Agency says it won’t apply gross negligence penalties for non-filing of 2023 bare trust returns except in “egregious cases”
Deadline for filing underused housing tax return for 2022 and 2023 is April 30
One in 10 Airbnbs in Montreal, Toronto and Vancouver are unlicensed, report found
Agency releases guidance on home office expenses for 2023
Prescribed rate for the second quarter of this year to match first quarter rate
The CRA is no longer offering the flat-rate method to claim employment expenses for 2023
Fewer than 2% of UHT returns have involved tax owing
Agency confirms the interest rate Canadians must pay on overdue tax will rise to 10%
Most adjustments were related to calculation errors and lack of documentation rather than ineligibility
Tax advisors still on shaky ground as five sets of transactions are confirmed