are struggling to reach the Canada Revenue Agency (CRA) by phone — a situation that has prompted federal action. Following growing public frustration, the Minister of National Revenue has directed the CRA to deliver a 100-day plan to improve accessibility and service quality.

Key Facts at a Glance

The Value at Stake

• Unacceptable Delays: Many taxpayers report weeks or months without reaching an agent.

• Capacity Gaps: Reduced staffing and seasonal cuts are straining service.

• Commitment to Change: CRA acknowledges it has “fallen short” and pledges to reallocate resources, pilot scheduling tools, and expand digital services.

Steps to Secure Resolution

• Government Oversight: The minister has mandated concrete action within 100 days.

• Service Enhancements: Expect more agents, digital upgrades, and streamlined scheduling.

• Union Pressure: Employee representatives continue to call for reinvestment and permanent staffing increases.

Looking Ahead

The CRA’s ability to restore public trust depends on rapid, visible improvements. While technology and resource reallocation may help, sustainable service will require strategic reinvestment in people and systems.

📌 Source: CBC News – CRA Call Centre Challenges

Featured TikTok: Unclaimed CRA Cheques

In our latest TikTok video, we reveal an opportunity many Canadians are missing: uncashed CRA payments. From forgotten tax refunds to GST credits and child benefits, more than 10 million cheques—worth $1.7 billion—remain unclaimed as of 2025.

@taxmechanic

💰 CRA could be HIDING money in your account right now 👀 Most Canadians don’t even know about this… some have HUNDREDS or THOUSANDS waiting... See more

Key Facts at a Glance