The Poor Man's Accountant

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Taxman 2025

Version 2.0 is Ready!

Version 2.0 corrects a serious fault, see below at Bugs and Versions for more details. The data files were not changed so you can use the files you already have. Don't delete anything, just install over top of what you have, your data files won't be touched.

I'm late this year, but CRA was correcting its forms at the last minute. On February 6 CRA revised the CCA for rentals and businesses. In early January I had just finished this convoluted 21 page form, after a week of work, and then CRA revised it. So, don't count out further revisions in the future.


The above paragraph proved prophetic because on the very day I released Version 2.0 I discover that CRA had revised the CCA on the Statement of Employment Expenses, T777. They had already released the 2025 T777 back on December 8. Amazingly, the revised T777 CCA chart is different from the CCA charts for rentals and businesses. How can that be if the assets being depreciated are the same? Regardless, there will be a Version 3.0 which hopefully you won't need because you're not an employee who has purchased something in CCA Class 54 or 55.

In the fall CRA makes work for it's employees by harassing taxpayers with audits. They mail out letters demanding to see our receipts within 30 days. Usually a couple of my clients get hit each year, but last year nothing. I believe that's because CRA was twarted by the postal strike. Deadlines don't work if we don't have stable mail delivery. So we owe a big thank you to the striking postal workers for getting CRA off our backs.
No audits doesn't mean CRA employees have nothing to do. According to the Auditor General there's plenty of work to be done. As the postal workers were showing that they (along with snail mail) does matter, the AG was saying that the same may not be true of CRA empoloyees. The AG audited CRA and released a report in October that found it took way to long to get to talk to a CRA agent, and when you do get to ask a general question about individual income taxes that agent is only likely to be right 17% on the time. Colour me surprised.
The CBC morning radio discussed the topic, but they focused mainly on the long wait-times at CRA call centres. They made it sound that the solution was to hire more staff, that money can solve the problem. But I think there's much more to it than that, and I had a great example which I think proves my case. Killing two birds with one stone, I wrote down my tale and emailed it to the CBC, along with filing a complaint with CRA. Now I'm killing a third bird by making it my essay for this year. See if I'm right, and learn what not to do when mailing something to CRA. Read my essay for this year ...



Before mailing in that tax return, just to be safe, come back and download the latest upgrade.

You are likely to be warned that Taxman could be dangerous. Your browser or security software will see Taxman as an unknown executable program and it will hide Taxman away so you can't run it. Here we have AI overruling a human because biological creatures don't know what they're doing, can't be trusted, and may hurt themselves. Maybe you've seen this movie before?
So you have to either ignore the warning if you can, or tell the blocking program that Taxman is safe (you may have to hit the "more info" link to find out how), or temporarily turn down your level of security. Show your computer who's the boss!

If you already have the full Taxman program installed on your computer (if not, go back to any past year and download the full program), then you only need:

Taxman!  Taxman2025 Upgrade Version 2.0 (25upgd20.exe, 2.3 MB)
  Revised Feb 26, 2026, see Bugs and Versions for more.

Click the link below and go to pCloud where there is one file listed. Click the little download symbol up at the top-right and the job's done. If a pop-up appears asking you to register just click the 'X' at the top-right of the pop-up (or register if you want to).

Download Upgrade Version 2.0
from pCloud!


Or, clicking the link below takes you to Google Drive where you have to press the 'Download' button. You then go to a page telling you the file can't be scanned for viruses — press 'Download anyway'. Then a pop-up appears and you hit 'Save File'.

Download Upgrade Version 2.0
from Google Drive!



After downloading, just double-click 25upgd20.exe to install. A shortcut to run the program will appear on your Start Menu, your Desktop and in the folder where the program was installed. Your data files are 25tables.mdb and taxbiz.mdb — back'em up! During an install your data files, if they already exist, are never replaced, but an uninstall will delete them forevermore.
If this is this year's first install and you used Taxman in the past, go to 'Tools\Data Transfer' on the menu and press 'Get Basics from past year' to update 25tables.mdb with the unlikely to change stuff in 24tables.mdb. After Get Basics runs you'll be asked if you want to update taxbiz.mdb, say No because the structure of taxbiz.mdb is unchanged so the best bet is to hide the new taxbiz.mdb and then point the program to the old taxbiz.mdb (look up 'Data Transfer' in the Help index for more).




Otherwise you must get the full program, the El Gordo version:

Taxman!   Taxman2025 Full Version 2.0 (25full20.exe, 7.6 MB)
Revised Feb 26, 2026, see Bugs and Versions for more.

Click the link below and go to pCloud where there is one file listed. Click the link below and go to pCloud where there is one file listed. Click the little download symbol up at the top-right and the job's done. If a pop-up appears asking you to register just click the 'X' at the top-right of the pop-up (or register if you want to).

Download Full Version 2.0
from pCloud!



Or, clicking the link below takes you to Google Drive where you have to press the 'Download' button. You then go to a page telling you the file can't be scanned for viruses — press 'Download anyway'. Then a pop-up appears and you hit 'Save File'.

Download Full Version 2.0
from Google Drive!


After downloading, double-click 25full20.exe to install. The first time you install Taxman, if asked, do not replace any newer files that you already have on your computer. Only replace files if Taxman fails to work. Save the file 25full20.exe, it may not always be on the internet. A shortcut to run the program will appear on your Start Menu, your Desktop and in the folder where the program was installed. Your data files are 25tables.mdb and taxbiz.mdb — back'em up! During an install your data files, if they already exist, are never replaced, but an uninstall will delete them forevermore.




    Announcing!       New for 2025

AB has joined ON, BC and NU asking for your consent to be emailed by the organ donor registry.
SK back in 2022 had a Schedule 12, the home renovation credit, and now it's back again.
Otherwise there are no significant tax changes for 2025, except that the lowest tax rate dropped from 15% to 14.5%. This also means your non-refundable credits are worth half a percent less. There's a top-up credit to give you back that lost half a percent, but it only kicks in when your credits exceed $57,375 and that never happens. The program automatically calculates the top-up credit.
Amazingly, though the CPP rates stayed the same, how the CPP was calculated changed. This leads me to believe that we were doing it all wrong before. The CPP form RC381, for people who work in and out of Quebec, was released in mid-December. On January 7 it was revised in a major way. New lines were added and many other lines now became based on the new lines. That means that at the last minute CRA was still fumbling with the fundamentals. I can see them grabbing for the phone: "Ottawa, we have a problem." It would have made for a panic over Christmas and New Year's. Hopefully, they got it right now. But I can't say for certain because the form has 21 pages and is totally convoluted. It was a panic for me just to turn the form's revisions into code.
CRA is no longer automatically mailing out forms to paper-filing people. You need to read the guides and forms because my program doesn't have all the detailed instructions that they have. CRA says they "will continue to support you if you choose to file on paper" — which is mighty magnanimous of them, because deep down inside they want to get rid of us paper filers. What they should be doing is putting out their own free online tax program and that would put me out of my misery.
You can get forms and an envelope by using CRA's automatic phone line, 1-855-330-3305, or, more easily, by going online to canada.ca/en/revenue-agency/services/forms-publications/before-you-begin.html. To get the guide (5000-g-25e.pdf) or any missing schedules go to canada.ca/en/revenue-agency/services/forms-publications/forms.html.



                  Bugs and Version History



Liam, a 5-year-old wearing a toque with long white rabbit ears and carrying his Spider-Man backpack, was snatched on his way home from school and tossed in a Texas concentration camp. The poor little creature must have constantly been on the verge of tears. He has lost all his toys, and his mother, and he doesn't want to be stuck in that cage.
Meanwhile, the rest of the country was treated with a 1h 44m documentary about the struggles of a trophy wife. The rich and powerful blow $75M on a vanity film, oblivious of how the rest of us are getting by. There's no one in charge here. We have no morals guiding us.
Fred Biery, the judge who let Liam go home, eloquently points out: "Observing human behavior confirms that for some among us, the perfidious lust for unbridled power and the imposition of cruelty in its quest know no bounds and are bereft of human decency." Mighty highfalutin words considering we're dealing with a little kid whose mother dresses him up with long white rabbit ears.



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